- For Sale $3,750,000
- Property Type Multi-Family
- Property Size 12,539 SF
- Units 10
- Lot Size 0.06 Acre
- Cap Rate % 7.14
- Rental Income / YR $348,198.80
- NOI / YR $257,115.00
- Taxes / YR $42,623.00
- # of Floors 6
- Average Floor Size 1,000 SF
- Property Tenancy Multi-Tenant
- Year Built 2010
- Date Updated Jan 26, 2026
Description
Discover a rare opportunity to own a fully occupied 10-unit apartment and 1-unit commercial store building in a vibrant and highly accessible location. Built in 2010, this modern mid-rise spans 12,539 square feet across six stories on a compact 0.06-acre lot. Designated as a Building Class B property and located in an Opportunity Zone, it offers significant tax benefits 421a expires in 2026 and long-term growth potential for investors.
Prime Location with Exceptional Scores
The property’s location delivers unparalleled convenience to residents and commercial tenants alike, boasting remarkable scores:
- Walk Score®: 95 (Walker’s Paradise)
- Transit Score®: 100 (Rider’s Paradise)
- Bike Score®: 79 (Very Bikeable)
Situated near shops, restaurants, public transportation, and bike-friendly infrastructure, this property provides tenants with seamless access to essential services and leisure options.
Premium Residential Features
This property offers ten thoughtfully designed residential units featuring:
- Air conditioning
- Private balconies
- Hardwood floors
- Wheelchair accessibility
- Basement storage
Each unit is independently metered, with tenants paying for their own gas cooking and electric hot water, which minimizes the owner’s operating expenses. The building also includes on-site laundry facilities and an elevator, ensuring a comfortable and convenient living experience.
Additional Revenue Streams
The property generates diverse income, including:
- Five Rentable Storage Rooms: Available, offering additional monthly revenue.
- Commercial Space: A highly desirable ground-floor unit leased for $11,000 per month, with the tenant also covering 25% of the real estate tax. This space is equipped with its own basement storage and four walk-in refrigerators, adding significant stability and value to the investment.
Financial Highlights
Fully leased, this property guarantees immediate cash flow and presents an outstanding opportunity for investors seeking a reliable and diversified income stream. Its prime location, modern amenities, and placement in an Opportunity Zone offer further advantages for long-term growth and financial success.
Don’t miss out on this rare chance to secure a stable, high-performing asset in a thriving market. Contact us today to schedule a viewing and learn more about this exceptional investment opportunity!
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Contacts
The Lion Real Estate
CEO/Founder
Location
Located at 446 E 149th St, Bronx, NY 10455, this property is part of the Mott Haven neighborhood and Bronx market.
The Lion Real Estate
CEO/Founder