$9,900,000

790 Allerton Avenue, Bronx, NY 10467

18,000

Sq.ft

$550

/sq.ft

Property Description

PRICE REDUCED TO $9,900,000 FOR THIS ONE OF A KIND DEVELOPMENT SITE WITH APPROVED PLANSDEVELOPMENT SITE CONSISTING OF 18,000 SF ZONED R6: GREAT INCOME PROJECTION: Site consists of approved plans for the construction of a 54 unit apartment complex with 17,000 SF of retail space and 23 parking spaces. Ready to go. Use ours plans or your own. Located in the heart of Pelham Parkway North/Allerton Ave, Retail strip. This gem of a property is situated near NYC Subway system (White Plains Road) proximate to high density apartment houses, high pedestrian traffic. Formerly a Pioneer Supermarket. Purchase includes 7,500 adjoining lot as part of package deal. PGI 37 1 Bedroom units at $1,500/mo or $660,000 per year plus 17 2 bedroom units at $1,900/mo or $387,600 15,000 retail at triple net lease $45,000/mo or $540,000/yr and 27 parking spaces at $200/mo or $64,800 / yr. Total Projected Gross Income Estimate of $1,652,400. Asking price for entire package $9,900,000

Features

  • Property Type:

    • Land
  • County:

    • Bronx County
  • Year Built:

    • 1935
  • Lot Features:

    • Corner Lot
  • Lot Area:

    • 10515
  • Floor Laundry:

    • No
  • Health Club:

    • No
  • Storage:

    • No
  • Unit Washer-Dryer Allowed:

    • No
  • MLS Name: HGMLS
  • MLS Number: 4740366
  • Listing Agent: Richard Greco
  • Brokerage: Richard Greco Real Estate
  • Last updated: 2018-01-31
  • Last checked: 2019-03-22
  • Listing status: Active

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$9,900,000

790 Allerton AvenueBronx, NY 10467

Bed Bath
18,000 Sq.ft$550/sq.ftLand

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