Castle Hill Avenue Portfolio 3 Retail Properties Offered at $9,073,480 CAD in Bronx, NY

The Castle Hill Avenue Portfolio presents a rare opportunity to acquire a fully occupied, income-generating mixed-use asset in the heart of the Bronx. Spanning three contiguous tax lots, the portfolio includes a four-story mixed-use building with seven rent-stabilized residential units above three retail spaces, a standalone 4,000 SF laundromat, and a third parcel with eight additional retail storefronts. The property sits on a 0.41-acre site with R5 zoning and a C1-2 commercial overlay, offering long-term redevelopment potential. Strategically positioned between Bruckner Boulevard and Chatterton Avenue, the site benefits from high visibility and strong transit connectivity via the BX-22 and BX-M8 bus lines and the nearby Castle Hill Avenue subway station. The asset is anchored by a long-term laundromat lease through 2053 with annual rent escalations, and additional income is generated from a cell tower lease with built-in increases. Retail tenants include a mix of service-oriented businesses such as a barbershop, nail salon, juice bar, and market, all contributing to a stable rent roll. With a current net operating income of $391,469 and a cap rate of 6.02%, this portfolio offers investors a compelling blend of cash flow, tenant stability, and location-driven upside. The surrounding Bronx market continues to attract investment due to its affordability, dense population, and expanding infrastructure, making this a prime acquisition for multifamily and retail investors.