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790 Allerton Avenue, Bronx
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
- Square Footage18,000
- Year Built1935
- Elementarycall Listing Agent
- Middlecall Listing Agent
- Highcall Listing Agent
- Address790 Allerton Avenue
- SubdivisionPreliminary for 54 unit/r
- Zip Code10467
- Lot DescriptionCorner Lot
- Listing Courtesy ofRichard Greco Real Estate
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Listing information last updated on February 16th, 2019 at 11:58pm EST.