1535 Westchester Ave The Bronx, NY 10472

This exceptional mixed-use investment property, located at 1535 Westchester Avenue in the Bronx, New York (zip code 10472), presents a compelling opportunity for discerning investors. The building boasts a substantial 27,051 square feet and comprises 24 multi-family units, offering a strong foundation for consistent cash flow. With an asking price of $5,500,000, the property exhibits an attractive capitalization rate of 7.51%, generating a net operating income (NOI) of $413,059. The price per square foot is $203.32. Situated on a bustling section of Westchester Avenue, directly at the subway entrance, this property benefits from high visibility and excellent accessibility. The prime retail corridor location ensures high traffic and strong tenant demand. The building's high occupancy rate and steady cash flow contribute to its secure investment profile. Furthermore, the property offers significant potential for rental upside, making it an ideal long-term investment in a thriving neighborhood. This is a rare opportunity to acquire a well-positioned, high-performing multifamily asset in a rapidly developing area of the Bronx. The property's strong fundamentals and strategic location make it a compelling addition to any investment portfolio.