924 Rev James A Polite Ave, Bronx, NY, 10459
Property Details
multi family
Description
Multi Family in Bronx, NY - Bedrooms: 0 - Bathrooms: 0 - Area: N/A - Year Built: 2005 - Lot: 2191 sqft
Brokerage: EXP Realty
Excellent mixed-use investment opportunity in the South Bronx. This fully occupied property features three residential units and one commercial space, offering strong and consistent income. Based on current rents, the property generates approximately $12,500/month ($155,000 annually), with an estimated NOI of ~$122,289. This supports an approximate 7.5% return at current pricing, with additional upside potential from on-site advertising income. Ideal for investors seeking a turnkey asset with multiple income streams and long-term growth. Low operating expenses, including a favorable tax structure, further enhance the overall return profile. Conveniently located near transportation, shopping, and major thoroughfares, making it attractive for both residential and commercial tenants. All income, expense, and return figures are approximate and should be independently verified.
Location
Address
924 Rev James A Polite Ave, Bronx, NY, 10459
City
Bronx
Features and Finishes
Bedrooms: 0, First Floor Bedroom, Cooling Features: Wall/Window Unit(s), Heating Features: Natural Gas, Lot Size Acres: 0.0503, Lot Size Square Feet: 2190, Elementary School: Urban Scholars Community School, Elementary School District: Bronx 12, High School: Metropolitan High School (The), High School District: Bronx 12, Middle School: School Of Performing Arts, School District: Bronx 12, Middle or Junior School District: Bronx 12, Gross Income: 150000, Number of Units: 4, Annual Tax Amount: 1547, Tax Block: 2698, Source Listing Status: Active, County: Bronx County, Cross Street: Westchester Ave, Tax Year: 2025, Source Property Type: Residential Income, Parcel Number: 02698-0080, Postal City: Bronx, Property Subtype: Triplex, Operating Expense: 27711, Year Built: 2005, Building Area Total: 9570, Construction Materials: Brick, Property Age: 21, Property Attached: Yes, Sewer: Public Sewer, Electricity Connected, Natural Gas Connected, Water Connected, Water Source: Public, rental propert
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