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Mixed-Use Property with Retail
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395 East 151st Street, New York City, NY 10455

Thirty-nine-unit mixed-use building with residential apartments, ground-floor retail, and a professionally managed operating history.

Property Size36,360 SF
Price / SF$115.51
Days on Market8

Property Features for 395 East 151st Street

General Information

Standard status Active
Size 36,360 SF
Elevators Yes
Property subtype Mixed Use

Additional Details

Public Transit Yes
Multifamily Units 33

Building Details

Buildings 1
Tenancy Multi
Listing Agency: Marcus & Millichap - Manhattan
Listed By: Seth Glasser · License #NY 10301209629
Source: Crexi
Added: Sep 10 Changed: Sep 16 Last Checked: Sep 16 at 1:47PM

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 Marcus & Millichap - Manhattan

Investment Insights

Based on property information with market context.

This 36,360-square-foot mixed-use building contains 39 units, including 33 residential apartments and six ground-floor commercial spaces. The apartment mix is primarily one- and two-bedroom units, with one free-market apartment. Retail occupants include a deli, restaurant, nail salon, bike shop, shipping and tax business, and products retailer. Several commercial leases extend into the 2030s.

The property has remained under family ownership, operation, and professional management for more than 30 years. Capital work includes elevator modernization completed in 2022 and Local Law 11 façade work performed during the most recent cycle, resulting in a SAFE filing.

Located on East 151st Street in the Melrose neighborhood of the Bronx, the property is near St. Mary's Park and the 149th Street 2, 4, and 5 subway stations.

Key Highlights

  • 36,360‑square‑foot mixed‑use property with 39 total units
  • 33 residential apartments, primarily one- and two‑bedroom layouts
  • Six ground‑floor commercial spaces with multiple retail and service occupants

Property Analytics

Current Use

Retail space

Suggested Use

Top Pick Real Estate Agency Skin Care Clinic Gym & Fitness Center Acupuncture Computer & Electronic Repair Tech Support Center

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

33
Residential units
Multi-tenant
Tenancy

Location Intelligence

Trade Area within ½ mile

6,269
Businesses Nearby

Demographics for 10455, NY

43,804
Population
16,608
Households
2.6
Avg Household Size
33
Median Age
16%
College-Educated
69%
High-School Grad
0.7 sq mi
ZIP Area
62,577
Density / Sq Mi
$36,701
Median Household Income
$33,892
Median Earnings
$1,130
Median Rent
$348,700
Median Home Value

Market

Vacancy Rate% for Multifamily in Northeast region

4% 2022
4.6% 2023
5.3% 2024
5.6% 2025
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Frequently Asked Questions

What type of property is this?
Mixed-use property - Thirty-nine-unit mixed-use building with residential apartments, ground-floor retail, and a professionally managed operating history.
Where is this mixed-use property located?
The property is located at 395 East 151st Street New York City, NY.
What is the asking price?
The asking price for this property is $4,200,000.
What are key features of this property?
This property features: 36,360‑square‑foot mixed‑use property with 39 total units; 33 residential apartments, primarily one- and two‑bedroom layouts; Six ground‑floor commercial spaces with multiple retail and service occupants
More about this property
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