790 Allerton Avenue
Bronx, NY 10467
MLS #4740366

Land
  • 0.24acres
$9,900,000
Est. P&I payment: $37811.29/mo
790 Allerton Avenue, Bronx, NY 10467
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Description for 790 Allerton Avenue, Bronx, NY 10467
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
MLS #4740366
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My Notes for MLS #4740366

General Features

  • Status: Active
  • Property Type: Land

Exterior Features

  • Lot Description: Corner Lot
  • Lot Size Area: 0.2414
  • Road Front Description: Municipal
  • Topography: Level
  • Water Access YN: 1
  • Water Description: Municipal

Interior Features

  • Sq Ft Total: 18,000
  • Sq Ft Source: Municipality

Utility Features

  • Available Utilities: Phone
  • Garbage: Public
  • Utilities On Abutting Site: Gas

Financial Features

  • Tax Amount: 86,000
  • Tax Source: Municipality
  • Tax Year: 2016

Community Features

  • Post Office: Bronx
  • Subdivision Development: Preliminary for 54 u
  • Village: None

School Features

  • Elementary School: Call Listing Agent
  • High School: Call Listing Agent
  • Junior Middle High School: Call Listing Agent
  • School District: Bronx

Miscellaneous Features

  • Year Built: 1935
  • Year Built Exception: Actual

Location

 
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The listing information for 790 Allerton Avenue, Bronx, NY 10467 was graciously provided by our friends at the listing brokerage, Richard Greco Real Estate

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P&I Payment $37811.29
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Last Updated 02/18/2018 at 10:16pm