Listed by Classic Realty Partners Inc.
$2,450,000
1450 E Gun Hill Rd
Details
Property Type Mixed Use, Retail
Sub Type Convenience Store, Pharmacy/Drug
Units 13
Cap Rate 8.67%
Occupancy 100%
Pro-Forma Cap Rate 8.56%
Pro-Forma NOI $209,732
Year Built 1936
Buildings 1
Stories 4
Acreage 0.160
Zoning R6B, C2-3
Parking Spaces 6 spaces
Mixed Use | 8.67% CAP
Marketing description
Prime Mixed-Use Investment Opportunity in Pelham Gardens, Bronx For Sale: 1450 E Gun Hill Rd, Bronx, NY 10469 – a high-income-producing mixed-use property in the heart of Pelham Gardens. This four-story corner building features 9 residential apartments, 3 retail storefronts, 1 office, a social club, and 6 garage spaces with additional storage. With 13,533 SF of space, 53.5’ of frontage, and zoning of R6B, C2-3, this asset offers both stability and growth potential.
Investment Highlights:
- Cap Rate: 8.67%
- GRM: 6.88x
- High-Demand Location: Just 2 blocks from the Gun Hill Rd (5 Train) Station
- Diverse Tenant Mix: Long-term residential and commercial tenants with upside potential
A rare opportunity to acquire a well-positioned, turnkey investment in a thriving neighborhood!
Listing Contacts
Listed by Classic Realty Partners Inc.
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Zoning
R6B ResidentialMulti FamilyGeneral Residence
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View all 99 uses Last updated Apr 22, 2026 For deeper zoning details, reports are available at Zoneomics
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