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Posted: Saturday, September 2, 2017 2:55 PM

Development site available with great income projection: 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 or develop 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 $13,000,000

Contact Name: Richard Greco
Phone: (718) 518-8588

For more details: https://realtyww.info/land-lots/land-for-sale-in-bronx-ny_i299014

• Location: Bronx

• Post ID: 131686707 newyork
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