Listed by Kassin Sabbagh Realty, KSR Kassin Sabbagh Realty
$2,500,000
333 East 149th Street
Details
Property Type Mixed Use
Square Footage 4,375
Units 3
NOI $119,420
Stories 3
Zoning C4-4
Mixed Use | 4,375 SqFt
Marketing description
Kassin Sabbagh Realty (KSR) has been retained to facilitate the sale of a prime investment opportunity located at 333 E 149th St in the Melrose section of the South Bronx. This three-story, mixed-use, walk-up building is situated in a major retail and medical corridor, directly across from Starbucks and Wendy’s. It is one block from the HUB, a major transit hub with access to the #2 and #5 subway lines, offering convenient public transportation options. The property features a gas line in place and is within walking distance of Lincoln Medical Center. The building sits on a 25 x 80-foot lot, with a total building size of 4,375 square feet.
Melrose is a residential neighborhood located about ten miles from Manhattan and benefits from a variety of transportation options, including the MTA Regional Bus, the subway, and the Metro-North Railroad at the nearby Melrose Station. Additionally, the area is well-connected to the greater New York City region through Interstate 87. The Melrose neighborhood offers a mix of businesses, stores, and eateries, especially between Courtland Avenue and Brook Avenue. It also features numerous green spaces, such as playgrounds, fields, and courts, making it a vibrant and diverse community.
Investment highlights
- Building Dimensions 25' x 75' (1st floor) 25' x 50' (2nd & 3rd floors)
- Max Buildable 3.44
- Existing FAR | Max FAR & Air Rights 2.19 | 2.19/3.44
- Frontage 25'
Listing Contacts
Listed by Kassin Sabbagh Realty, KSR Kassin Sabbagh Realty
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Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$119,420.00
$9,951.67/mo
Valuation Metrics
0
DSCR
4.78%
Cap Rate
4.78%
ROI
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