ONE Commercial Completes Sale of Bronx Vacant SRO Building for $600K

New York, NY – March 14, 2018

ONE Commercial Realty Services is pleased to announce the sale of 423 East 136th Street. The subject property is a 16.67’ wide walk-up SRO building located in the heart of the Mott Haven district in the Bronx on 136th Street between Willis Avenue and Brown Place. The building, which was previously a church, totals 3,000 SF and consists of thirteen (13) residential units. The property was delivered vacant. The property neighbors a busy commercial corridor on 138th Street that offers a wide variety of shops and restaurants.

Exclusive agents Josh Lipton and Andrew Levine represented the owner.

The building is situated a few short blocks away from the 6 subway line at Brook Avenue and East 138th Street.

“The vacant asset represented a blank canvas for the purchaser to convert the building into a live-plus income or multi-family income producing building in an emerging neighborhood in the Bronx.”, said ONE Commercial’s Executive Managing Director Josh Lipton.

 

About ONE Commercial

Powered by a highly skilled team, ONE Commercial is one of New York’s preeminent full-service commercial real estate firms, priding itself in providing best in class services to our clients on a consistent basis and is one of the preferred brokerage throughout New York City. With localized knowledge of each of New York City’s geographic areas, our professional brokers provide very specific market knowledge and industry expertise to investors and owners alike. As a result, we achieve superior results for our clients.