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847 Castle Hill Ave 2,763 SF 82% Leased Retail Building Bronx, NY 10473 $1,300,000 ($470.50/SF)



Investment Highlights
- Fully vacant at closing, providing immediate flexibility for investors, owner-users, or 1031 exchange buyers to implement their business or leasing.
- Situated along the highly active Castle Hill commercial corridor, the property benefits from strong visibility & established neighborhood amenities.
- Mixed-use configuration featuring a street-level commercial storefront and three residential apartments, creating multiple income streams.
Executive Summary
847 Castle Hill Avenue presents a rare opportunity to acquire a fully vacant mixed-use asset in the heart of the bustling Castle Hill corridor. Situated on a 2,035 square foot lot and offering approximately 2,763 square feet of interior space, this well-maintained property is ideally positioned for investors, owner-users, or 1031 exchange buyers seeking immediate upside. The offering includes a highly visible ground-floor commercial storefront of approximately 500 square feet, perfectly suited for retail, office, or professional use, along with three residential units consisting of a first-floor two-bedroom apartment with direct access to a private fenced backyard, a second-floor two-bedroom apartment, and an additional second-floor one-bedroom apartment. Each residence features a full bathroom, generous natural light, and functional layouts, with select interiors enhanced by modern updates including shaker-style cabinetry. With two occupants currently in the process of vacating, the property will be delivered fully vacant at closing, allowing for immediate lease-up at market rents or seamless owner occupancy. A true value-add opportunity in one of the Bronx’s most active and established mixed-use corridors.
Property Facts
Sale Type
Investment or Owner User
Property Type
Retail
Property Subtype
Storefront Retail/Residential
Building Size
2,763 SF
Building Class
C
Year Built
1920
Price
$1,300,000
Price Per SF
$470.50
Percent Leased
82%
Building Height
1 Story
Building FAR
1.28
Lot Size
0.05 AC
Zoning
R3-2
Frontage
40’ on Castle Hill Avenue
Exceptionally walkable
100/100
Moderately drivable
60/100
Exceptional public transit
90/100
Fairly bikeable
50/100
Nearby Major Retailers
Property Taxes
| Parcel Number | 03685-0041 | Improvements Assessment | $49,458 |
| Land Assessment | $30,353 | Total Assessment | $79,811 |
Property Taxes
Parcel Number
03685-0041
Land Assessment
$30,353
Improvements Assessment
$49,458
Total Assessment
$79,811
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847 Castle Hill Ave

