143 Lincoln Avenue, Bronx, New York, United States, 10454

2,600,000
Pending
12,500

About the property:

Located in the vibrant Port Morris section of the Bronx, 143-153 Lincoln Avenue offers a prime investment opportunity with strong growth potential. This well-maintained property spans 12,500 sq. ft. and features six brick, 4-story walk-up buildings with 29 residential units and two commercial spaces. The residential units, a mix of 1- and 2-bedroom apartments, mostly occupied and in good condition, providing steady rental income. The commercial spaces are leased to thriving small businesses. The expansive lot also offers development potential, with preliminary studies suggesting up to 11 additional residential units and 1 commercial space could be built. Just one block from the 3rd Avenue Bridge, the property offers easy access to Manhattan and major highways, with the surrounding neighborhood undergoing growth and revitalization. This property is an ideal opportunity for investors seeking both immediate cash flow and long-term value appreciation.
Property Type:
MULTI FAMILY
Status:
Pending
House Style:
Other
Acres:
0.287
Square Feet:
23800
Heating Type:
0
Directions:
MOTT HAVEN Section: From Third Ave. all the way to where it meets up with Morris Ave. make a slight left onto Lincoln Ave. (Between E. 135th St. and E. 134th St.)
Is Investment:
Yes
Is Mix:
Yes
Is Other:
Yes
Annual Property Taxes:
86,920
Listing ID:
800233

Rooms

Dimensions

Brokered by:
Keller Williams Realty, Nyc Grp
Presented By:

Anthony Omoruan

Sales Representative

Keller Williams Realty, NYC Grp