The New York Multifamily Team at Marcus & Millichap is pleased to present 395 East 151st Street, a 39-unit mixed-use property located in the Melrose neighborhood of the Bronx. The property totals 36,360 square feet and is comprised of 33 residential apartments and six ground-floor commercial spaces. East 151stStreet has been owned, operated, and professionally managed by the same family for over 30 years. Recent capital improvements include a $200,000 elevator modernization completed in 2022. Additionally, $1.2 million in Local Law 11 façadework during the last cycle, resulting in a SAFE filing. The commercial component consists of six retail stores, occupied by a deli, restaurant, nail salon, bike shop, shipping/tax business, and products retailer. Several of the commercial leases extend into the 2030s. The residential component consists primarily of one- and two-bedroom apartments and includes one free-market unit. 395 East 151 Street is conveniently located near St. Mary’s Park, and the 149th Street 2,4 & 5 subway stations.