Assignments

Crotona Park East Mixed-Use Building with Development Potential

861 Freeman St, Bronx, NY 10459

861 Freeman St, Bronx, NY 10459

under contract

Asking
Sale Price
$
1300000

Property Details

Status
For Sale
Property Type
Residential Development Site
Price Summary
$
1300000
Sale Price
$
Buildable SF
12775
Building SF
12775
LOT SF
12775
Cap RATE
%
Zoning
R7-1

Highlights

  • Located 2 blocks from the 2 and 5 train Freeman Street Stop
  • Can be delivered vacant at closing
  • Currently 3-story mixed-use building with 2 apartments and a store with 3,930 SF

Property DEscription

Landair Property Advisors has been retained to sell 861 Freeman Street, a mixed-use building with 2 apartments and 1 retail store. The projected rent roll is over $140,000 per year or the property can be developing into a new residential building. With a lot size measuring a total of 2,550 SF lot and zoned R7-1, the property offers developers a as of-right buildable Sq. Ft. of 8,772. Additionally, a builder can take advantage of 12,775 BSF with UAP. Currently built as a 3-story (2) family and a store with 3,930 SF. with building dimensions of 25’x54’. The building can be delivered vacant at closing. Both Units are 6 Bedrooms, 1 Bathroom each. The apartments also have electric heat. 861 Freeman Street is located .2 Miles from the Freeman Street 2,5 Train Subway Station.

Map

Anand Melwani
Partner
(516) 658-1222
am@landairnyc.com

Documents

Offering Memorandum
Data Room

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