446 East 149th Street
Multifamily | 6.97% CAP | 10 Units
Marketing description
446 East 149th Street is a rare opportunity to acquire a modern, income-producing mixed-use asset in one of the Bronx’s most active and transit-rich corridors. Built in 2010, this six-story elevator building features 10 residential units and a strong ground-floor retail component. All units are occupied.
The retail tenant pays over $11,000/month and covers 25% of real estate taxes, providing a stable income base and reduced expense burden. Following the expiration of the 421a tax abatement in January 2026, the property is now positioned for full market rent growth. As leases turn over, new ownership can significantly increase residential income.
Additional upside includes four storage units generating $2,400–$2,800/month. Tenants are drawn to modern features that include private balconies, elevator access, on-site laundry, and individually metered utilities.
Located in an Opportunity Zone, this high-performing asset with in-place income, immediate value-add potential, and long-term appreciation in a rapidly growing Bronx submarket.
Investment highlights
- Fully Occupied - 10 Residential Units + 1 Retail
- Retail Paying $11,000+/Month
- Retail Tenant Covers 25% of Real Estate Taxes
- 421a Expired (Jan 2026) – Mark-to-Market Opportunity
- Built 2010 | 12,539 SF | Elevator Building
- Individually Metered Units (Low Expenses)
- Private Balconies, Laundry, Basement Storage
- Additional Income: 4 Storage Units ($2.4K–$2.8K/Month Potential)
- Located in the Opportunity Zone
- Transit-Rich Bronx Location
Property Update:
The roof deck has been newly improved (see photos!) Enhanced both value and appeal for residents and investors alike.
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