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28826079
28826070

701 E 175th St, Bronx, NY 10457

JB
10401394092
$6,000,000
180 days on market
Updated 180 days ago

Prime Mix-Use FOR SALE

Details
Property Type Multifamily
Sub Type Single Family Rental Portfolio
Square Footage 15,070
Units 20
Cap Rate 6.67%
NOI $400,000
Occupancy 100%
Price per SqFt $398
Year Built 1931
Buildings 1
Stories 6
Lot Size (SqFt) 3,510
Zoning R7-1
Investment Type Stabilized
Ground Lease Yes

Multifamily | 20 Units | $300,000/unit

Marketing description

701 E 175th Street – Prime Corner Mixed-Use Investment in Crotona Park East

701 E 175th Street is a six-story, mixed-use multifamily building prominently situated on a prime corner lot in the heart of the Crotona Park East neighborhood of the Bronx. Built in 1931, this pre-war walk-up property blends timeless architectural character with strong investment fundamentals, featuring 20 residential units and 4 fully leased ground-floor retail spaces.

Encompassing approximately 15,070 square feet of gross living area on a 3,510-square-foot lot, the property lies within an R7-1 zoning district, offering both reliable in-place income and attractive long-term redevelopment potential.

All four commercial units are fully occupied, collectively generating $16,500 per month in rent, creating a stable and diversified income stream that complements the residential component.

Perfectly positioned near Crotona Park, major subway lines, schools, and bustling neighborhood retail, 701 E 175th Street provides exceptional access and convenience for tenants—an increasingly desirable feature in one of the Bronx’s most active and resilient submarkets.

This asset presents investors with consistent cash flow, strong in-place tenancy, and meaningful value-add potential through strategic renovations, rent optimization, or future redevelopment—making it an outstanding opportunity to own a high-performing corner property in a thriving Bronx neighborhood.

Investment highlights

701 E 175th Street – Prime Corner Mixed-Use Investment in Crotona Park East

701 E 175th Street is a six-story, mixed-use multifamily building prominently situated on a prime corner lot in the heart of the Crotona Park East neighborhood of the Bronx. Built in 1931, this pre-war walk-up property blends timeless architectural character with strong investment fundamentals, featuring 20 residential units and 4 fully leased ground-floor retail spaces.

Encompassing approximately 15,070 square feet of gross living area on a 3,510-square-foot lot, the property lies within an R7-1 zoning district, offering both reliable in-place income and attractive long-term redevelopment potential.

All four commercial units are fully occupied, collectively generating $16,500 per month in rent, creating a stable and diversified income stream that complements the residential component.

Perfectly positioned near Crotona Park, major subway lines, schools, and bustling neighborhood retail, 701 E 175th Street provides exceptional access and convenience for tenants—an increasingly desirable feature in one of the Bronx’s most active and resilient submarkets.

This asset presents investors with consistent cash flow, strong in-place tenancy, and meaningful value-add potential through strategic renovations, rent optimization, or future redevelopment—making it an outstanding opportunity to own a high-performing corner property in a thriving Bronx neighborhood.

Listing Contacts

JB
10401394092

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Loan Amount
$0.00
Annual Debt Service
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Annual Cash Flow
$400,000.00
$33,333.33/mo

Valuation Metrics

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DSCR
6.67%
Cap Rate
6.67%
ROI

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