$9,900,000

790 Allerton Avenue Bronx, NY 10467

Beds: 0
Baths:
Sq Ft: 18000
Type: Lots/Land
MLS#: 4740366
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Estimated Monthly Payment

$5,051
Interest Rate %
Down Payment
5 year
15 year
30 year

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

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DescriptionInterior & Exterior Features

Interior Features Include:

No Information Available.

Exterior Features Include:

Acreage: 0.2400 Acres

Lot:
Description Corner Lot
Topography Level
Waterfront Type Municipal

Other Features Include:

Subdivision: Preliminary for 54 unit/retail

Water: Municipal

This Listing is Presented By
7180

River Realty Services Inc.

River Realty Services Inc.

Work: 845 564 2800119

Fax: (845) 564-0700

Email: showings@riverrealty.com

      
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