1547 Commonwealth Ave

Ariel Property Advisors is pleased to present 1547 Commonwealth Avenue, a 13-unit mixed-use property on the southeast corner of Commonwealth and East Tremont Avenue in the Parkchester section of the Bronx. 1547 Commonwealth is a unique 4-story corner asset spanning approximately 14,063 square feet with 85’ of frontage on East Tremont Avenue, which provides great visibility for the retail tenant. The building contains 12 residential units which consists of three (3) 1- bedroom, three (3) 2-bedroom, and six (6) 3-bedroom apartments as well as 1 commercial unit. The residential portion is currently operating at $13 per square foot, offering significant upside for investors in an emerging Bronx multifamily market. Located conveniently to the 2/5 subway station on East 180th Street as well as the Cross-Bronx and Bronx River Expressway the property provides immediate access to the outer boroughs and Westchester.