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$1,900,000
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Property Description
Discover a rare investment opportunity in the heart of City Island, a vibrant, nautical community in the Bronx known for its charm, history, and strong local business presence. The ground floor hosts four (4) separate commercial storefronts, all with street frontage along City Island Ave., a high foot-traffic area perfect for professional service. Perfectly suited for investors or owner-occupants looking to live and earn in one of the most unique neighborhoods in New York City. This newly renovated mixed-use property offers a blend of residential comfort and commercial. Located on the top floor, features four (4) beautiful apartments, including: 2, two bedroom apartment, one bedroom, and a very large studio apartment. Fully updated unit with an open-concept layout, flooded with natural light including 4 large skylights in one of the apartments, and modern kitchens and bathrooms. Beautiful high ceilings and quality finishes with updated roofing and skylights. This asset offers strong upside potential with a low in-place rent roll and substantial projected income in future. Pending Final Certificate of Occupancy | Projected High Rent Roll |Property Tax Grievance in Progress. Don't miss this opportunity to own a piece of City Island's commercial and residential charm. Whether you're an investor or a business owner looking for a space to live or work - 312-316 City Island Ave offers flexibility, income potential, and long-term value.
Full Property Details
Full Property Details for 312-316 City Island Ave
General
- Price: $1,900,000
- Taxes: $36,330
- Status: Active
- Type: Commercial
- Source: Long_Island
- MLS ID: 907496
- Updated: 1/7/2026
- Added to Site: 119 day(s) ago
Business
- Business Type: Commercial, Residential
Interior
- Appliances: Electric Water Heater
- Flooring: Ceramic Tile
Additional Information
- Improvements: Brand new apartment. 3 year old roof. Store front was redone with baseboard heating .
Location
- County: Bronx County
- Cross Streets: Fordham St.
- Driving Directions: City Island and Fordham
Heating & Cooling
- Central air: Yes
- Cooling Type: Central Air
- Heating Type: Electric
- Heating Zones: 3
Utilities
- Sewer: Public Sewer
- Water: Public
- Utility Description: Electricity Connected
Structural Information
- Detached/Attached: Attached
- Construction: Brick
- Basement: Yes
- Basement Desc.: Partially Finished
- Common Walls: 1 Common Wall
- Stories/Levels: 4
- Stories in Building: 4
- Building Size: 8032
- Square Feet: 8,032
- Year Built: 1931
Lot Features
- Lot Size (Acres): 0.1631
- Lot Size (Sq. Ft.): 7,105
- Zoning: R3A C12
Financial Considerations
- Tax Amount: $36,330
Disclosures and Reports
- Special Conditions: None
- Property ID: 05644-0003
Listed by Direct Choice Realty
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Schools
Schools serving 312-316 City Island Ave
School District:New York City Geographic School District 11
| Name | Grades | Distance |
|---|---|---|
Ps 175 City Island 200 City Island Ave, The Bronx, NY 10464 | K-8 | 0.3 mi |
Disclaimer:
School attendance boundaries provided by Pitney Bowes and are for reference only. Contact the school directly to verify enrollment eligibility.
Price & Sales History for 312-316 City Island Ave
Date
Details
Price
Change
Source
1/07/2026
Price Reduced
$1,900,000
-9.52%
MLS
9/24/2025
Listed
$2,100,000
115.38%
MLS
9/22/2017
Sold
$975,000
—
Public Record
Disclaimer: Historical sales information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.
Tax History
Tax History for 312-316 City Island Ave
Year
Property Taxes
Change
Tax Assessment
Change
2025
$77,012
21%
$715,590
2%
2024
$63,393
-16%
$702,270
-1%
2023
$75,357
5%
$711,456
-7%
2022
$71,648
6%
$766,350
11%
2021
$67,843
29%
$688,050
19%
2020
$52,462
7%
$578,250
8%
2019
$49,101
14%
$533,250
23%
2017
$43,064
—
$433,890
6%
2017
$43,064
6%
$409,590
7%
2016
$40,617
13%
$384,120
13%
2015
$36,069
29%
$338,490
-8%
2014
$27,891
-17%
$367,650
7%
2013
$33,760
—
$343,350
—
Disclaimer: Historical tax information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.
Estimate the Cost
Estimate the Cost for 312-316 City Island Ave
312-316 City Island Avenue, Bronx, NY 10464 (MLS# 907496) is a Commercial property. 312-316 City Island Avenue is currently listed for $1,900,000 and was received on September 24, 2025. Want to learn more about 312-316 City Island Avenue? Do you have questions about finding other Commercial real estate for sale in Bronx? You can browse all Bronx real estate or contact a Coldwell Banker agent to request more information.

