• 4,104 ft lot
• 6 Rent Stabilized, 2 Free Market and 2 stores
• 3 Blocks away from the Tremont Avenue B, D
• R8 High Density Zoning

Landair Advisors has been exclusively retained to sell 240 East Tremont Avenue, a mixed-use asset comprised of 8 residential units and 2 retail spaces. This is a rare opportunity to acquire a cash flowing property with a clear runway toward future redevelopment.

The existing building consists of a 4 story, 12,160 SF building configured with 8 apartments and 2 stores. The residential mix includes 6 rent stabilized units and 2 market rate units. Currently, two rent stabilized apartments and one retail space
are vacant. All leases are scheduled to expire in early 2027, offering near term flexibility for repositioning, owner occupancy, or a phased redevelopment strategy.

The R8 zoning allows for 29,548 buildable SF as of right, with the potential to increase to 35,458 with UAP, positioning the asset as a viable long term development play.

The property benefits from strong transit accessibility, located approximately 0.2 miles from the B/D subway lines on Tremont Av, 0.3 miles from Metro North, and 0.4 miles from the 4 train on Jerome Av. This connectivity enables direct access to Midtown Manhattan in under 30 minutes. The surrounding neighborhood is well supported by essential amenities, including schools, healthcare facilities, and neighborhood retail, reinforcing long- term residential demand.