143 Lincoln Avenue, Bronx, NY 10454

Pending

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Property Description

Located in the vibrant Port Morris section of the Bronx, 143-153 Lincoln Avenue offers a prime investment opportunity with strong growth potential. This well-maintained property spans 12,500 sq. ft. and features six brick, 4-story walk-up buildings with 29 residential units and two commercial spaces. The residential units, a mix of 1- and 2-bedroom apartments, mostly occupied and in good condition, providing steady rental income. The commercial spaces are leased to thriving small businesses. The expansive lot also offers development potential, with preliminary studies suggesting up to 11 additional residential units and 1 commercial space could be built. Just one block from the 3rd Avenue Bridge, the property offers easy access to Manhattan and major highways, with the surrounding neighborhood undergoing growth and revitalization. This property is an ideal opportunity for investors seeking both immediate cash flow and long-term value appreciation.

143 Lincoln Avenue | MLS# 800233

This commercial property located at 143 Lincoln Avenue, Bronx, NY 10454 is currently listed for sale with an asking price of $2,600,000. Search Bronx real estate on www.timberlandproperties.com today.

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Property Features

Property Type: Commercial -
Cooling: None
Heating: Oil
Lot Size: 0.29 Acres
Taxes: $86,920
Year Built: 1910

Feature Descriptions

Building Area Total: 23800
Days on Site: 459
Exterior: Brick
On Market Date: 2024-11-13
Parcel Number: 02317-0043
Rental Term: Monthly
Sewer: Public Sewer
Units: 29
Utilities: See Remarks
Water: Public

Demographics

Listed By / Shown By

Listing By

Agency Name: Keller Williams Realty NYC Grp
Agency Contact: 718-697-6800

Shown By

Agency Title: Timberland Properties
Agency Phone: 845-586-3321

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