536 East 138th Street 536 East 138Th Street 9 Unit Apartment Building $2,000,000 ($222,222/Unit) New York, NY 10454

An exceptional opportunity to acquire a high-potential mixed-use investment property in the heart of the Bronx. Located at 536 East 138th Street, this solid income-producing building consists of 8 residential apartments and 1 ground-floor retail store, providing diversified revenue and long-term upside in a growing corridor.
The residential component features eight fully occupied 3-bedroom apartments, with current rents ranging from $1,140 to $1,600. The ground-floor store generates $6,700 per month plus water, adding a strong commercial income stream. All residential leases expire in December, offering investors near-term flexibility to reposition rents and enhance cash flow.
The property is equipped with a gas boiler and reports an annual rent roll of approximately $250,000. Operating expenses include taxes of $16,235, water at $13,000, and insurance of $18,800, making this a compelling opportunity for both value-add and long-term hold investors.
With solid in-place income, multiple revenue streams, and significant upside potential, this asset represents a rare chance to secure a prime Bronx investment. Sold as is.