1 Burnside Ave The Bronx, NY 10453

This exceptional investment opportunity encompasses two strategically located properties in the Bronx, New York: 1 East Burnside Avenue and 2056 Jerome Avenue. The portfolio comprises a total of 15 units, including 7 commercial and 8 rent-stabilized residential units, spread across a combined 18,259 to 36,511 square feet. The asking price is $5,800,000, representing a price per square foot of $317.65 and a strong net operating income (NOI) of $406,728. The properties boast prime retail space on busy Burnside Avenue and Jerome Avenue, benefiting from high foot traffic. Conveniently located near the 4, B, and D subway lines (with the #4 station just 0.029 miles from 1 East Burnside Avenue), the properties also enjoy proximity to Bronx Community College (0.4 miles) and Monroe College (0.81 miles). The buildings are situated on lots ranging from 2,536 to 5,071 square feet, with building dimensions varying accordingly. 1 East Burnside Avenue is a five-story building, while 2056 Jerome Avenue is a single-story structure. Both properties are zoned C4-4D (J), offering significant development potential. Detailed lot and building dimensions, along with commercial and residential unit breakdowns, are available upon request. The properties' combined assessed value is $731,070, with annual property taxes totaling $85,347. This portfolio presents a compelling investment opportunity with substantial upside potential in a rapidly developing area.