Dennis Barr - John J Lease Realtors Logo
$1,551,000
 $8,326 est/mo Sourced by Back At You

924 Rev James Polite Avenue,Bronx, NY 10459

Bronx, NY 10459

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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.

Details

MLS #982360
Listing TypeFor Sale
Sub-TypeResale
StatusActive
Year2005
Days On Site154
Listing Provided ByEXP Realty | William Astudillo

Features

Bed(s)5
Bath(s) 5 Total
SQ Feet9,570
Units4
Acreage0.05

Interior

CoolingWall/Window Unit(s)
HeatingNatural Gas
Interior FeaturesFirst Floor Bedroom

Exterior

Construction MaterialsBrick

Parking

Garage Yes / NoNo
Parking FeaturesNone

Utilities

UtilitiesElectricity Connected, Natural Gas Connected, Water Connected
SewerPublic Sewer

Taxes

Tax Year2025
Tax Assessed Value582300
Tax Annual Amount1547.44
Tax Lot80

Area Information

StateNY
CountyBronx County
CityBronx
Zip Code10459
School DistrictMetropolitan High School (The)
Elementary SchoolUrban Scholars Community School
High SchoolMetropolitan High School (The)
Listing VS Median (in 10459)
Price:
$1,551,000
low | high
Med:
$599,000
100% of Average
sqft:
9,570
low | high
Med:
1,428
100% of Average
$ / sqft:
$162
low | high
Med:
$419
100% of Average
On site:
154
low | high
Med:
219
70.319634703196% of Average
Sourced by Back At You

Market Activity 10459

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Additional Information

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Learn More About This Property

Dennis Barr

Dennis Barr

John J Lease REALTORS

 (845) 527-5125dennybarr@johnjleaserealtors.com
StateNY
CountyBronx County
CityBronx
Zip Code10459
School DistrictMetropolitan High School (The)
Elementary SchoolUrban Scholars Community School
High SchoolMetropolitan High School (The)
Listing VS Median (in 10459)
Price:
$1,551,000
low | high
Med:
$599,000
100% of Average
sqft:
9,570
low | high
Med:
1,428
100% of Average
$ / sqft:
$162
low | high
Med:
$419
100% of Average
On site:
154
low | high
Med:
219
70.319634703196% of Average
Sourced by Back At You
Nearby Listings (Within 1/2 mile)
Price: $1.163M - $1.938M
sqft: 7,000 - 11,500
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1074 Hall Place Property Photo 1
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1074 Hall Place
Bronx, NY 10459
919 Avenue Saint John Property Photo 1
$1,075,000
919 Avenue Saint John
Bronx, NY 10455
Listing Updated: July 9, 2026 at 3:22:04 PM PDT

Dennis Barr - John J Lease Realtors