Prime Mixed-Use Investment Opportunity in Pelham Gardens, Bronx

For Sale: 1450 E Gun Hill Rd, Bronx, NY 10469 – a high-income-producing mixed-use property in the heart of Pelham Gardens. This four-story corner building features 9 residental apartments, 3 retail spaces, 1 office, a social club, and 5 garage spaces with additional storage. With 13,533 SF of space, 53.5’ of frontage, and zoning of R6B, C2-3, this asset offers both stability and growth potential.

Investment Highlights:
? Cap Rate: 8.56%
? GRM: 6.79x
? High-Demand Location: Just 2 blocks from the Gun Hill Rd (5 Train) Station
? Diverse Tenant Mix: Long-term residential and commercial tenants with upside potential

A rare opportunity to acquire a well-positioned, turnkey investment in a thriving neighborhood! © 2024 OneKey™ MLS, LLC