Property Description
Prime 28-Unit Investment Opportunity in Williamsbridge, Bronx Located in the sought-after Williamsbridge section of the Bronx, this exceptional 28-unit property offers strong cash flow, modern amenities, and long-term upside. Benefiting from a 421a Tax Abatement, this income-producing asset is ideal for savvy investors or a 1031 exchange. All units are fully electric—no gas—with tenants responsible for all utilities, minimizing operating costs. Each unit is equipped with individual hot water tanks (28 total), stainless steel appliances, and efficient Mitsubishi split-unit heating & cooling systems. A studio super’s unit is also included. Additional features include: Digital video intercoms in each unit Interior & exterior surveillance cameras 24 outdoor parking spaces Low operating expenses NOI: $705, 068 | Net Cap Rate: 6.1% This is a turn-key asset in a thriving Bronx neighborhood—perfect for portfolio expansion with minimal management headaches.
Basic Details
Commercial Sale
For Sale
L3593290
$10,800,000
$$
17,000 Sqft
2018
Active
1
Retail
Blue Key Real Estate Brokerage
Reginald Brannen
reggienbb@aol.com
Address Map
US
NY
Bronx County
New York
10469
W74° 9' 12.2''
N40° 52' 46.2''
By appt 48hr notice
R5
Additional Information
17000
28
2024-11-27
11500000
4
Financial
3698
Listing Information
161521
BLKE01
Active
2025-10-29T20:09:36Z
OneKey

Commercial Sale

3530 Mickle Avenue, Bronx, Ny 10469

17,000 Sqft
Visits : 0 in 697 days
$10,800,000
Listing ID #L3593290
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Agent info