3160 Webster Ave The Bronx, NY 10467

This exceptional mixed-use property in the Bronx, NY, presents a compelling investment opportunity. The 10-story, 79,752 square foot building, constructed in 2015, comprises a 61-unit apartment building (9 studios, 19 one-bedrooms, 22 two-bedrooms, and 9 three-bedrooms) and a separate commercial condominium. The residential component benefits from a 420C tax exemption expiring in 2049 and features approximately $5.12 million in assumable financing at a 4.71% interest rate, also expiring in 2049. The commercial condominium, encompassing 10,000 usable square feet, is currently leased to a medical tenant under a NNN lease structure until 2038, with three five-year renewal options. This portion benefits from an ICAP tax abatement expiring in 2043 and includes approximately $5.275 million in assumable financing at a 5.5% interest rate, expiring in November 2025. The property sits on an 11,631 square foot lot at 3160 Webster Avenue, boasting 100 feet of frontage and is zoned R7D/C2-4 (Inclusionary Housing Zone). The building's strong NOI of $866,411 makes it an attractive addition to any portfolio. This is a rare opportunity to acquire a well-positioned, income-generating asset with significant upside potential in a rapidly developing area of The Bronx.