Mixed-Use Building in Retail
For Sale
Contact for pricing
333 E 149th St, Bronx, NY
Three-story mixed-use building in the Melrose section of the Bronx.
Property Size4,375 SF
Lot Size0.05 Acres
Price / SF$571.43
Days on Market649
Property Features for 333 E 149th St
General Information
Standard status
Active
Size
4,375 SF
Lot size
0.05 Acres
Property subtype
MULTIFAMILY
Listing Agency:
Kassin Sabbagh Realty (KSR)
(212) 417-9217
Listed By:
Solomon Sharaby · License #10401283106
(718) 986-7149
Source:
Moodyscre
Added: Dec 27, 2024
Changed: Aug 9
Last Checked: Aug 9 at 7:59PM
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 Kassin Sabbagh Realty (KSR)
Investment Insights
Based on property information with market context.
Located at 333 E 149th St in the Melrose section of the South Bronx, this three-story, mixed-use, walk-up building presents a prime investment opportunity. The property is situated in a major retail and medical corridor, directly across from Starbucks and Wendy’s, and one block from the HUB, a major transit hub with access to the #2 and #5 subway lines. The building sits on a 25 x 80-foot lot and has a total building size of 4,375 square feet. It also features a gas line in place and is within walking distance of Lincoln Medical Center.
Key Highlights
- Prime location in a major retail and medical corridor.
- One block from the HUB, a major transit hub with access to the #2 and #5 subway lines.
- Mixed‑use building offering diverse income potential.
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$87,609
Cap Rate
3.50%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,752,180
$1.8M
Cap Rate 7%
$1,251,557
$1.3M
Cap Rate 9%
$973,433
$973.4K
Market Conditions
NOI Build-Up for 4,375 SF
Gross rent
$157.5K $36.00/SF
− Vacancy
−$17.3K −$3.96/SF
EGI
$140.2K $32.04/SF
− OpEx
−$52.6K −$12.02/SF
NOI
$87.6K $20.03/SF
Area
Bronx, NY
Vacancy
11.00%
Lease Rate
$36.00 /SF/Yr
Expense Ratio
37.50%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,752,180
Cap Rate 7%
$1,251,557
Cap Rate 9%
$973,433
Alternative Uses
Best Use
Mixed Use
$1.25M
$1.10M – $1.46M
NOI $87,609 @ 7.0% cap · market cap 3.50%
Second Best
—
—
no second resolved use
Theoretical Best
Warehouse
$3.03M
$2.65M – $3.54M
NOI $212,210 @ 7.0% cap · market cap 8.49%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
Location Intelligence
Trade Area within ½ mile
5,850
Businesses Nearby
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Business Placement
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Frequently Asked Questions
What type of property is this?
Mixed-use property - Three-story mixed-use building in the Melrose section of the Bronx.
Where is this mixed-use property located?
The property is located at 333 E 149th St Bronx, NY.
What is the asking price?
The asking price for this property is $2,500,000.
What are key features of this property?
This property features: Prime location in a major retail and medical corridor.; One block from the HUB, a major transit hub with access to the #2 and #5 subway lines.; Mixed‑use building offering diverse income potential.
