Assignments

50' x 100' Development Site with 10,000 BSF

3044 Young Avenue, Bronx, NY 10469

3044 Young Avenue, Bronx, NY 10469

under contract

Asking
Sale Price
$
1335000
1335000

Property Details

Status
For Sale
Property Type
Residential Development Site
Price Summary
$
1335000
Sale Price
$
1335000
Buildable SF
10000
Building SF
10000
LOT SF
10000
Cap RATE
%
Zoning
R6B, C2-3, R5

Highlights

• 50’ × 100’ lot (5,000 sq. ft.) with 10,000 BSF as-of-right or 12,000 BSF UAP • Existing building will be delivered vacant • 0.2 miles to Gun Hill Road 2 & 5 trains

SELLER FINANCING AVAILABLE • Seller Financing Available: 70% LTV • 10% Interest Rate • 2 Year Term • No Prepayment Penalty after the first 6 Months • 2 Points in

Property DEscription

Landair Advisors has been exclusively retained to arrange the sale of 3044 Young Avenue, Bronx. The 50' x 100' midblock lot is zoned R6B with a C2-3 overlay (approx. 12% in R5), permitting up to 10,000 buildable sq. ft. and up to 14 units as-of-right. Seller financing available – see details below. Currently improved by a single-family house, to be delivered vacant at closing. Just 0.2 miles from the Gun Hill Road subway station (2/5 trains) and serviced by Bx28, Bx38, and Bx39 bus service, the site sits in an active development corridor.

Map

Maha Alaoui
Senior Associate
(516) 713-7161
malaoui@landairnyc.com

Documents

Offering Memorandum
Data Room

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