Castle Hill Avenue Portfolio Retail FOR SALE


Bronx, NY - Unionport
$6,500,000 USD
646-326-4580
, Bronx, NY for Sale
$6,500,000 USD
Retail - FOR SALE
1/4
null | 6% Cap Rate

Castle Hill Avenue Portfolio
Bronx, NY
Unionport


HIGHLIGHTS

  • Fully occupied mixed-use portfolio with 100% tenancy.
  • Long-term laundromat lease through 2053 with annual escalations.
  • Cell tower lease provides additional passive income.
  • Located off Bruckner Expressway with strong transit access.
  • First time offered in over 40 years, fee simple ownership.

OVERVIEW

The Castle Hill Avenue Portfolio presents a rare opportunity to acquire a fully occupied, income-generating mixed-use asset in the heart of the Bronx. Spanning three contiguous tax lots, the portfolio includes a four-story mixed-use building with seven rent-stabilized residential units above three retail spaces, a standalone 4,000 SF laundromat, and a third parcel with eight additional retail storefronts. The property sits on a 0.41-acre site with R5 zoning and a C1-2 commercial overlay, offering long-term redevelopment potential. Strategically positioned between Bruckner Boulevard and Chatterton Avenue, the site benefits from high visibility and strong transit connectivity via the BX-22 and BX-M8 bus lines and the nearby Castle Hill Avenue subway station. The asset is anchored by a long-term laundromat lease through 2053 with annual rent escalations, and additional income is generated from a cell tower lease with built-in increases. Retail tenants include a mix of service-oriented businesses such as a barbershop, nail salon, juice bar, and market, all contributing to a stable rent roll. With a current net operating income of $391,469 and a cap rate of 6.02%, this portfolio offers investors a compelling blend of cash flow, tenant stability, and location-driven upside. The surrounding Bronx market continues to attract investment due to its affordability, dense population, and expanding infrastructure, making this a prime acquisition for multifamily and retail investors.

ASK ABOUT THIS PROPERTY

Waleed JalboukhMarcus & MillichapMore Info
646-326-4580

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Waleed JalboukhMarcus & MillichapMore Info
646-326-4580

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.