1602 Hering Ave - Medical FOR SALE


Bronx, NY 10461- Morris Park
$1,790,000 USD
718-475-4353
1602 Hering Ave, Bronx, NY for Sale
$1,790,000 USD
Medical - FOR SALE
1/4
null | Request Cap Rate

1602 Hering Ave
Bronx, NY 10461
Morris Park


HIGHLIGHTS

  • Existing Income: Lot 39 features an existing ~1,642 SF building with a medical office on the ground floor and a residential unit above

OVERVIEW

We are pleased to present the Morris Park Assemblage, a versatile development opportunity located in one of the Bronx’s most desirable residential enclaves. This offering combines a 50-foot wide vacant parcel with an adjacent improved lot, creating a total footprint of 7,500 square feet with significant frontage on Hering Avenue, and includes DOB approved drawings. Situated in an R4 Zoning District, the site offers a unique “dual-track” development potential. It is ideally zoned for high-density Community Facility (Medical) use—capitalizing on its location in the Bronx’s “Medical Mile”—while also possessing the perfect dimensions and zoning fundamentals for three residential buildings that contain three two-bedroom apartments. (Assemblage includes Block 204113, Lots 39 & 40)

FOR SALE DETAILS

PRICE

$1,790,000 USD

PRICE/SF

$1,090 USD /SF

CAP RATE

Request Cap Rate

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Office

PROPERTY SUBTYPE

Medical

TOTAL BUILDING SIZE

-

STORIES

2

BUILDING CLASS

C

YEAR BUILT

1920

SPRINKLERS

-

PARKING SPACES

2

LAND DETAILS

LAND ACRES

0.17 AC

LAND SF

7,608 SF

ZONING

R4, Building Class is O2

APN/PARCEL ID

04113-0039,04113-0040

ASK ABOUT THIS PROPERTY

Jakub NowakMarcus & MillichapMore Info
718-475-4353

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Jakub NowakMarcus & MillichapMore Info
718-475-4353

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