128 Alexander Ave The, Bronx, NY 10454
Value-add opportunity in Mott Haven with residential and commercial components.
- Added:
- Feb 20, 2026
- Days on Market:
- 119
- Last Refresh:
- Mar 17 at 1:16 pm
Property Features for 128 Alexander Ave The
General Information
- Standard status
- Active
- Size
- 5,489 SF
- Property subtype
- Mixed Use
Listing agent Mitchel Flaherty License #NY
Listing office RIPCO Real Estate (201) 966-5918
Listing date Feb 20, 2026
Source Crexi
Displayed information is deemed reliable but is not guaranteed and should be independently verified.
All listing content including descriptions, pricing, images are the copyrighted material of RIPCO Real Estate
HighLights
- Delivered fully vacant, presenting a value‑add opportunity.
- Opportunity to lease‑up both residential and commercial components at market rents.
- Zoning is M1‑2 and R6A, offering long‑term flexibility.
- Located in Mott Haven, Bronx, NY.
- Proximity to Bruckner Expressway.
- Proximity to Major Deegan Expressway.
Overview
Local Financial Insights For Apartment 5plus
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 | $243.7k | $44.40 |
| − Vacancy | −$14.1k | −$2.58 |
| EGI | $229.6k | $41.82 |
| − OpEx | −$103.3k | −$18.82 |
| NOI | $126.3k | $23.00 |
Alternative Uses
Current Use by Public Records
Location Insight
- Map
- Local Demand
- City
- Bronx
- County
- Bronx
- State
- New York
- Longitude
- -73.926912
- Latitude
- 40.80709
