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710 East 138th Street

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710 East 138th Street
Mott Haven Mixed-Use | 20 Apartments & 5 Commercial
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$4,450,000 Sales price
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$239/SF Price per Ft
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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.

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