Mary Drennen - John J Lease Realtors Logo
$949,000
( $221.73Per Sq Foot )
 $5,094 est/mo Sourced by Back At You

511 E 183rd Street,Bronx, NY 10458

Bronx, NY 10458

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Description

PRIME MIXED-USE INVESTMENT OPPORTUNITY IN THE HEART OF BELMONT!This three-story mixed-use building offers an excellent combination of immediate income, future upside, and flexibility. The property features one ground-floor retail storefront, one spacious 3-bedroom apartment, and one spacious 4-bedroom apartment. Both residential apartments will be delivered vacant at closing, giving the new owner the opportunity to maximize rental income immediately. The ground-floor retail space is currently occupied, providing income from day one. The building contains approximately 4,280 square feet and is classified as Tax Class 1, helping to keep annual real estate taxes relatively low. Ideally located just off Fordham Road in one of the Bronx's busiest and most desirable commercial corridors, the property benefits from excellent foot traffic and convenient access to everything the neighborhood has to offer. Enjoy close proximity to Fordham University, Arthur Avenue's renowned restaurant corridor, St. Barnabas Hospital, shopping, schools, major highways, and public transportation, including the B, D, and 4 subway lines, along with multiple bus routes.An excellent opportunity for investors, owner-users, or 1031 exchange buyers seeking a well-located mixed-use asset with immediate upside and long-term appreciation potential.Showings by appointment only. Please do not disturb the commercial tenant.

Details

MLS #1030608
Listing TypeFor Sale
StyleMixed Use
Sub-TypeResale
StatusActive
Year1901
Days On Site39
Listing Provided ByCharles Rutenberg Realty, Inc. | Georgina T. Maynard

Features

SQ Feet4,280
Story(s)3
Units3
ZoningR7-1
Acreage0.05

Interior

CoolingMulti Units
HeatingNatural Gas

Exterior

Construction MaterialsVinyl Siding

Utilities

UtilitiesElectricity Available, Natural Gas Available
SewerPublic Sewer

Taxes

Tax Year2025
Tax Assessed Value73200
Tax Annual Amount5074.28

Area Information

StateNY
CountyBronx County
CityBronx
Zip Code10458
Listing VS Median (in 10458)
Price:
$949,000
low | high
Med:
$657,500
80.716543730242% of Average
sqft:
4,280
low | high
Med:
2,100
100% of Average
$ / sqft:
$222
low | high
Med:
$338
2.649583032717% of Average
On site:
39
low | high
Med:
130.5
29.885057471264% of Average
Sourced by Back At You

Market Activity 10458

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Additional Information

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Learn More About This Property

Mary Drennen

Mary Drennen

John J Lease REALTORS

 (914) 456-1749marydrennen1@gmail.com
StateNY
CountyBronx County
CityBronx
Zip Code10458
Listing VS Median (in 10458)
Price:
$949,000
low | high
Med:
$657,500
80.716543730242% of Average
sqft:
4,280
low | high
Med:
2,100
100% of Average
$ / sqft:
$222
low | high
Med:
$338
2.649583032717% of Average
On site:
39
low | high
Med:
130.5
29.885057471264% of Average
Sourced by Back At You
Nearby Listings (Within 1/4 mile)
Price: $711K - $1.186M
sqft: 3,000 - 5,000
Nearby Listings Property ImageNearby Listings Details
514 E 188th Street Property Photo 1
$1,599,000
514 E 188th Street
Bronx, NY 10458
453 E 181 Street Property Photo 1
$1,175,000
453 E 181 Street
Bronx, NY 10457
Listing Updated: August 19, 2026 at 11:52:21 AM PDT

Mary Drennen - John J Lease Realtors