NY > Bronx
Bronx, NY 10454,143 Lincoln AVE
Bronx, NY 10454,143 Lincoln AVE
Bronx, NY 10454,143 Lincoln AVE
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Alex Baron

Alex Baron

+1(718) 490-4523
$3,400,000
Est. payment /mo
0.29 Acres Lot
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UPDATED:

11/16/2024 07:26 AM

Key Details

Property Type Commercial

Sub Type Multi Family

Listing Status Active

Purchase Type For Sale

MLS Listing ID KEY800233

Originating Board onekey2

Rental Info No

Year Built 1910

Annual Tax Amount $86,920

Lot Size 0.287 Acres

Acres 0.287

Property Description

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.

Location

State NY

County Bronx County

Interior

Heating Oil

Cooling None

Fireplace No

Exterior

Utilities Available See Remarks

Building

Sewer Public Sewer

Water Public

Structure Type Brick

Others

Special Listing Condition Short Sale

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Listed by Keller Williams Realty NYC Grp
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"Known for our thorough market analysis and exceptional client service, we've built a reputation for professionalism and effective negotiation skills. Our strategic approach and dedication to client satisfaction have solidified our standing as a trusted advisor in the New York real estate community. "

+1(718) 490-4523

wesellhomes.pro@gmail.com

32-55 Francis Lewis Blvd, Flushing, NY, 11358, USA

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