128 Alexander Avenue
Mixed Use | 8.43% CAP | 5,489 SqFt
Marketing description
RIPCO Real Estate has been retained on an exclusive basis to arrange for the sale of 128 Alexander Avenue in Mott Haven, Bronx, NY . The asset is currently delivered fully vacant, presenting a compelling value-add opportunity through lease-up of both the residential and commercial components at market rents. Zoning is M1-2 and R6A, offering long-term flexibility in a neighborhood experiencing continued commercial and residential demand driven by proximity to the Bruckner Expressway, Major Deegan Expressway, and the South Bronx waterfront.
Investment highlights
Fully Vacant Mixed-Use Asset | Delivered vacant, allowing an investor to immediately execute a lease-up strategy
Attractive Income Potential | Projected stabilized gross income of approx. $183,000 annually
Strong Unit Mix and Rent Profile | Three residential two-bedroom units and a ground floor commercial unit
Favorable Tax Classification | Tax Class 2A protected
Mott Haven Location | Positioned in a growing South Bronx submarket - with access to major roadways and continued investment and development activity
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