Bronx Multifamily Investment
For Sale
$2,600,000
Pending
143 Lincoln Avenue, Bronx, NY 10454
MULTI_FAMILY - Bronx, NY
Property Size12,500 SF
Lot Size0.29 Acres
Days on Market637
Property Features for 143 Lincoln Avenue
General Information
Property type
Residential Multi Family
Property subtype
Other
Directions
MOTT HAVEN Section: From Third Ave. all the way to where it meets up with Morris Ave. make a slight left onto Lincoln Ave. (Between E. 135th St. and E. 134th St.)
Special listing conditions
Short Sale
Standard status
Pending
APN
02317-0043
Size
12,500 SF
Lot size
0.29 Acres
Taxes and HOA fees
Tax Year
2024
Tax Annual Amount
86920
Utilities
Sewer type
Public Sewer
Heating system
Oil
Water source
Public
Building Details
Year built
1910
Number of units
29
Building materials
Brick
Listing Agency:
Keller Williams Realty NYC Grp
(718) 697-6800
Listed By:
Emmanuel Heredia
(347) 691-7607
Added: Nov 13, 2024
Changed: May 12
Last Checked: Aug 12 at 10:06AM
MLS# 800233
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Investment Insights
Based on property information with market context.
Located in the Port Morris section of the Bronx, the property at 143-153 Lincoln Avenue presents an investment opportunity with growth potential. The property spans 12,500 sq. ft. and includes six brick, 4-story walk-up buildings. There are 29 residential units, consisting of a mix of 1- and 2-bedroom apartments, mostly occupied and in good condition, providing rental income. Two commercial spaces are leased to small businesses. The lot size is 0.287 acres. Preliminary studies suggest development potential for up to 11 additional residential units and 1 commercial space. Situated one block from the 3rd Avenue Bridge, the property provides access to Manhattan and major highways. The surrounding neighborhood is undergoing growth and revitalization, making this property suitable for investors seeking both immediate cash flow and long-term value appreciation.
Key Highlights
- Prime investment opportunity in the rapidly growing Port Morris section of the Bronx.
- Steady rental income from 29 residential units (mix of 1- and 2‑bedroom apartments) and two commercial spaces.
- Development potential to add up to 11 residential units and 1 commercial space.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
5,370
Businesses Nearby
Explore this area
Business Placement
Demographics for 10454, NY
40,232
Population
15,397
Households
2.6
Avg Household Size
33
Median Age
14%
College-Educated
62%
High-School Grad
1.1 sq mi
ZIP Area
36,575
Density / Sq Mi
$27,500
Median Household Income
$31,243
Median Earnings
$1,064
Median Rent
$780,800
Median Home Value
Market
Vacancy Rate% for Multifamily in Northeast region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Apartment building - Well-maintained property with 29 residential units and two commercial spaces.
Where is this apartment building located?
The property is located at 143 Lincoln Avenue Bronx, NY.
What is the asking price?
The asking price for this property is $2,600,000.
What are key features of this property?
This property features: Prime investment opportunity in the rapidly growing Port Morris section of the Bronx.; Steady rental income from 29 residential units (mix of 1- and 2‑bedroom apartments) and two commercial spaces.; Development potential to add up to 11 residential units and 1 commercial space.
