Mixed-Use
Castle Hill Avenue Portfolio
1002 -1014 Castle Hill Ave, Bronx, NY 10472
Listing Price: $6,500,000
Investment Overview
Marcus & Millichap is pleased to present, on an exclusive basis, the sale of 1002 - 1014 Castle Hill Avenue in the Bronx, NY. This offering consists of three contiguous tax lots located along Castle Hill Avenue, situated between Bruckner Boulevard and Chatterton Avenue.
The portfolio includes one mixed-use building featuring seven rent-stabilized residential units above three ground floor retail spaces, a separate tax lot containing a 4,000 sq. ft. laundromat, and a third lot comprising eight retail stores.
The properties are sitting on an 18,000 SF lot, zoned R5 with a C1-2 commercial overlay.
Convenient transportation access is provided by the BX-22 and BX-M8 bus lines stopping at the property, while the Castle Hill Avenue Station for the 6 Train subway line is nearby.
The assets offer investors reliable cash flow with annual rent escalations, presenting an attractive investment opportunity.
Castle Hill Avenue Portfolio
Investment Highlights
- Excellent Location off the Bruckner Expressway
- First sale on the property in more than 40 years.
- Excellent mix of tenants
- Laundromat tenant is commited to the location until 2053 with steady rent increases every year
- Extra income from the cell tower with annual increases.
Exclusively Listed By
Financing By
Listing Price: $6,500,000
Investment Highlights
- Excellent Location off the Bruckner Expressway
- First sale on the property in more than 40 years.
- Excellent mix of tenants
- Laundromat tenant is commited to the location until 2053 with steady rent increases every year
- Extra income from the cell tower with annual increases.
Investment Overview
Marcus & Millichap is pleased to present, on an exclusive basis, the sale of 1002 - 1014 Castle Hill Avenue in the Bronx, NY. This offering consists of three contiguous tax lots located along Castle Hill Avenue, situated between Bruckner Boulevard and Chatterton Avenue. The portfolio includes one mixed-use building featuring seven rent-stabilized residential units above three ground floor retail spaces, a separate tax lot containing a 4,000 sq. ft. laundromat, and a third lot comprising eight retail stores. The properties are sitting on an 18,000 SF lot, zoned R5 with a C1-2 commercial overlay. Convenient transportation access is provided by the BX-22 and BX-M8 bus lines stopping at the property, while the Castle Hill Avenue Station for the 6 Train subway line is nearby. The assets offer investors reliable cash flow with annual rent escalations, presenting an attractive investment opportunity.
Exclusively Listed By
Financing By
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