321 Soundview Ave Bronx, NY 10473-3019
This exceptional mixed-use property, located at 321 Soundview Avenue in the Bronx, New York, presents a compelling investment opportunity. The building encompasses a generous 2,075 square feet situated on a 0.03-acre lot. The property's configuration includes two ground-floor retail spaces, currently available for immediate occupancy. These vacant storefronts offer significant potential for lease income generation, allowing new owners to customize tenant selection and lease terms to maximize returns. Above the retail spaces, a residential unit is currently leased, generating a monthly rental income of $2,388. This provides a stable, immediate cash flow stream. The basement area is partially finished, offering additional potential for expansion, storage, or further development to increase the property's overall value and utility. The asking price for this strategically located Bronx property is $798,888. This represents a strong value proposition in a rapidly developing area, offering a blend of immediate income and long-term growth potential. The property's mixed-use nature allows for diverse income streams and adaptability to changing market demands. This is an ideal opportunity for investors seeking a strong return on investment in a vibrant and up-and-coming neighborhood. The vacant retail spaces provide a blank canvas for creative entrepreneurs, while the existing rental income ensures a steady cash flow from day one. Don't miss this chance to acquire a valuable asset in a prime Bronx location.
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendProperty tax & assessments
Tax year 2024Comparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Property description
Physical attributes from public recordsZoning & alternative use
R3-2 · Bronx, NYCosts & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.