Multifamily
1053-1059 East Gun Hill Rd
1053-1059 E Gun Hill Rd, The Bronx, NY 10469
Listing Price: $2,200,000
Investment Overview
Marcus and Millichap is pleased to present 1053–1059 East Gun Hill Road (also known as 3507 Laconia Avenue), a corner mixed-use building located in the heart of the Williamsbridge neighborhood of the Bronx. Professionally managed for nearly two decades, the property features four ground-floor retail units and 17 residential apartments across 20,080 square feet. Additionally, the building offers investors an additional $31,250 of annual cash flow from a cell antenna currently leased by T-Mobile. Ideally positioned at the intersection of Laconia Avenue and East Gun Hill Road, 1053-1059 East Gun Hill is conveniently located near Gun Hill Road subway station (2/5 lines), and The New York Botanical Garden. ?
1053-1059 East Gun Hill Rd
Investment Highlights
- 21-unit corner walk-up composed of 17 one-bedroom apartments with an average monthly rent of $1,637. Additionally, the ground floor is made up of 4 retail units.
- This asset has been meticulously maintained & professionally managed for nearly 20 years. ?
- 3507 Laconia Avenue is just steps from the Gun Hill Road subway station (2/5 lines), providing direct access to Manhattan and the greater Bronx. ?
Listing Price: $2,200,000
Investment Highlights
- 21-unit corner walk-up composed of 17 one-bedroom apartments with an average monthly rent of $1,637. Additionally, the ground floor is made up of 4 retail units.
- This asset has been meticulously maintained & professionally managed for nearly 20 years. ?
- 3507 Laconia Avenue is just steps from the Gun Hill Road subway station (2/5 lines), providing direct access to Manhattan and the greater Bronx. ?
Investment Overview
Marcus and Millichap is pleased to present 1053–1059 East Gun Hill Road (also known as 3507 Laconia Avenue), a corner mixed-use building located in the heart of the Williamsbridge neighborhood of the Bronx. Professionally managed for nearly two decades, the property features four ground-floor retail units and 17 residential apartments across 20,080 square feet. Additionally, the building offers investors an additional $31,250 of annual cash flow from a cell antenna currently leased by T-Mobile. Ideally positioned at the intersection of Laconia Avenue and East Gun Hill Road, 1053-1059 East Gun Hill is conveniently located near Gun Hill Road subway station (2/5 lines), and The New York Botanical Garden. ?
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