Bronx NY, 10467
$1,600,000
Multi Family
Commercial
, 5500 SqFt
Details
ML#: H6324945
- # of Families: 5
- Sale or Rent:Sale
- Year Built: 1929
- Taxes: $19,591
- Status:Active
Description
Attention Developers and Investors! Develop or Keep It @8 CAP!!! Don’t Miss Out on This Exceptional Opportunity! Nestled in the coveted R7B Zoning, this property presents an outstanding development potential with over 15, 000 sq ft of allowed usable FAR. Also, there is a potential to keep the current structure and build on top of it. Delivered Vacant!!! One spacious three-bedroom apartment. Two large two-bedroom apartments. Two large one-bedroom apartment You can also keep the building and have a CAP rate of around 8%. In addition, the property features a detached two-car garage, a long driveway, a backyard, and a laundry room on-site. The attic with soaring high ceilings opens up further possibilities for expansion and added facilities, paving the way for even greater revenue generation. Located just minutes from train stations, shops, parks, schools, Montefiore Hospital, and more, this property is perfectly positioned in a thriving neighborhood. Act Now! Opportunities like this don’t last long secure your investment in a property with limitless potential.
More Property Details
Bedroom: 10
Full Bath: 6
Approx. Int. Sq. Ft.: 5500.00
Parking Spaces: Yes
Parking Spaces: 2
Parking Facilities: Detached, Driveway, Garage
Heat: Natural Gas
A/C: Wall/Window Unit(s)
Water: Public
Sewer: Public Sewer
Taxes: $19,591
School District#: 999
School District: Bronx