Check Availability
$2,210,000
↓ $79K (3.4%)
Commercial - For Sale

1248 Castle Hill Avenue

Bronx, NY 10462
bedrooms
Studio
bathrooms
0 Bath
$12,587
Estimated Monthly
$0
HOA / Fees
-0.26%
Cap Rate

About This Property

Looking for 5.1 cap rate?? then look no further! This unique 6 unit Mix use building w/huge upside potential is ready to go! 3 Commercial units and 3 residential units. Don't miss out on this golden opportunity to seize a slice of this high traffic property located in the Bronx's thriving community of Castle Hill/ Parkchester area. This property is poised for growth and sustainability. The residential units are 2-two bedrooms, 1-one bedroom. The commercial spaces are fully operational. The main anchor tenant is a Beautiful Roti Guyanese restaurant, then a Beauty Salon with heavy clientele and last but not least a Security office that serves the community for all of latest security surveillance installation. call for set up. Serious inquiries only. NO Leases!
Unit Size
-
Days on Market
262 days
Land Size
-
Price per sqft
-
Property Type
Commercial
Property Taxes
$1,735
HOA Dues
-
Year Built
1925
Listed By
Noel Cohen
Cohen and Cohen Consulting
Last updated: 20 days ago (OneKey MLS #ONEH6264773)

Price History

Date / Event Date Event Price
Apr 13, 2024 Price Decreased $2,210,000
↓ $79K (3.5%)
Price Decreased
Aug 15, 2023 Listed by Cohen and Cohen Consulting $2,288,888
Listed by Cohen and Cohen Consulting

Property Highlights

Air Conditioning
Interior Details

Interior Information

Appliances: Oven, Refrigerator
Exterior Details

Property Information

Square Footage : 3600
Property Type: Commercial Sale
Property Sub Type: Mixed Use
Year Built: 1925

Building Information

Building Area Units: Square Feet
Construction Methods: Brick

Land Information

Water Source: Public, See Remarks
Water Source: Gas Stand Alone, See Remarks

Building Info

Overview

    General

  • Year Built: 1925
  • Building Count: 1
  • Floor Count: 3
  • Total Unit Count: 6
  • Residential Unit Count: 3
  • Basement Type: 2

    Dimensions

  • Lot Area Sqft: 1,683
  • Lot Size Depth Feet: 73
  • Lot Size Frontage Feet: 23
  • Building Depth: 60
  • Building Frontage: 20
  • Gross Building Area: 3,600

    Building Floor Area

  • Residential Building Floor Area: 1,800
  • Commercial Building Floor Area: 1,800
  • Retail Building Floor Area: 1,800

    Floor Area Ratio

  • Built Floor Area Ratio: 2
  • Residential Floor Area Ratio: 1
  • Facilities Floor Area Ratio: 2

Building

  • Building Type: S9
  • Lot Type: 3
  • Land Use: 04
  • Irregular Lot Code: N
  • Proximity Code: 3
  • Extension Code: N

Neighborhood

  • Community District: 209
  • City Council District: 18
  • Police Precinct: 43
  • Fire Company: E064
  • Health Area: 3100
  • Sanitation District Borough: 2
  • Sanitation Subsection: 3E
  • School District: 08

Zoning

  • Split Boundary Zone Indicator: N
  • Zoning: R5
  • Zoning Commercial Overlay 1: C1-2

Geography

  • Borough Name: BX
  • Borough Code: 2
  • Block: 3822
  • Lot: 10
  • Borough Block Lot: 2038220010

    Address

  • Full Address: 1248 Castle Hill Avenue
  • Zip Code: 10462

Valuation

    Assessments Valuation

  • Assessed Total Value: $285,300
  • Assessed Land Value: $131,400

    Exemptions

  • Exempt Total Value: $0
  • Exempt Land Value: $0

Comparables

Unit
Status
Type
Beds
Baths
ft²
Price/ft²
Asking Price
Listed On
Closing Price
Sold On
HOA + Taxes
Townhouse
Stu
1 Bath
-
$2,300,000 Sep 21, 2012
$2,300,000 Apr 26, 2013
-

About East Bronx


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Frequently Asked Questions

When was property at 1248 Castle Hill Avenue built and last sold?
The property at 1248 Castle Hill Avenue was built in 1925 and last sold on Jan 1, 1970 for $0.
How much is this home worth?
The estimated value of the home located at 1248 Castle Hill Avenue is $2,311,777.
What are some comparable homes to 1248 Castle Hill Avenue?
Homes that are comparable to 1248 Castle Hill Avenue include a townhouse property at 1575 Bronx River Avenue, located in Bronx, NY.

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