The subject property is a 9-unit commercial building located at the corner of 3rd Avenue and East 148th Street in the Mott Haven section of the Bronx. The property is anchored by Walgreens and also contains additional national retail tenants Lucille Roberts and Sleepy’s. The top two floors are comprised of four office units that are currently leased out to companies in the medical field. The property is prominently situated in a high population density area with great visibility and is easily accessible by the 2 and 5 subway lines. The property offers an investor a great opportunity to acquire an asset with a stable tenant base and with the additional development upside from the 24,000 sf of available air rights.
Senior Advisor / Partner