For Sale
$4,300,000

446 149Th St The Bronx, NY 10455

11-Unit Apartment Building, High Returns

Overview

Added:
Dec 11, 2024
Days on market:
132
This exceptional investment opportunity presents a fully occupied, eleven-unit apartment building in The Bronx, New York. Constructed in 2010, this six-story Class B building boasts 12,539 square feet on a 0.06-acre lot, zoned C4-4. The property features eleven well-designed residential units, each equipped with air conditioning, private balconies, hardwood floors, and wheelchair accessibility. Independent meters for gas cooking and electric hot water minimize operating expenses. Resident amenities include on-site laundry facilities and elevator access. Five rentable storage rooms and a shared laundry area in the basement provide additional income streams. A highly desirable ground-floor commercial space, currently leased for $11,000 per month plus 25% of real estate taxes, includes basement storage and four walk-in refrigerators. This space significantly enhances the property's value and income stability. The building's prime location offers exceptional accessibility, with Walk Score of 95, Transit Score of 100, and Bike Score of 79. This fully leased multi-income property guarantees immediate cash flow and offers significant long-term growth potential, particularly given its location in an Opportunity Zone. The asking price is $4,300,000.

Highlights

  • Ten well-appointed residential units with A/C, private balconies, hardwood floors, and wheelchair accessibility, plus basement storage.
  • Independently metered units; tenants pay gas & electric, minimizing operating costs.
  • On-site laundry and elevator enhance tenant satisfaction and retention.
  • Five rentable storage units and a shared laundry area generate additional income.
  • Ground-floor commercial space leased at $11,000/month, plus 25% of real estate taxes, includes basement storage and four walk-in refrigerators.
  • Fully leased, providing immediate cash flow and diversified income streams.

Property Details for 446 149Th St

Property type
Apartment buildings
Square Feet
12,539 SF
Class
B
Year Built
2010
Buildings
1
Stories
6
Lot Size (sq. ft)
2,614 SF
Units
11

Location Insight

City
The Bronx
County
Bronx
State
New York
Latitude
40.81523269
Longitude
-73.91561884

FAQs

What type of property is this?
Apartment building - 11-Unit Apartment Building, High Returns
Where is the apartment building located?
The property is located at 446 149Th St The Bronx, NY.
What is the asking price?
The asking price for this property is $4,300,000.
What are key features of this property?
This property features: Ten well-appointed residential units with A/C, private balconies, hardwood floors, and wheelchair accessibility, plus basement storage.; Independently metered units; tenants pay gas & electric, minimizing operating costs.; On-site laundry and elevator enhance tenant satisfaction and retention.
How can I contact the broker?
We strongly encourage to message the broker through our portal by clicking on the “Envelope” icon next to the brokers photo on the property page. We’ve found brokers response time is much quicker via our messaging portal than phone as brokers are always on the go.
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446 149Th St
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