1125 East Tremont Avenue

Parkchester   |   Devoe Avenue & Bronx Park Avenue

Building for sale
$ 1,495,000
Ownership Mixed Use
Lot Size 26'x112'
Floors/Apts 3/4
Status Active
Real Estate Taxes [Per Annum] $ 20,617
Building Type Townhouse
Building Size 21'x50'
Year Built 1800
ASF/ASM 5,250/488
Listing ID: 42482TH

Property Description

This recently renovated mix-use commercial/residential building in The Bronx offers an outstanding opportunity for business and investment use in the Eastern Bronx Van Nest neighborhood. Positioned on a 27-foot by 112-foot block-through lot, this property includes two commercial units, two residential units, and a double basement. The spacious storefront includes East Tremont frontage, a half-bathroom, central A/C and rear exit. Two large residential units offer floor-through layouts. The basement includes a utility room, boilers/heaters and a separate entrance. The rear warehouse at the back of the lot, off 179th Street, consists of an office, roomy basement, and a half-bathroom. Each of the residential tenants pay their own utilities, and the commercial units pay some of the taxes. The property’s extensive renovation included a new roof, windows, boiler, hot water tank, and storefront, plus new electrical and plumbing. With a low down payment and expenses, this affordable offering delivers great return on investment and multiple opportunities for running a business with additional rental income. Located in the developed, accessible Van Nest neighborhood, this building is surrounded by local shops and services, with the Bronx River Arts Center, Bronx Zoo and New York Botanical Garden all nearby. Transportation is effortless with 2 and 5 trains, excellent bus service, and the Cross Bronx Expressway and Bronx River Parkway within easy reach.
This recently renovated mix-use commercial/residential building in The Bronx offers an outstanding opportunity for business and investment use in the Eastern Bronx Van Nest neighborhood. Positioned on a 27-foot by 112-foot block-through lot, this property includes two commercial units, two residential units, and a double basement. The spacious storefront includes East Tremont frontage, a half-bathroom, central A/C and rear exit. Two large residential units offer floor-through layouts. The basement includes a utility room, boilers/heaters and a separate entrance. The rear warehouse at the back of the lot, off 179th Street, consists of an office, roomy basement, and a half-bathroom. Each of the residential tenants pay their own utilities, and the commercial units pay some of the taxes. The property’s extensive renovation included a new roof, windows, boiler, hot water tank, and storefront, plus new electrical and plumbing. With a low down payment and expenses, this affordable offering delivers great return on investment and multiple opportunities for running a business with additional rental income. Located in the developed, accessible Van Nest neighborhood, this building is surrounded by local shops and services, with the Bronx River Arts Center, Bronx Zoo and New York Botanical Garden all nearby. Transportation is effortless with 2 and 5 trains, excellent bus service, and the Cross Bronx Expressway and Bronx River Parkway within easy reach.

Listing Courtesy of Compass

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Apartment Features

A/C
1125 East Tremont Avenue Parkchester Bronx NY 10460

Building Details [1125 East Tremont Avenue]

Ownership Mixed Use
Service Level Voice Intercom
Access Walk-up
Block/Lot 4004/8
Building Size 21'x50'
Zoning M1-1
Building Type Townhouse
Year Built 1800
Floors/Apts 3/4
Lot Size 26'x112'

Mortgage Calculator in [US Dollars]

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Loan Amount

Klara Madlin

License

Licensed Real Estate Broker


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All information furnished regarding property for sale, rental or financing is from sources deemed reliable, but no warranty or representation is made as to the accuracy thereof and same is submitted subject to errors, omissions, change of price, rental or other conditions, prior sale, lease or financing or withdrawal without notice. All dimensions are approximate. For exact dimensions, you must hire your own architect or engineer.