Map of Property

Matsia Properties Portfolio

1214 Wheeler Ave, Bronx, NY 10472

  • For Sale $94/SF
  • Property Type Mixed Use
  • Property Size 13,400 SF
  • Units 17
  • Lot Size 0.09 Acre
  • Cap Rate % 7.38
  • Zoning C4-2 / R6
  • # of Floors 5
  • Year Built 1913
  • Date Updated Aug 13, 2025

Seven-building (2 elevator, 5 walk-up) , 372-unit portfolio strategically located across the desirable Bronx neighborhoods of Soundview, Park Versailles, Mott Haven, and Mount Eden. Consists of 351 residential apartments and 21 commercial units. Shelter Rent Taxes (Article XI) at 0.65% of Gross Rent extending until 2047, providing a long-term, favorable tax structure. Additional tax benefits occur at five of the seven properties. Three properties (1801-1803 Archer Street, 1807-1809 Archer Street, and 1121 Elder Avenue) benefit from J-51 tax abatements. Additionally, two properties (1410 Morris Avenue and 526-32 Tinton Avenue) feature solar abatements, reflecting modern upgrades and potential savings. Professionally managed and well-maintained portfolio, ensuring smooth operations and preserving asset value for investors. Abundant transportation surrounding all seven buildings as the properties are located in close proximity to bus lines & 6/B/D subway lines. $29,000,000.00

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Attachments

Contacts

broker
Jason M. Gold

Ariel Property Advisors

broker
Victor Sozio

Ariel Property Advisors

broker
Shimon Shkury

Ariel Property Advisors

broker
Howard Raber

Ariel Property Advisors

broker
Gabriel Elyaszadeh

Ariel Property Advisors

Location

Getting Around

  • Walk Score ®

    91/100 Walker's Paradise

  • Transit Score ®

    97/100 Rider's Paradise

  • Bike Score ®

    81/100 Very Bikeable
Powered by Walk Score ®
  • City Bronx, NY
  • Neighborhood Park Versailles - Bronx River
  • Zip Code 10472
  • Market Bronx

Points of Interest

  • Morrison Avenue–Soundview

    0.28 miles

  • Southern Boulevard (exit only)

    0.85 miles

  • Intervale Avenue

    1.00 miles

  • Bronx Park East

    1.50 miles

  • Castle Hill Avenue SW Corner

    1.51 miles

  • Castle Hill Avenue NE Corner

    1.53 miles

  • Tremont

    1.61 miles

  • American Base No.1

    1.80 miles

  • 174th–175th Streets

    1.96 miles

  • East 143rd Street–Saint Mary’s Street

    2.05 miles

  • BP

    0.55 miles

  • Gulf

    0.87 miles

  • Mobil

    1.08 miles

  • Sunoco

    1.52 miles

  • Shell

    2.05 miles

  • Tesla Supercharger

    3.57 miles

  • plugNYC

    4.99 miles

  • ChargePoint

    5.26 miles

  • FLO

    5.82 miles

  • Little Man Parking

    0.71 miles

  • P & P Car Parking

    0.85 miles

  • Kelly Street Parking

    0.99 miles

  • Department of Sanitation District 6 Garage

    1.07 miles

  • Asia Parking

    1.23 miles

  • Chang Li Supermarket Inc.

    1.35 miles

  • Metropolis

    1.38 miles

  • Southern Boulevard Parking

    1.46 miles

  • Bronx River Parking

    1.70 miles

  • Fordham Regional Parking Facility

    2.08 miles

  • Super 8

    0.65 miles

  • Bronx Park Motel

    1.91 miles

  • Umbrella Hotel

    1.96 miles

  • Opera House Hotel

    2.11 miles

  • Residence Inn The Bronx

    2.43 miles

  • Hutchinson - Whitestone Motel

    2.50 miles

  • Best Western Plus

    2.70 miles

  • Holiday Inn Express

    2.74 miles

  • Rodeway Inn

    2.84 miles

  • Comfort Inn & Suites

    2.90 miles

  • Pabellon

    0.03 miles

  • El Molcajete

    0.05 miles

  • McDonald's

    0.11 miles

  • Kennedy Fried Chicken & Pizza

    0.27 miles

  • New Yankee Pizza

    0.27 miles

  • New Ranch Restaurant

    0.27 miles

  • Ricuras

    0.29 miles

  • Lucky Garden

    0.29 miles

  • Popeyes

    0.51 miles

  • White Castle

    0.54 miles

  • Bronx Coalition Community High School

    0.19 miles

  • Monroe High School

    0.20 miles

  • Monroe Academy for Visual Arts and Design

    0.20 miles

  • Monroe Academy for Business and Law

    0.21 miles

  • X550 High School of World Cultures

    0.21 miles

  • Bronx Little School

    0.22 miles

  • Fannie Lou Hamer Freedom High School

    0.34 miles

  • PS 152 The Evergreen

    0.36 miles

  • Public School 66 & Fannie Lou Hamer Middle School

    0.38 miles

  • Intermediate School 84

    0.38 miles

  • East Bronx NAACP Day Care Center

    0.21 miles

  • Mama Maria's Group Family Daycare

    1.30 miles

  • Prospect Family Support Center

    1.35 miles

  • Salvation Army: Bronx Citadel

    1.79 miles

  • Incarnation Children's Center

    3.12 miles

  • Heavens Tiny Tots

    3.66 miles

  • Kid Krazy

    3.72 miles

  • Children's Learning Company

    3.80 miles

  • Dorothy Day Early Childhood Center

    4.08 miles

  • Astoria Values

    4.22 miles

Frequently Asked Questions

How much does Matsia Properties Portfolio cost?

The space currently listed for sale at Matsia Properties Portfolio asks for $94/SF.

What is the total square footage of Matsia Properties Portfolio?

Matsia Properties Portfolio totals 13,400 square feet.

When was this property built?

Matsia Properties Portfolio was built in 1913.

Looking for more in-depth information on this property?

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