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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:

• Location: Bronx

• Post ID: 131686707 newyork is an interactive computer service that enables access by multiple users and should not be treated as the publisher or speaker of any information provided by another information content provider. © 2017