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1103 Castle Hill Ave 3,588 SF 100% Leased Office Building Bronx, NY 10472 $1,400,000 ($390.19/SF) 7.15% Cap Rate
Investment Highlights
- Newly renovated mixed-use building in Unionport section of the Bronx
- This presents an ideal opportunity for an end user or investor to capitalize on immediate upside
- The property is situated on Castle Hill Avenue, just off the Cross Bronx Expressway
- The property is fully vacant and consists of two 3-bedroom units and one studio, all gut renovated
- Built in 1905, the building is 3,588 square feet and sits on 29 ft x 74 ft lot
- The building is a 7-minute walk to the Castle Hill Ave subway Station (6)
Executive Summary
Investment Property Realty Group (IPRG) has been exclusively retained to sell 1103 Castle Hill Avenue. The subject deal is a newly renovated mixed-use building in the Unionport section of the Bronx.
The property is fully vacant and consists of two 3-bedroom units and one studio, all gut renovated. This presents an ideal opportunity for an end user or investor to capitalize on immediate upside.
Built in 1905, the building is 3,588 square feet and sits on 29 ft x 74 ft lot. The property is situated on Castle Hill Avenue, just off the Cross Bronx Expressway. The building is a 7-minute walk to the Castle Hill Ave subway Station (6).
The property is fully vacant and consists of two 3-bedroom units and one studio, all gut renovated. This presents an ideal opportunity for an end user or investor to capitalize on immediate upside.
Built in 1905, the building is 3,588 square feet and sits on 29 ft x 74 ft lot. The property is situated on Castle Hill Avenue, just off the Cross Bronx Expressway. The building is a 7-minute walk to the Castle Hill Ave subway Station (6).
Property Facts
Sale Type
Investment
Property Type
Office
Property Subtype
Office/Residential
Building Size
3,588 SF
Building Class
C
Year Built/Renovated
1905/2025
Price
$1,400,000
Price Per SF
$390.19
Cap Rate
7.15%
NOI
$100,035
Percent Leased
100%
Building Height
3 Stories
Typical Floor Size
1,196 SF
Building FAR
1.65
Lot Size
0.05 AC
Zoning
R5
1 1
Walk Score®
Walker's Paradise (96)
Transit Score®
Excellent Transit (89)
Property Taxes
| Parcel Number | 03809-0047 | Improvements Assessment | $80,157 |
| Land Assessment | $34,043 | Total Assessment | $114,200 |
Property Taxes
Parcel Number
03809-0047
Land Assessment
$34,043
Improvements Assessment
$80,157
Total Assessment
$114,200
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1103 Castle Hill Ave
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