Two Building Mott Haven Package

Bronx, NY

For Sale

$6,500,000

OVERVIEW

LOCATION:
Mott Haven, Bronx, NY 10454

Neighborhood: Mott Haven

Asset Type: Mixed Use

Square Feet: 18,165

# of Buildings: 2

Residential Units: 15

Commercial Units: 2

 

Description

Besen and Associates, as exclusive agent for Ownership, is pleased to offer for sale 338 East 139th Street & 473 Willis Avenue (the “Properties”); two newly constructed walkup buildings located in the Mott Haven neighborhood of the Bronx. The Properties total 18,165± SF and have relatively low taxes due to the 421A tax abatement program until 2035. Landlord is not responsible for heating (gas) costs and both buildings are fully-sprinklered. Buildings can be purchased separately.

 

338 East 139th Street, Bronx, NY 10454

Built in 2008, this 4‐story walkup building with 6 large two-bedroom and 2 two-bedroom consists of 8,702± SF and is located between Alexander & Willis Avenues, just one block from the 138th Street Station on the [6] train. The building is fully sprinklered.

 

473 Willis Avenue, Bronx, NY 10455

Newly built in 2012, this 4-story mixed-use walkup corner building with 7 apartments and 2 stores consists of 9,463± SF and is located on the Northwest corner of East 146th Street and Willis Avenue, just blocks from the Third Avenue – 149th Street  Station on the [2, 5] trains. The building is fully sprinklered.

 

 

Nearby Transportation

The Properties are located in the heart of Mott Haven and within walking distance of the 2,5,6 subway stations at Third Avenue, as well as numerous MTA bus lines including the Bx15, Bx2, Bx21, and the Bx33, providing direct access into Manhattan. The well-maintained buildings and below market rents provide minimal capital improvement requirements and significant upside upon unit rollover.