860 E 147Th St Bronx, NY 10455
For Sale
1 / 6
The East 147th Street corridor has emerged as the definitive bridge between the historic "Hub" of the Bronx and the rapid luxury development of the Mott Haven waterfront. Historically a district characterized by low-density industrial use, the area has undergone a strategic rezoning (R7X/C1-4) designed to facilitate a high-density, mixed-use future. This shift is best exemplified by the success of immediate neighbors like MLK Plaza (869 E 147th St), which brought 165 modern residential units to the block, proving the area’s viability as a destination for both high-quality housing and essential community-centric retail. The site at 860-870 East 147th Street sits at the epicenter of this "15-minute neighborhood" evolution. With the 6-train just two blocks away and the 35-acre St. Mary’s Park acting as a regional anchor, the corridor is no longer an industrial outlier but a vital residential hub. Developers and retail tenants are increasingly drawn to this pocket for its unique "value-add" position: it offers the foot traffic of a major transit-oriented district without the extreme congestion of 149th Street, providing a premium canvas for modern mixed-use development that serves a growing, diverse consumer base.
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendComparables
6 recent transactions · within 1.5 miComparable in this City
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Property description
Physical attributes from public recordsZoning & alternative use
No recorded transactions found for this property.
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Risks
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