Alpha Realty presents, 710 East 138th Street, an opportunity to acquire a mixed-use corner asset in the Mott Haven neighborhood of the Bronx. The five-story walk-up property contains 20 residential apartments and 5 commercial units, creating a diversified income stream from both residential and retail tenancy. Located at the corner of Jackson Avenue and East 138th Street, the property benefits from strong visibility and direct access to one of the South Bronx's most active mixed-use corridors.
The asset offers investors a combination of in-place cash flow and future revenue growth potential. Financials provided indicate annual apartment income of $400,969 and commercial income of $192,635, generating effective gross income of $575,796 and a reported net operating income of $424,855. The property is offered at an asking price of $4,450,000. Existing commercial tenancy provides immediate exposure to neighborhood retail demand while the residential component contributes recurring income from a 20-unit apartment base.
The property is positioned in Mott Haven, a neighborhood that has experienced significant public and private investment, attracting new residential, retail, and mixed-use development. Transit accessibility is a notable feature, with the Brook Avenue subway station serving the 6 train located nearby and additional access to the 2, 4, and 5 subway lines within the surrounding area. The property's corner location, mixed-use configuration, and established tenancy profile create an opportunity for investors seeking a Bronx asset with multiple income sources and long-term ownership potential.