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Executive Summary

Kassin Sabbagh Realty (KSR) has been retained to facilitate the sale of a prime investment opportunity located at 363 E 149th St in the Melrose section of the South Bronx. The property is zoned C-20 and features four retail units. It sits on a 2,000 square foot lot with dimensions of 25 feet by 80 feet, while the building has a total size of 6,750 square feet with 25 feet by 80 feet dimensions. The property is conveniently located just a minute’s walk from the Third Avenue-149th Street subway station, served by the 2 and 5 lines, providing easy access to public transportation. Melrose, a residential neighborhood in the South Bronx, is situated about ten miles from Manhattan. It benefits from a variety of transportation options, including the MTA Regional Bus, the subway, and the Metro-North Railroad at the nearby Melrose Station. Additionally, Interstate 87 runs through the area, connecting Melrose to New York City and beyond. The Melrose neighborhood offers a variety of businesses, stores, and eateries, particularly between Courtland Avenue and Brook Avenue. It also boasts numerous green spaces, including playgrounds, fields, and courts. The rental market in Melrose is diverse, with apartments in a range of styles and prices.

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Property Facts

Sale Type
Investment
Property Type
Retail
Property Subtype
Storefront Retail/Residential
Building Size
6,750 SF
Building Class
C
Year Built
1931
Price
$4,600,464 CAD
Price Per SF
$681.55 CAD
Percent Leased
100%
Tenancy
Multiple
Building Height
4 Stories
Building FAR
3.10
Lot Size
0.05 AC
Opportunity Zone
Yes
Zoning
C4-4 - Commercial and residential uses

Amenities

  • Bus Line
  • Commuter Rail
  • Metro/Subway
Exceptionally walkable
100/100
Moderately drivable
60/100
Exceptional public transit
100/100
Moderately bikeable
70/100

Nearby Major Retailers

Planet Fitness
Key Food
Bravo Supermarkets
Chase
Banco Santander
Capital One
TD Bank
Citi
Checkers
Golden Krust Caribbean Restaurants

Property Taxes

Property Taxes

Parcel Number
02328-0037
Land Assessment
$63,162 CAD
Improvements Assessment
$635,410 CAD
Total Assessment
$698,572 CAD
  • Listing ID: 34276711

  • Date on Market: 2024-12-23

  • Last Updated:

  • Address: 363 E 149th St, Bronx, NY 10455

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