Fully renovated and income-producing, this three-unit mixed-use property generates over $8,300 per month and features two spacious 3-bedroom apartments above a commercial space leased as a nail salon. With ultra-low annual taxes (˜$77) and solar panels for energy efficiency, operating costs stay minimal. Prime BX17 location near Crotona Park with great transit access. Additionally, an investor’s delight—one of the three units is leased below market, so call now to learn which one and unlock built-in rent-growth potential!
Listed by Tano Holmes
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Century 21 Milestone Team Rlty
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718-291-7000
Listed by Victor Banks SFR
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Century 21 Milestone Team Rlty
Last updated October 21, 2025
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Source: OneKey #924365
Listing Facts
TypeMulti-family
NeighborhoodMorrisania
Bedrooms7
Bathrooms3
Days on Prevu9
Taxes$6,000/year
Location
Mortgage Calculator
Listing History
10/14/2025
Listed by Century 21 Milestone Team Rlty
$1,150,000
Estimated Closing Costs
Total
$43,885
Attorney Fees
$4,000
NYC Mansion Tax
$11,500
Title Insurance
$5,175
Bank Attorney
$1,500
Mortgage Recording Tax
$17,710
Other Closing Costs
$4,000
Estimated closing costs are based on the list price of $1,150,000 and a 20% downpayment. These estimates are for indicative purposes only. Actual closing costs may vary for each transaction. See the Closing Costs Calculator for calculations specific to your situation.
Property Details for 1371 Prospect Avenue
Exterior
Construction
Number Of Units Total: 3
Property Attached: Yes
Property Condition: Fixer
Year Built: 1901
Construction Materials: Frame
Measurements
Building Area Total: 2,458
Building Area Units: Square Feet
Lot Size Acres: 0.03
Lot Size Square Feet: 1,380
Financial
Taxes
Parcel Number: 02968-0048
Tax Annual Amount: $6,000.00
Tax Assessed Value: $40,260.00
Tax Year: 2024
Interior
Features
Flooring: Other
Interior Features: Other
Rooms
Basement: See Remarks
Bathrooms Full: 3
Bathrooms Total Integer: 3
Bedrooms Total: 7
Schools
Elementary School
Elementary School: Ps 25 Bilingual School
Elementary School District: Bronx 7
High School
High School: Mott Haven Community High School
High School District: Bronx 7
Middle or Junior School
Middle Or Junior School: Academy Of Applied Math And Tech
Middle Or Junior School District: Bronx 7
Utilities
Equipment
Cooling: Multi Units
Heating: Natural Gas, Other
Sewer: Public Sewer
Utilities: Cable Available, Electricity Available, Natural Gas Available
Water Source: Public
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