446 E 149th St

Discover a rare opportunity to own a fully occupied 10-unit apartment and 1-unit commercial store building in a vibrant and highly accessible location. Built in 2010, this modern mid-rise spans 12,539 square feet across six stories on a compact 0.06-acre lot. Designated as a Building Class B property and located in an Opportunity Zone, it offers significant tax benefits 421a expires in 2026 and long-term growth potential for investors.

Prime Location with Exceptional Scores
The property’s location delivers unparalleled convenience to residents and commercial tenants alike, boasting remarkable scores:

• Walk Score®: 95 (Walker’s Paradise)
• Transit Score®: 100 (Rider’s Paradise)
• Bike Score®: 79 (Very Bikeable)

Situated near shops, restaurants, public transportation, and bike-friendly infrastructure, this property provides tenants with seamless access to essential services and leisure options.

Premium Residential Features
This property offers ten thoughtfully designed residential units featuring:

• Air conditioning
• Private balconies
• Hardwood floors
• Wheelchair accessibility
• Basement storage

Each unit is independently metered, with tenants paying for their own gas cooking and electric hot water, which minimizes the owner’s operating expenses. The building also includes on-site laundry facilities and an elevator, ensuring a comfortable and convenient living experience.

Additional Revenue Streams
The property generates diverse income, including:

• Five Rentable Storage Rooms: Available, offering additional monthly revenue.
• Commercial Space: A highly desirable ground-floor unit leased for $11,000 per month, with the tenant also covering 25% of the real estate tax. This space is equipped with its own basement storage and four walk-in refrigerators, adding significant stability and value to the investment.

Financial Highlights
Fully leased, this property guarantees immediate cash flow and presents an outstanding opportunity for investors seeking a reliable and diversified income stream. Its prime location, modern amenities, and placement in an Opportunity Zone offer further advantages for long-term growth and financial success.

Don’t miss out on this rare chance to secure a stable, high-performing asset in a thriving market. Contact us today to schedule a viewing and learn more about this exceptional investment opportunity!