Ariel Property Advisors has been retained to market 1049 Kelly Street, located on the west side of Kelly Street between East 165th and East 167th Street in the Longwood section of the Bronx. 1049 Kelly Street is a 33’ wide, four (4) story multi-family building spanning approximately 8,932 square feet above ground. The asset contains nine (9) residential units, most of which are spacious 3-bedroom apartments. The ninth (9th) unit, which is a large two (2) bedroom, is pending the Department of Buildings signoff to be legalized. Recent building improvements include gut renovations on most of the apartments along with utilities, common areas and the basement. With rents averaging roughly $17 per square foot, the property offers significant upside for investors in an emerging South Bronx market.