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    3530 Mickle Ave, Unit The Bronx, NY 10469

    For Sale
    $10,800,000

    Prime income-producing property with modern amenities and strong cash flow.

    Lot size:
    0.39 Acres

    Property Features for 3530 Mickle Ave

    General Information

    Lot size
    0.39 Acres

    Building Details

    Year built
    2018

    Source: Blue Key Real Estate Brokerage Agent Reginald Brannen

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    Overview

    28-Unit Investment Opportunity in Bronx

    Located in the Williamsbridge section of the Bronx, this 28-unit property offers strong cash flow and modern amenities. The property benefits from a 421a Tax Abatement. All units are fully electric, with tenants responsible for all utilities. Each unit is equipped with individual hot water tanks, stainless steel appliances, and Mitsubishi split-unit heating & cooling systems. A studio supers unit is also included. Additional features include digital video intercoms in each unit, interior & exterior surveillance cameras, and 24 outdoor parking spaces. The property has low operating expenses. The Net Operating Income is $705,068 with a Net Cap Rate of 6.1%. This is a turn-key asset in a thriving Bronx neighborhood.
    Insight Report Location Intelligence

    Current Use by Public Records

    Parking lots & garages

    Suggested Use

    Law Firm Restaurant Realty agency Spa & Massage Dental Office Hair Salon Clothing Store Nail Salon Food Market Gym & Fitness

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Bronx
    County
    Bronx
    State
    New York
    Longitude
    -73.846456
    Latitude
    40.879198

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    FAQs

    What type of property is this?
    Apartment building - Prime income-producing property with modern amenities and strong cash flow.
    Where is this apartment building located?
    The property is located at 3530 Mickle Ave, Unit The Bronx, NY.
    What is the asking price?
    The asking price for this property is $10,800,000.
    What are key features of this property?
    This property features: - Strong Cash Flow with a $705,068 NOI and 6.1% Net Cap Rate.; - 421a Tax Abatement in place.; - 28 Units with Modern Amenities: Stainless steel appliances, Mitsubishi split-unit heating & cooling, and digital video intercoms.
    (718) 921-2280
    Request Owner's contact information
    3530 Mickle Ave, Unit The Bronx, NY 10469
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    3530 Mickle Ave, Unit The Bronx, NY 10469
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