Price Reduced 13.30%
Price History
$2,999,000
11/13/2024
$2,800,000
1/8/2025
$2,700,000
2/3/2025
$2,600,000
2/15/2025
143 Lincoln Avenue, Bronx, NY, 10454
1910
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.
Status:
Pending
Type:
Commercial
Units:
29
Heating:
Oil
Cooling:
None
Acreage:
0.29
Est. Taxes:
$86,920
Assessment
$695,250
Construction
Brick
Utilities
See Remarks
Days on Market:
137
MLS #:
H800233
Community Info
School Info
Walk Score
Mass Transit
Yelp
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Listing courtesy of Keller Williams Realty NYC Grp 718-697-6800