Melrose Avenue Bronx, NY 10451

Home/Investment Sales/Off Market Investment Sales/Melrose Avenue Bronx, NY 10451

Melrose Avenue Bronx, NY 10451



  • Five story mixed-use building consisting of 12 residential units and 2 commercial units.
  • Building is gut renovated with new electrical and a new roof.
  • All apartments are 3 bedroom with 1 bathroom.
  • Nine apartments are on a city program with 7 years remaining on a 10-year lease. One apartment is rent stabilized.
  • The Deli has 7 year remaining.
  • The Beauty Supply Store has 3 years remaining with a 5-year option to renew. The Beauty Supply Store has separate gas, water & electric meters.
  • Building has a 24-hour door man.
  • 80-85% of expenses are paid by program.
  • Price ~ $3,700,000
  • Cap Rate ~ 6.6%
  • GRM ~ 11.4

Additional Information

Asset Type







Isaac Matayev


$ 3,700,000



Get in Touch for More Details

    Name (required)
    Yes, I would like to receive listing updates from Asset Commercial Realty Group.

    Our strong relationships with national retailers & office tenants, the broader real estate community, brokers, contractors, architects, engineers, attorneys, and local municipalities offer significant benefits to property owners. We're proud to provide the most comprehensive investment sales, leasing, and property management services across Metropolitan New York and Long Island.

    Contact Info

    215-15 Northern Boulevard,
    3rd Floor
    Bayside, NY 11361

    Phone: 646.586.2091

    Fax: 646.767.6790