$ 3,400,000
143 Lincoln AVE Bronx, NY 10454
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REQUEST A TOUR If you would like to see this home without being there in person, select the "Virtual Tour" option and your agent will contact you to discuss available opportunities.
In-PersonVirtual Tour
$ 3,400,000
Est. payment /mo
Active
143 Lincoln AVE Bronx, NY 10454
0.29 Acres Lot
UPDATED:
11/16/2024 07:26 AM
Key Details
Property Type Commercial
Sub Type Multi Family
Listing Status Active
Purchase Type For Sale
MLS Listing ID KEY800233
Originating Board onekey2
Rental Info No
Year Built 1910
Annual Tax Amount $86,920
Lot Size 0.287 Acres
Acres 0.287
Property Description
Located in the vibrant Port Morris section of the Bronx, 143-153 Lincoln Avenue offers a prime investment opportunity with strong growth potential. This well-maintained property spans 12,500 sq. ft. and features six brick, 4-story walk-up buildings with 29 residential units and two commercial spaces. The residential units, a mix of 1- and 2-bedroom apartments, mostly occupied and in good condition, providing steady rental income. The commercial spaces are leased to thriving small businesses. The expansive lot also offers development potential, with preliminary studies suggesting up to 11 additional residential units and 1 commercial space could be built. Just one block from the 3rd Avenue Bridge, the property offers easy access to Manhattan and major highways, with the surrounding neighborhood undergoing growth and revitalization. This property is an ideal opportunity for investors seeking both immediate cash flow and long-term value appreciation.
Location
State NY
County Bronx County
Interior
Heating Oil
Cooling None
Fireplace No
Exterior
Utilities Available See Remarks
Building
Sewer Public Sewer
Water Public
Structure Type Brick
Others
Special Listing Condition Short Sale
Listed by Keller Williams Realty NYC Grp