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651 Courtlandt Ave, Unit The Bronx, NY 10451

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For Sale
$2,700,000

Four-story mixed-use building with stores and apartments, tax abatement.

Property Features for 651 Courtlandt Ave

General Information

Property type
Commercial
Standard status
Active

Building Details

Year built
2006

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Listing Contact
Xue Q. Gao
Source: Elliman

Listing Agency: Canaan Realty International Listing Agent: Xue Q. Gao

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

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Overview

Mixed-Use Building with Tax Abatement

This is a four-story brick mixed-use building featuring two stores and six apartments. All apartments are free market rentals. The property benefits from a tax abatement with six years remaining. Utilities are separate, with eight gas boilers and nine electric meters. The first floor includes a store on each side. The second and third floors each contain two apartments, with each apartment featuring one bedroom, a living room, and one bathroom. The fourth floor has two apartments, each with two bedrooms, a living room, and two bathrooms. The property generates a gross annual income of $216,000, with expenses of $43,500, resulting in a net annual income of $172,500.
Location Intelligence

Current Use by Public Records

Grupo Pald Bank HM Entrepreneurs Corp. Big Box & Wholesale Store J&V COMPANY NYC Financial Advisor Nunez Family nyc ... Financial Advisor Katira Company Marketing & Advertising

Suggested Use

Law Firm Restaurant Real Estate Agency Spa & Massage Center Dental Office Hair Salon Nail Salon Food Market Gym & Fitness Center Skin Care Clinic

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

Location Insight

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City
Bronx
County
Bronx
State
New York
Longitude
-73.918532
Latitude
40.818952

FAQs

What type of property is this?
Mixed-use property - Four-story mixed-use building with stores and apartments, tax abatement.
Where is this mixed-use property located?
The property is located at 651 Courtlandt Ave, Unit The Bronx, NY.
What is the asking price?
The asking price for this property is $2,700,000.
What are key features of this property?
This property features: - High Net Operating Income: **$172,500/Year**; - Free Market Apartments: All 6 apartments are free market, allowing for maximum rental income potential.; - Remaining Tax Abatement: **6 years of tax abatement**, significantly reducing operating expenses.
More about this property
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