- Bedrooms: 7
- Bathrooms: 4
- Price: $1,449,999
Welcome to Concourse Village, a rare, fully renovated, mixed-use investment opportunity in one of the Bronx's most accessible neighborhoods. This versatile building features three updated residential units totaling 7.5 bedrooms and 3.5 bathrooms, plus a modernized ground-floor commercial space, and will be delivered vacant at closing—giving the new owner immediate flexibility to rent at market rate, occupy, or reposition the asset. This is an ideal opportunity for developers, owner-users, and investors seeking a clean slate in a high-demand corridor. Priced at $1,450,000 with a projected Net Operating Income of $120,894, the property offers a projected capitalization rate of 8.34%—well above the typical benchmark for Bronx multifamily—and a projected equity return of 12.91%, based on 20% down at a 6% interest rate on a 30-year amortization. Projected rents are underwritten using current NYC Payment Standards, providing a conservative, voucher-backed baseline; market rents in the area can generate even stronger returns. Tenants are responsible for their own utilities, keeping operating expenses lean and cash flow predictable from day one. Each residential unit has been thoughtfully