THREE INCOME STREAMS. ESTABLISHED TENANCY. EXCEPTIONAL INVESTMENT POTENTIAL!An outstanding opportunity to own a three-story, income-producing mixed-use property in the heart of the Bronx! 245 East 198th Street delivers the ideal combination of established rental income, commercial stability, free-market residential apartments, and long-term growth potential, all under one roof. This impressive brick building features a prominent ground-floor commercial space occupied by Evergreen Physical Therapy, an established medical tenant operating from a professionally designed facility. With expansive storefront windows, excellent street visibility, welcoming reception areas, spacious rehabilitation and treatment spaces, and private examination rooms, the commercial space offers a functional and attractive setting. The existing lease provides scheduled annual rental increases and two additional five-year renewal options, creating opportunities for continued income growth. Above the commercial space are two residential apartments, both occupied by long-term, free-market tenants. These additional income streams provide valuable diversification and enhance the property's overall investment appeal. Now let's talk numbers! With approximately $151,428 in projected annual gross rental income, a preliminary net operating income of $126,414, this property offers investors a compelling opportunity to acquire an established income-producing asset with potential for future appreciation. The property's classic brick architecture, strong street presence, and location along an active neighborhood commercial corridor further enhance its appeal. Surrounded by residential communities, established businesses, and everyday conveniences, 245 East 198th Street is positioned to benefit from continued neighborhood activity and demand for both commercial and residential space. Whether you're an experienced investor expanding your portfolio or seeking your next New York City income-producing property, this is an opportunity worth exploring. THREE TENANTS. MULTIPLE REVENUE STREAMS. ONE SMART INVESTMENT OPPORTUNITY.