143 Lincoln Avenue, Bronx, NY

$2,600,000

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23,800

Square feet

0.29

Acres

About 143 Lincoln Avenue

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.

Features of 143 Lincoln Avenue

MLS® # 800233
Price $2,600,000
Bathrooms 0.00
Internal Footage 23,800
Square Footage 12500
Acres 0.29
Year Built 1910
Type Commercial Sale
Sub-Type Multi Family
Status Pending

Community Information

Address 143 Lincoln Avenue
City Bronx
County Bronx County
State NY
Zip Code 10454

Amenities

Utilities See Remarks
Is Waterfront No
Has Pool No

Interior

Heating Oil
Cooling None
Fireplace No
Has Basement No

Exterior

Construction Brick

Additional Information

Date Listed November 13th, 2024
Days on Market 352
Short Sale Yes
RE / Bank Owned No

Listing Details

Listing Provided Courtesy ofKeller Williams Realty NYC Grp
Contact Info718-697-6800

Listing Map

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