1056 Washington Ave - Service FOR SALE


Bronx, NY 10456- Morrisania
$1,995,000 USD
914-441-2254
1056 Washington Ave, Bronx, NY for Sale
$1,995,000 USD
Service - FOR SALE
1/11
null | Request Cap Rate

1056 Washington Ave
Bronx, NY 10456
Morrisania


HIGHLIGHTS

  • Attractive investment for Mixed Developer or Owner User (with potential rents from apartments).
  • Maximum Buildable Area: 15,979 SF (4,645 SF lot × 3.44 FAR)
  • Proximity to transportation, high-density accessible location.

OVERVIEW

1056 Washington Avenue is a Mixed-Use building of approximately 6750 square feet. The property comprises 4700 sf shop/warehouse on the ground floor, a mezzanine office/lounge and two spacious apartments that are under renovation-to be completed by purchaser. The lot carries dual underlying zoning of M1-1 (light manufacturing) and R7-2 (medium-density residential) within the MX-7 Special Mixed-Use District, which permits as-of-right residential development over ground-floor commercial/manufacturing uses. The shop/warehouse has a roll-up door that is 11”by 12” and high ceilings (approximately 12 feet). The mezzanine office has been fully renovated and is in excellent condition. There are two apartments, flooded with light, with high ceilings and great windows, two bedrooms and one bath each. The second-floor apartment requires full renovation. The apartment has been gutted, and renovation is in the beginning stage. The renovation in the third-floor apartment is advanced. The residential units, once finalized, will provide stable income to investor/owner. No-off street parking. Sold "As-Is".

FOR SALE DETAILS

PRICE

$1,995,000 USD

PRICE/SF

$263 USD /SF

CAP RATE

Request Cap Rate

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment Or Owner User

BUILDING DETAILS

PROPERTY TYPE

Industrial

PROPERTY SUBTYPE

Service

TOTAL BUILDING SIZE

-

STORIES

3

YEAR BUILT

1930

UTILITIES

Lighting, Gas, Water, Sewer, Heating

CLEAR CEILING HT

11 Ft

DOCKS

-

DRIVE INS

1

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.1

LAND SF

4,356

ZONING

M1-1

APN/PARCEL ID

02370-0008

ASK ABOUT THIS PROPERTY

Teresa MarzianoHoulihan Lawrence CommercialMore Info
914-441-2254

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.

Teresa MarzianoHoulihan Lawrence CommercialMore Info
914-441-2254

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.