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Informations principales sur l'investissement
- Positioned in the heart of Mott Haven, offering immediate access to one of the Bronx’s fastest-transforming residential and commercial corridors.
- Notable upside as rent-stabilized units naturally convert to free-market between 2026 and 2027, allowing rents to rise with minimal investment.
- Convenient transit access with multiple subway lines and regional connections that enhance both residential and retail demand.
- Strong in-place income supported by a stabilized residential tenant base and a long-term ground-floor retail tenant with lease security through 2029.
- Long-term tax advantages through a J-51 abatement and 2B tax class that help preserve cash flow as income grows.
Résumé analytique
Cushman & Wakefield is pleased to exclusively present 129 Alexander Avenue, an 8,350 SF, five-story mixed-use building in the heart of Mott Haven, comprised of nine residential units above one ground-floor commercial space. The property offers a rare combination of strong in-place income, meaningful tax protection, and a clear path to rental upside in one of the Bronx’s most rapidly evolving neighborhoods. The building benefits from a J-51 tax abatement through 2027, reducing annual real estate taxes to
approximately $18,132 versus an unabated tax of $30,190. In addition, the property is classified as Tax Class 2B, which caps assessed value increases at 8% annually and 30% over five years, providing long-term protection against aggressive reassessments as income grows. This structure allows future rent increases to translate more directly into net operating income, materially enhancing cash flow and value. All nine residential units are currently rent stabilized with in-place average rents well below market. As leases naturally expire between 2026 and 2027, units convert to free-market status, allowing rents to reset to prevailing market rate with minimal capital investment. Pro forma underwriting reflects a meaningful increase in residential income as units roll, supported by stable ground-floor retail income from an established tenant. This low-execution, tax-efficient business plan positions 129 Alexander Avenue as an attractive value-add opportunity with durable downside protection and substantial long-term upside.
approximately $18,132 versus an unabated tax of $30,190. In addition, the property is classified as Tax Class 2B, which caps assessed value increases at 8% annually and 30% over five years, providing long-term protection against aggressive reassessments as income grows. This structure allows future rent increases to translate more directly into net operating income, materially enhancing cash flow and value. All nine residential units are currently rent stabilized with in-place average rents well below market. As leases naturally expire between 2026 and 2027, units convert to free-market status, allowing rents to reset to prevailing market rate with minimal capital investment. Pro forma underwriting reflects a meaningful increase in residential income as units roll, supported by stable ground-floor retail income from an established tenant. This low-execution, tax-efficient business plan positions 129 Alexander Avenue as an attractive value-add opportunity with durable downside protection and substantial long-term upside.
Informations sur l’immeuble
| Type de vente | Investissement | Surface du lot | 0,02 ha |
| Nb de lots | 9 | Surface de l’immeuble | 776 m² |
| Type de bien | Immeuble residentiel | Nb d’étages | 5 |
| Sous-type de bien | Appartement | Année de construction | 1931 |
| Style d’appartement | De hauteur moyenne | Zone de développement économique [USA] |
Oui
|
| Classe d’immeuble | C | ||
| Zonage | M1-2R6 - Light industrial with offices, hotels, and most retail uses permitted | ||
| Type de vente | Investissement |
| Nb de lots | 9 |
| Type de bien | Immeuble residentiel |
| Sous-type de bien | Appartement |
| Style d’appartement | De hauteur moyenne |
| Classe d’immeuble | C |
| Surface du lot | 0,02 ha |
| Surface de l’immeuble | 776 m² |
| Nb d’étages | 5 |
| Année de construction | 1931 |
| Zone de développement économique [USA] |
Oui |
| Zonage | M1-2R6 - Light industrial with offices, hotels, and most retail uses permitted |
Caractéristiques
Caractéristiques du lot
- Climatisation
- Chauffage
- Cuisine
- Réfrigérateur
- Four
Caractéristiques du site
- Accès 24 h/24
- Accès contrôlé
- CVC contrôlé par l’occupant
- Sans tabac
- Détecteur de fumée
Lot informations sur la combinaison
| Description | Nb de lots | Moy. loyer/mois | m² |
|---|---|---|---|
| Studios | 9 | - | 52 |
1 1
Exceptionally walkable
100/100
Moderately drivable
70/100
Exceptional public transit
100/100
Moderately bikeable
70/100
Taxes foncières
| Numéro de parcelle | 02309-0029 | Évaluation des aménagements | 191 372 € |
| Évaluation du terrain | 1 594 € | Évaluation totale | 192 966 € |
Taxes foncières
Numéro de parcelle
02309-0029
Évaluation du terrain
1 594 €
Évaluation des aménagements
191 372 €
Évaluation totale
192 966 €
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129 Alexander Ave
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