865-869 East 165th Street

865-869 East 165th Street (aka 1023 Reverend James Polite Avenue) is a five-Story, 15 unit mixed-use apartment building located on the corner of Reverend James Polite Avenue and East 165th Street in the Foxhurst neighborhood of the Bronx. The building contains three commercial and 12 residential units with approximately 100 feet of frontage along East 165th Street. The building is comprised of 8 one-bedroom apartments and 4 two-bedroom apartments with an average unit size of 1,077 sqft. Of the 12 residential units, three are free market. Future ownership has the ability to increase rents based on significant preferential rents that are being offered on all rent stabilized apartments. Recent building improvements include a new roof and flashing that was completed in 2015. Tenants benefit from the property’s close proximity to a main retail corridor along Westchester Avenue which includes nation retail tenants such as Dunkin Donuts, Rite Aid, Planet Fitness and Dollar Tree. The property is within walking distance of over 10 city parks and playgrounds including the new Concrete Plant Park. Transportation is readily available via the Intervale Avenue and Simpson Street 2 & 5 Subway stations which can transport area residents to Penn Station and Grand Central Terminal in less than 40 minutes.