1144 Rev James Polite Avenue, Bronx, NY, 10459 | $400,000

Parking Garage for Sale in Foxhurst – Prime Investment with Turnkey Management. Discover this rare commercial opportunity in the Foxhurst neighborhood of the Bronx. This parking garage, located on Polite Avenue, sits on a 750 sq. ft. structure with a lot size of 1, 101 sq. ft. With its compact yet functional layout, this property is ideal for investors or entrepreneurs looking to establish a reliable income-generating business in a high-demand area. Parking continues to be one of the most valuable commodities in New York City, and this garage offers the potential to capitalize on that demand—whether for daily rentals, monthly parking agreements, or even as a private storage facility. The property is situated in a well-connected neighborhood, close to major roadways and public transportation, ensuring consistent traffic and accessibility for clients. Its size and layout make it flexible for different business models, from traditional parking to creative commercial use. Investment Potential & Passive Income - This property is designed for the savvy investor who wants their asset to work for them. Whether you choose to use the space for your own needs or lease it out entirely, the income potential is significant: Monthly Parking: In the current market, secure private parking spots in this area of the Bronx can command between $250–$400 per month. With 750 sq. ft. , you can easily generate substantial monthly revenue from multiple vehicles. Commercial Storage: Local demand for "micro-flex" or contractor storage is high, with similar spaces renting for approximately $20–$25 per sq. ft. annually, potentially yielding $1, 200–$1, 500+ per month. Purchasing the property is just the first step. Our team also offers full rental and tenant-placement services after purchase, helping you transition seamlessly from closing to cash flow. Whether you are seeking a stable long-term investment, a space to expand your current business, or a new commercial venture in a thriving Bronx neighborhood, this Foxhurst parking garage presents an ideal opportunity at an attractive price point.

Features

  • Property Type: Business
  • Construction: Other
  • Utilities: Trash Collection Public
  • Heating: Other
  • Cooling: Central Air
  • Year Built: 1910
  • Acreage: 0.03
  • Est. Taxes: $3,807
  • MLS#: 951797
  • Days on Market: 19 days
  • Website: https://www.raveis.com
    /prop/951797/1144revjamespoliteavenue_bronx_ny?source=qrflyer
Listing information has been assembled from various sources of varying degrees of reliability. Any information critical to the buying decision should be independently verified.Listing courtesy of WW Realty Group Inc   Phone: 917-319-8892

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Frank KolbSenior Vice President - Coaching & Strategic, William Raveis Mortgage, LLC

NMLS Mortgage Loan Originator ID 81725

203.980.8025

Frank.Kolb@raveis.com

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1144 Rev James Polite Avenue, Bronx, NY, 10459

$400,000

Customer Service

William Raveis Real Estate

Phone: 888.699.8876

Contact@raveis.com

Frank Kolb

Senior Vice President - Coaching & Strategic

William Raveis Mortgage, LLC

Phone: 203.980.8025

Frank.Kolb@raveis.com

NMLS Mortgage Loan Originator ID 81725

5/6 (30 Yr)
Adjustable Rate Conforming*
30 Year
Fixed-Rate Conforming
15 Year
Fixed-Rate Conforming
Loan Amount $320,000 $320,000 $320,000
Term 360 months 360 months 180 months
Initial Interest Rate** 5.375% 5.990% 5.125%
Interest Rate based on Index + Margin 8.125%
Annual Percentage Rate 6.137% 6.132% 5.396%
Monthly Tax Payment $317 $317 $317
H/O Insurance Payment $75 $75 $75
Initial Principal & Interest Pmt $1,792 $1,917 $2,551
Total Monthly Payment $2,184 $2,309 $2,943

* The Initial Interest Rate and Initial Principal & Interest Payment are fixed for the first and adjust every six months thereafter for the remainder of the loan term. The Interest Rate and annual percentage rate may increase after consummation. The Index for this product is the SOFR. The margin for this adjustable rate mortgage may vary with your unique credit history, and terms of your loan.

** Mortgage Rates are subject to change, loan amount and product restrictions and may not be available for your specific transaction at commitment or closing. Rates, and the margin for adjustable rate mortgages [if applicable], are subject to change without prior notice.

The rates and Annual Percentage Rate (APR) cited above may be only samples for the purpose of calculating payments and are based upon the following assumptions: minimum credit score of 740, 20% down payment (e.g. $20,000 down on a $100,000 purchase price), $1,950 in finance charges, and 30 days prepaid interest, 1 point, 30 day rate lock. The rates and APR will vary depending upon your unique credit history and the terms of your loan, e.g. the actual down payment percentages, points and fees for your transaction. Property taxes and homeowner's insurance are estimates and subject to change.