Situated in The Belmont section of the Bronx in the heart of "Bronx Little Italy" just off Arthur Avenue. 2381 Belmont Avenue is a 25'foot wide, 6-story elevator, mixed use building. The property is comprised of 9 units of which 7 are residential and 2 are commercial. Ground floor retail and 2nd floor floor-through office space (2 separate units) are both occupied by a well-established non-profit that has been servicing New York City youth for 46 years. Above are 7, 2-bedroom apartments. All units are individually metered for gas and electric. In addition all units (residential & commercial) have individual heat and hot water units which paid by the tenant. The property benefits from a 421-A tax abatement that expires in 2023. Property is delivered 100% occupied. .
2381 Belmont is a strong stable asset with substantial upside. This is an excellent opportunity for an investor to capitalize on the Bronx's growing popularity. Come see why Arthur Avenue was named one of "America's Greatest Streets" by the American Planning Association. For more information, rent-roll, setup, contact us.