Mott Haven Mixed-Use| 20 Apartments & 5 Commercial
Mixed-Use Corner Asset in Prime Mott Haven: 20 residential units + 5 commercial retail spaces offering scale and stability in the South Bronx’s premier submarket.
Comprehensive 2003 Modernization: Updated mechanical systems, common areas, and units, reducing immediate capital expenditure requirements.
Immediate Revenue Upside: Mark-to-market commercial upside across the 5 retail spaces to capture rising neighborhood rents, paired with near-term residential income growth through the realization of legal regulated rents over current preferential rates.
Mott Haven Growth Corridor: Positioned within an appreciating submarket driven by institutional investment and rising neighborhood density.
Exceptional Transit Access: Located 0.0 miles from the Brook Ave 6 Train, under 0.7 miles from the 4, 5, and 2 lines, with the Bx33 bus at the front door.
Key Property Information
| Listing Status: | Available |
|---|---|
| Property Types: | Apartment Buildings |
| Price: | $4,450,000 |
| No. of Units: | 24 |
| Cap Rate: | 9.5% |
| Year Built: | 1910 |
| Building Size: | 18,640 Sq ft |
| Lot Size: | -0.90 Acres |
| No. of Stories: | 4 |
| Opportunity Zone: | No |
| Price per unit: | $185,417 |
Additional contacts
| Full name | Phone number | Email address |
|---|---|---|
| Lev Mavashev | (212) 658-0979 | [email protected] |
| Yehuda Leser | (212) 658-0826 | [email protected] |
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