Mixed-Use Investment in South
For Sale
$1,551,000
924 Rev James Polite Ave The, Bronx, NY 10459
Fully occupied mixed-use property with strong income and growth potential.
Property SizeContact for details
Days on Market124
Property Features for 924 Rev James Polite Ave The
General Information
Standard status
Active
Property subtype
Investment
Taxes and HOA fees
Annual Taxes
$1,547
Building Details
Year Built
2005
Units
4
Listing Agency:
eXp Realty
(917) 783-9807
Listed By:
William Astudillo
(917) 783-9807
Source:
Elliman
Added: Apr 10
Changed: Aug 8
Last Checked: Aug 11 at 7:14AM
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 eXp Realty
Investment Insights
Based on property information with market context.
This fully occupied mixed-use property in the South Bronx presents an excellent investment opportunity. The property features three residential units and one commercial space, generating approximately $12,500 per month, or $155,000 annually. The estimated Net Operating Income (NOI) is approximately $122,289, supporting an approximate 7.5% return at the current pricing. Additional upside potential exists from on-site advertising income. The property is ideal for investors seeking a turnkey asset with multiple income streams and long-term growth. Low operating expenses, including a favorable tax structure, further enhance the overall return profile. The location is conveniently situated near transportation, shopping, and major thoroughfares, making it attractive for both residential and commercial tenants. The property has a bike score of 78, indicating it is very bikeable. The walk score is 92, meaning it is a walker's paradise. The transit score is 100, indicating it is a rider's paradise. All income, expense, and return figures are approximate and should be independently verified.
Key Highlights
- High Transit Score (100): Rider's Paradise, ensuring easy access to public transportation.
- Strong Income Generation: Approximately $12,500/month ($155,000 annually) with an estimated NOI of ~$122,289.
- Attractive Return on Investment: Approximate 7.5% return at current pricing.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
4,200
Businesses Nearby
Explore this area
Business Placement
Demographics for 10459, NY
50,984
Population
18,678
Households
2.7
Avg Household Size
34
Median Age
14%
College-Educated
68%
High-School Grad
0.8 sq mi
ZIP Area
63,730
Density / Sq Mi
$39,276
Median Household Income
$30,200
Median Earnings
$1,285
Median Rent
$589,500
Median Home Value
Market
Vacancy Rate% for Multifamily in Northeast region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Mixed-use property - Fully occupied mixed-use property with strong income and growth potential.
Where is this mixed-use property located?
The property is located at 924 Rev James Polite Ave The Bronx, NY.
What is the asking price?
The asking price for this property is $1,551,000.
What are key features of this property?
This property features: High Transit Score (100): Rider's Paradise, ensuring easy access to public transportation.; Strong Income Generation: Approximately $12,500/month ($155,000 annually) with an estimated NOI of ~$122,289.; Attractive Return on Investment: Approximate 7.5% return at current pricing.
