1248 Castle Hill Avenue, Bronx, NY 10462

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$2,288,888
Active for Sale
 
Listing ID 11199925
Property Type Multi-Unit (5+)
County Bronx
Township Parkchester/ Castle hill
Neighborhood East Bronx
School NYC BOE
Total Tax $20,821
Tax ID 03822-0010
FEMA Flood Map fema.gov/portal
Year Built 1925
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unique 6 unit Mix use building w/huge upside potential!

Looking for 5.1 cap rate?? then look no further! This unique 6 unit Mix use building w/huge upside potential is ready to go! 3 Commercial units and 3 residential units. Don't miss out on this golden opportunity to seize a slice of this high traffic property located in the Bronx's thriving community of Castle Hill/ Parkchester area. This property is poised for growth and sustainability. The residential units are 2-two bedrooms, 1-one bedroom. The commercial spaces are fully operational. The main anchor tenant is a Beautiful Roti Guyanese restaurant, then a Beauty Salon with heavy clientele and last but not least a Security office that serves the community for all of latest security surveillance installation. call for set up. Serious inquiries only. NO Leases!
Property Details
  • 6 Full Baths
  • 3600 SF
  • 3600 SF Lot
  • Built in 1925
  • Renovated 2022
  • 3 Stories
  • Available 8/17/2023
  • Lower Level: Unfinished, Finished
Interior Features
  • Hardwood Flooring
  • Steam Radiators
  • Natural Gas Fuel
  • Natural Gas Avail
  • Wall/Window A/C
Exterior Features
  • Masonry - Brick Construction
  • Brick Siding
  • Detached Garage
  • Municipal Water
  • Municipal Sewer
  • Street View
Commercial Info
  • Uses: Resteraunt, Beauty Salon and Security
  • 8% Cap. Rate
Income/Expenses
  • Gross Income $171,600
  • Heat Exp $7,000
  • Electric Exp $1,300
  • Water Exp $1,500
  • Paid by Landlord: Gas, Water
Taxes and Fees
  • $20,821 Total Tax
Listed By
COHEN & COHEN CONSULTING INC
Office: 917-553-9212
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