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For Sale: Prime Mixed-Use Corner Property in Mott Haven

For Sale: Prime Mixed-Use Corner Property in Mott Haven

For Sale: Prime Mixed-Use Corner Property in Mott Haven
Price
$1,900,000

$1,799,999

Address
386 East 139th Street
Map Address
386 East 139th Street, Bronx, NY, 10454
Zip/Postal Code
10454
Country
US
Location
Bronx
Status
For Sale
Property Type
Mixed Use
Building Size
11550 Sq Ft
Lot Size
2500 Sq Ft
Zoning
R6, C1-4
Block
2301
Lot
23
Property Tax Amount
$47,803
Annual Income
$350,939.10
Total Expenses
$151,939
NOI
$199,000.10
Year Built
1905
Stories
5
Residential Units
18
Commercial Units
1
ERG Commercial Real Estate is pleased to present the exclusive sale of 386 E 139th Street, also known as 249 Willis Avenue, a prime corner property located in the heart of Mott Haven, one of the Bronx’s most rapidly transforming neighborhoods. It’s a five-story walk-up building consisting of 18 apartments and 1 retail unit. The property sits on a 2,500 SF lot and totals 11,550 SF. It benefits from excellent transit access, multiple bus routes, and immediate connectivity to the Major Deegan Expressway (I-87), the Bruckner Expressway (I-278), and the Willis Avenue Bridge into Manhattan. Surrounded by national retailers such as Target, Home Depot, Costco, and Starbucks, the property has strong foot traffic and consumer demand. The area’s growth is further supported by nearby schools including P.S. 18 John Peter Zenger Elementary, Mott Haven Academy Charter School, and Hostos Community College. In addition, the neighborhood has attracted large-scale residential developments such as Bankside by Brookfield, The Arches, and other new luxury rental projects, underscoring Mott Haven’s evolution into a vibrant residential and commercial hub.