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128 Alexander Ave
Bronx, NY 10454
Retail Property For Sale
Investment Highlights
- Delivered vacant, allowing an investor to immediately execute a lease-up strategy
- Three residential two-bedroom units and a ground floor commercial unit
- Mott Haven Location Positioned in a growing South Bronx submarket - with access to major roadways and continued investment activity
- Projected stabilized gross income of approx. $183,000 annually
- Tax Class 2A protected
Executive Summary
The asset is currently delivered fully vacant, presenting a compelling value-add opportunity through lease-up of both the residential and commercial components at market rents. Zoning is M1-2 and R6A, offering long-term flexibility in a neighborhood experiencing continued commercial and residential demand driven by proximity to the Bruckner Expressway, Major Deegan Expressway, and the South Bronx waterfront.
Property Facts
Sale Type
Investment
Property Type
Retail
Property Subtype
Storefront Retail/Residential
Building Size
5,489 SF
Building Class
C
Year Built
1915
Price
$1,950,000
Price Per SF
$355.26
Cap Rate
6.91%
NOI
$134,745
Percent Leased
100%
Tenancy
Multiple
Building Height
4 Stories
Building FAR
3.15
Lot Size
0.04 AC
Opportunity Zone
Yes
Zoning
M1-2R6
Frontage
21’ on Alexander Avenue
Amenities
- 24 Hour Access
- Commuter Rail
- Accent Lighting
- Air Conditioning
Property Taxes
| Parcel Number | 02296-0102 | Improvements Assessment | $38,747 |
| Land Assessment | $14,645 | Total Assessment | $53,392 |
Property Taxes
Parcel Number
02296-0102
Land Assessment
$14,645
Improvements Assessment
$38,747
Total Assessment
$53,392
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