3530 Mickle Avenue, Bronx, NY 10469
- $10,800,000
- List Price
- $10,800,000
- Price Change
- ▼ $700,000 1756335154
- Days on Market
- 610
- MLS#
- L3593290
- Status
- ACTIVE
- Lot Size
- 17000
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.
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Additional Information
- Year Built
- 2018
- Stories
- 4
- Total Taxes
- 3698
- Heating
- Electric, ENERGY STAR Qualified Equipment
- Parking Spaces
- 24
- Taxes
- $3,698
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Listing courtesy of Listing Agent: Reginald Brannen (reggienbb@aol.com) from Listing Office: Blue Key Real Estate Brokerage.
Listings courtesy of OneKey® MLS as distributed by MLS GRID. Based on information submitted to the MLS GRID as of . All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.