1242 Castle Hill Avenue

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1242 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 asset currently available for purchase in the Bronx.
  • Property is situated at 1242 Castle Hill Avenue in 10462.
  • Investment is listed with an asking price of $1,695,000.
  • Located within a densely populated urban area of New York.
  • Versatile layout supports a combination of commercial and residential uses.

What's Special

This mixed-use property at 1242 Castle Hill Avenue in the Bronx is currently available for sale. Its configuration presents a functional option for investors looking to expand their portfolio within the New York City market. The asset is positioned in a densely populated urban environment that benefits from the diverse economic activity and steady transit connectivity characteristic of this borough. Given the versatile nature of mixed-use buildings in this region, the property provides potential for diverse income streams, such as combining street-level retail operations with residential units above. Prospective buyers should evaluate the site's layout to determine how it aligns with their specific investment strategies or development goals. The Bronx continues to attract interest as a primary market for those seeking stable real estate assets outside of the traditional central business districts, supported by a large local labor pool and a consistent demand for neighborhood-based commercial and residential services.

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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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