Mixed-Use Property with Ground
847 Castle Hill Avenue, Bronx, NY 10473
- Added:
- Apr 25, 2026
- Days on Market:
- 55
- Last Refresh:
- Jun 18 at 4:06 pm
Property Features for 847 Castle Hill Avenue
General Information
- Property type
- Residential Multi Family
- Property subtype
- Other
- Rooms
- Basement
- Parking features
- Off Street
- Interior features
- Entrance Foyer, Granite Counters, High Ceilings, Storage
- Basement
- Crawl Space, Storage Space, Unfinished
- Standard status
- Active
- APN
- 03685-0041
- Lot size
- 0.05 Acres
Taxes and HOA fees
- Tax Year
- 2025
- Tax Annual Amount
- 9238
Utilities
- Sewer type
- Public Sewer
- Heating system
- Natural Gas
- Cooling system
- Window Unit(s), Wall/Window Unit(s)
- Water source
- Public
Building Details
- Year built
- 1920
- Number of units
- 4
- Building materials
- Frame, Vinyl Siding
- Additional Structures
- Storage
Listing agent Carlos J. Mercedes (216) 456-4458
Listing office Keller Williams Realty Group 760 White Plains Rd, Scarsdale, NY (914) 713-3270
Listing date Apr 25, 2026
MLS# 990959
Listing URL
Copyright © 2026 OneKey MLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
HighLights
- Delivered fully vacant, allowing immediate lease‑up at market rents or owner occupancy.
- Mixed‑use property with a ground‑floor commercial storefront and three residential units.
- Located in the heart of the bustling Castle Hill corridor.
- First‑floor two‑bedroom apartment with direct access to a private fenced backyard.
- Modern updates including shaker‑style cabinetry in select interiors.
- Well‑maintained property ideal for investors, owner‑users, or 1031 exchange buyers.
Overview
847 Castle Hill Avenue is a fully vacant mixed-use property configured with a highly visible ground-floor commercial storefront and three residential apartments above. The building is well-maintained and includes approximately 2,763 square feet of interior space on a 2,035 square foot lot. The storefront spans about 500 square feet and can support retail, office, or professional uses based on the current commercial layout.
The residential portion consists of a first-floor two-bedroom apartment with direct access to a private fenced backyard, plus two additional apartments on the second floor: a two-bedroom unit and a one-bedroom unit. Each residence includes a full bathroom and natural light, and some interiors feature modern updates such as shaker-style cabinetry.
With two occupants in the process of vacating, the property is expected to be delivered fully vacant at closing, enabling immediate lease-up or owner occupancy. This makes the asset well-suited for an owner-user seeking combined commercial and residential income potential, or for an investor looking for a straightforward turn-key mixed-use platform at the start of the leasing cycle.
The residential portion consists of a first-floor two-bedroom apartment with direct access to a private fenced backyard, plus two additional apartments on the second floor: a two-bedroom unit and a one-bedroom unit. Each residence includes a full bathroom and natural light, and some interiors feature modern updates such as shaker-style cabinetry.
With two occupants in the process of vacating, the property is expected to be delivered fully vacant at closing, enabling immediate lease-up or owner occupancy. This makes the asset well-suited for an owner-user seeking combined commercial and residential income potential, or for an investor looking for a straightforward turn-key mixed-use platform at the start of the leasing cycle.
Local Financial Insights For Office B
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $116.0k | $42.00 |
| − Vacancy | −$23.8k | −$8.61 |
| EGI | $92.3k | $33.39 |
| − OpEx | −$23.1k | −$8.35 |
| NOI | $69.2k | $25.04 |
2,763 SF · lease $42.00/SF/yr · vacancy 20.50% · expense 25.00%
Alternative Uses
Best Use
Office B
$988.5K
$864.9K – $1.15M
NOI $69,192 @ 7.0% cap · market cap 5.32%
Second Best
Apartment 5plus
$908.0K
$794.5K – $1.06M
NOI $63,559 @ 7.0% cap · market cap 4.89%
Theoretical Best
Warehouse
$1.91M
$1.68M – $2.23M
NOI $134,020 @ 7.0% cap · market cap 10.31%
Zoning and permitted uses should be independently verified with local authorities.
Property Profile
Location Intelligence
Current Use by Public Records
Photos In Motion Inc
Wedding Service
Milagros Gonzales
Foster Care Service
Beauty and The Beast Driving ...
Training Center
Lap Electric Inc
Electrical Service
Location Insight
- Map
- Local Demand
- City
- Bronx
- County
- Bronx
- State
- New York
- Longitude
- -73.849602
- Latitude
- 40.824512
Nearby Similar for Sale
FAQs
What type of property is this?
Mixed-use property - Fully vacant mixed-use building with ground-floor storefront and three residential units, ready for immediate occupancy or leasing.
Where is this mixed-use property located?
The property is located at 847 Castle Hill Avenue Bronx, NY.
What is the asking price?
The asking price for this property is $1,300,000.
What are key features of this property?
This property features: Delivered fully vacant, allowing immediate lease‑up at market rents or owner occupancy.; Mixed‑use property with a ground‑floor commercial storefront and three residential units.; Located in the heart of the bustling Castle Hill corridor.
