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701 E 175th St
Bronx, NY 10457
Prime 6-Story Multifamily Investment · Multifamily Property For Sale
·
24 Units
INVESTMENT HIGHLIGHTS
- Well-Maintained 6-Story Multifamily Building in a strong, established residential pocket of the Bronx.
- Prewar Construction (1931) with strong structural bones and classic architectural character.
- Near Key Transportation Routes, offering access to multiple bus lines and nearby subway stations for seamless travel into Manhattan and the rest of NY
- Approx. 15,070 Total Building Sq Ft, providing a solid average unit size around 750 SF.
- High-Demand Rental Market with consistent tenant occupancy driven by proximity to transit, schools, and major Bronx employers.
- Growing Neighborhood with new community investments, retail, and residential development increasing long-term value.
EXECUTIVE SUMMARY
701 E 175th Street – Prime Corner Mixed-Use Investment in Crotona Park East
701 E 175th Street is a six-story, mixed-use multifamily building prominently situated on a prime corner lot in the heart of the Crotona Park East neighborhood of the Bronx. Built in 1931, this pre-war walk-up property blends timeless architectural character with strong investment fundamentals, featuring 20 residential units and 4 fully leased ground-floor retail spaces.
Encompassing approximately 15,070 square feet of gross living area on a 3,510-square-foot lot, the property lies within an R7-1 zoning district, offering both reliable in-place income and attractive long-term redevelopment potential.
All four commercial units are fully occupied, collectively generating $16,500 per month in rent, creating a stable and diversified income stream that complements the residential component.
Perfectly positioned near Crotona Park, major subway lines, schools, and bustling neighborhood retail, 701 E 175th Street provides exceptional access and convenience for tenants—an increasingly desirable feature in one of the Bronx’s most active and resilient submarkets.
This asset presents investors with consistent cash flow, strong in-place tenancy, and meaningful value-add potential through strategic renovations, rent optimization, or future redevelopment—making it an outstanding opportunity to own a high-performing corner property in a thriving Bronx neighborhood.
701 E 175th Street is a six-story, mixed-use multifamily building prominently situated on a prime corner lot in the heart of the Crotona Park East neighborhood of the Bronx. Built in 1931, this pre-war walk-up property blends timeless architectural character with strong investment fundamentals, featuring 20 residential units and 4 fully leased ground-floor retail spaces.
Encompassing approximately 15,070 square feet of gross living area on a 3,510-square-foot lot, the property lies within an R7-1 zoning district, offering both reliable in-place income and attractive long-term redevelopment potential.
All four commercial units are fully occupied, collectively generating $16,500 per month in rent, creating a stable and diversified income stream that complements the residential component.
Perfectly positioned near Crotona Park, major subway lines, schools, and bustling neighborhood retail, 701 E 175th Street provides exceptional access and convenience for tenants—an increasingly desirable feature in one of the Bronx’s most active and resilient submarkets.
This asset presents investors with consistent cash flow, strong in-place tenancy, and meaningful value-add potential through strategic renovations, rent optimization, or future redevelopment—making it an outstanding opportunity to own a high-performing corner property in a thriving Bronx neighborhood.
PROPERTY FACTS
AMENITIES
UNIT AMENITIES
- Air Conditioning
- Dishwasher
- Microwave
- Heating
- Kitchen
- Refrigerator
- Oven
- Tub/Shower
- Freezer
SITE AMENITIES
- 24 Hour Access
- Controlled Access
- Tenant Controlled HVAC
- Public Transportation
- Walk-Up
- Smoke Detector
UNIT MIX INFORMATION
| DESCRIPTION | NO. UNITS | AVG. RENT/MO | SF |
|---|---|---|---|
| 2+1 | 20 | - | 754 |
PROPERTY TAXES
| Parcel Number | 02949-0039 | Improvements Assessment | $518,130 |
| Land Assessment | $47,250 | Total Assessment | $565,380 |
PROPERTY TAXES
Parcel Number
02949-0039
Land Assessment
$47,250
Improvements Assessment
$518,130
Total Assessment
$565,380
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