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710 East 138th Street
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710 East 138th Street
Mott Haven Mixed-Use | 20 Apartments & 5 Commercial
$4,450,000
Sales price
$239/SF
Price per Ft
9.5%
Cap Rate
- Mixed-Use Corner Asset in Prime Mott Haven: Features 20 residential units and five retail spaces, offering scale and stability in the South Bronx’s premier submarket.
- Comprehensive Modernization: Updated mechanical systems, common areas, and units (2003 modernization), reducing immediate capital expenditure (CapEx) requirements.
- Immediate Revenue Upside: Mark-to-market upside across the five retail spaces to capture rising neighborhood rents, paired with near-term residential income growth by bringing current preferential rates up to legal regulated rents.
- Mott Haven Growth Corridor: Positioned within an appreciating submarket driven by strong institutional investment and rising neighborhood density.
- Exceptional Transit Access: Located steps from the Brook Ave (6) train station and under 0.7 miles from the 2, 4, and 5 lines, with Bx33 bus service right at the front door.