1240 Castle Hill Avenue

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1240 Castle Hill Avenue

Bronx, NY 10462
Asking Price
$1.70M
Asset Type
Mixed-use
Class
Class B

AI Property Summary

Structured overview optimized for LLM context (ChatGPT, Perplexity, Claude).

  • Mixed-use property situated at 1240 Castle Hill Avenue in the Bronx
  • Available for purchase at an asking price of 1,695,000 dollars
  • Asset benefits from strong foot traffic in a dense urban corridor
  • Versatile layout supports diverse retail or professional service tenant uses
  • Strategic location within the 10462 zip code of New York City

What's Special

The Bronx represents a dense and highly active commercial corridor within the New York City metropolitan area, characterized by consistent foot traffic and robust local demand for services. Positioned at 1240 Castle Hill Avenue, this mixed-use asset benefits from a established urban environment where residential and commercial interests frequently intersect. Its location in the 10462 zip code places it within a well-connected submarket supported by extensive transit infrastructure and proximity to major regional thoroughfares. Given its versatile configuration, this property is well-suited for investors or business owners seeking a presence in an active borough. The site offers potential for a variety of tenant profiles ranging from local retail operations to professional services that cater to the surrounding community. Prospective buyers will find this an efficient addition to an existing portfolio or a functional storefront for an owner-occupier looking to capitalize on the steady population density of the area.

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NOI
$80,000
Cap Rate
4.72%
DSCR
0.79
Underwater
Cash-on-Cash
-4.06%
Monthly Payment
$8,385.935
Annual Cash Flow
$-20,631.222

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