Residential Income in New York

$1,551,000

924 Rev James Polite, 10459, New York, NY

Residential Income for sale in New York, 924 Rev James Polite, 10459

924 Rev James Polite, 10459, New York, NY

$1,551,000

5Bed
5Bath
Type: Residential Income

Description

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

924 Rev James Polite, 10459, New York, NY

Data

Object TypeResidential Income
Purchase Price$1,551,000
Living Space0 m²
Plot Size203.46 m²
Bathrooms5
Construction Year2005
ConditionNot specified
RoomsN/A

Energy Information

Heating TypeNatural Gas
Primary Energy SourceN/A
Construction Year2005
Energy CertificateN/A
Final Energy DemandN/A
Certificate Valid UntilN/A
Energy Efficiency ClassN/A

Contact Agent

Listing Agent