Reduced to $12.999M, 14- & 35-year tax break! 3174-3190 Riverdale Ave

Kassin Sabbagh Realty (KSR) is managing the sale of 3174-90 Riverdale Avenue, a prime real estate opportunity in Riverdale. This highly sought-after location features two adjacent buildings with luxurious amenities. The properties include 22 residential units and 8 commercial spaces, offering high-end wood and stone finishes, on-site parking, and a superior live/work standard. Situated in a high-income area, the buildings boast 213 feet of frontage on Riverdale Avenue and 214 feet on Irwin Avenue, nestled between West 231st Street and West 232nd Street in The Bronx’s Riverdale neighborhood. Local educational institutions such as the Fieldston School, Manhattan College, and the Riverdale/Kingsbridge Academy are nearby. Residents benefit from local shopping and dining at places like Liebman’s Deli, Starbucks, Walgreens, and An Beal Bocht Café. Recreational options include Van Cortlandt Park, Seton Park, and Wave Hill’s gardens. Convenient transportation options include Metro-North and subway stations at 231st and Broadway and 225th and Marble Hill. The properties offer a range of amenities including private terraces, outdoor common seating areas, and laundry facilities in every apartment. All units, both residential and commercial, are equipped with central heating and air conditioning. Specifically, 3190 Riverdale features twelve two-bedroom units with two baths, one three-bedroom unit with two baths, and an eight-car indoor garage. In contrast, 3174 Riverdale includes eight two-bedroom units with two baths, one one-bedroom unit with one bath, and a five-car indoor garage. Other features include durable rubber roofs, brick and masonry construction, and comprehensive utility systems. The buildings are equipped with state-of-the-art sprinkler systems, backup pumps, compactor rooms, and both gas and electric meters. Electrical systems feature 160-amp circuit breakers for residential units and 150-200 amp breakers for commercial spaces. Digital elevator rooms with air-conditioning and ‘on-demand’ wall-mounted Navien boilers for heating ensure optimal performance. Commercial units have Carrier heating and AC units. Security cameras are installed throughout, and ADA-compliant elevators provide accessibility to all floors. Both properties benefit from a 421a tax abatement, offering an estimated annual savings of $218,425, with 3174 Riverdale enrolled in the 15-year program.