924 Rev James Polite Avenue, Bronx, NY 10459
Bronx County
Key Facts
Description
Excellent mixed-use investment opportunity in the South Bronx. This fully occupied property features three residential units and one commercial space, offering strong and consistent income. Based on current rents, the property generates approximately $12,500/month ($155,000 annually), with an estimated NOI of ~$122,289. This supports an approximate 7.5% return at current pricing, with additional upside potential from on-site advertising income. Ideal for investors seeking a turnkey asset with multiple income streams and long-term growth. Low operating expenses, including a favorable tax structure, further enhance the overall return profile. Conveniently located near transportation, shopping, and major thoroughfares, making it attractive for both residential and commercial tenants. All income, expense, and return figures are approximate and should be independently verified.
Property Information
Property Type
Residential Income
Sub-Type
Triplex
Year Built
2005
Living Area
9,570 sq ft
Lot Size
0.05 acres
Days on Market
22
MLS® Listing#
982360
Property Features
- Cooling:
- Wall/Window Unit(s)
- Heating:
- Natural Gas
- Parking:
- No Garage, None
- Construction:
- Brick
- Utilities:
- Natural Gas Available, Electricity Connected, Natural Gas Connected, Water Connected
- Sewer:
- Public Sewer
- Water Source:
- Public
Schools
- Elementary:
- Urban Scholars Community School
- Middle:
- School Of Performing Arts
- High:
- Metropolitan High School (The)
HOA & Tax
- Annual Tax:
- $1,547
- Assessed Value:
- $582,300
- Parcel #:
- 02698-0080
Affordability Calculator
$310,200
Estimated monthly payment
$8,255/mo
Principal $1,240,800 · Est. interest $1,731,026 over 30 yrs
Neighborhood Market Statistics
How this home compares to active listings in Bronx, NY
- $576,699
- Median Listing Price
- 70
- Median Days on Market
- 1,206
- Median Sq Ft
- $376
- Median Price / Sq Ft
- 1,266
- Active Listings
- This home’s price is 169% above the area median.
- Its price per sq ft is 57% below the area median.
Market statistics compiled from active EXIT Realty® and MLS listings in Bronx, NY.
Location
- 924 Rev James Polite Avenue, Bronx, NY 10459
Nearby Schools
Thessalonia Elementary Academy
Elementary · 0.1 mi away
The Longwood Academy of Discovery
School · 0.1 mi away
PS 333 the Museum School
Elementary · 0.1 mi away
New Visions Aim Charter High School II
Secondary · 0.1 mi away
Pathways To Graduation
Secondary · 0.1 mi away
Bronx Regional High School
Secondary · 0.1 mi away
Pharos Academy Charter School
School · 0.2 mi away
New Visions Charter High School for Advanced Math and Science II
Secondary · 0.2 mi away
United Charter High School for the Humanities II
Secondary · 0.2 mi away
School of Performing Arts
Secondary · 0.3 mi away
Entrada Academy
School · 0.3 mi away
Classical Charter Schools
Elementary · 0.3 mi away
Success Academy Bronx Middle School
Elementary · 0.3 mi away
Longwood Preparatory Academy
School · 0.3 mi away
PS 130 Abram Stevens Hewitt
Elementary · 0.3 mi away
Bronx Studio School for Writers and Artists
Secondary · 0.3 mi away
Democracy Prep Endurance Middle School
Secondary · 0.3 mi away
Democracy Prep Endurance Elementary School
Elementary · 0.3 mi away
St. Athanasius School
School · 0.3 mi away
PS 184
Elementary · 0.4 mi away
Commute Calculator
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Moving Cost Estimate
EXIT Agents in Bronx
Listing Courtesy: EXP Realty - 8882760630
Presented by: William Astudillo
Fair Housing Notice