1. New York
  2. Bronx
  3. 3530 Mickle Avenue
$11,500,000

3530 Mickle Avenue, Bronx, NY 10469

  • 17,000 sqft
  • Property Icon Commercial Property
  • Property Year Built Icon Built in 2018
  • Property Lot Size Icon0.39acre lot
  • Property Parking Icon —— car garage
  • Property Price Per Square Feet Icon $676/sqft
  • Property List Date Icon Listed 7 months ago

Property Description

Prime 28-Unit Investment Opportunity in Williamsbridge, Bronx Located in the sought-after Williamsbridge section of the Bronx, this exceptional 28-unit property offers strong cash flow, modern amenities, and long-term upside. Benefiting from a 421a Tax Abatement, this income-producing asset is ideal for savvy investors or a 1031 exchange. All units are fully electric—no gas—with tenants responsible for all utilities, minimizing operating costs. Each unit is equipped with individual hot water tanks (28 total), stainless steel appliances, and efficient Mitsubishi split-unit heating & cooling systems. A studio super’s unit is also included. Additional features include: Digital video intercoms in each unit Interior & exterior surveillance cameras 24 outdoor parking spaces Low operating expenses NOI: $705,068 | Net Cap Rate: 6.1% This is a turn-key asset in a thriving Bronx neighborhood—perfect for portfolio expansion with minimal management headaches.

Listing Status:
Active
Listing Office:
Blue Key Real Estate Brokerage : 718-921-2280
MLS ID:
L3593290
  • General: Smart Thermostat
  • Heating: ElectricENERGY STAR Qualified Equipment

This listing courtesy of Blue Key Real Estate Brokerage

Monthly Payment

$Est. Payment
  • Principal & Interest $
  • Property Taxes $
  • Home Insurance $
  • VA Funding Fee $

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