Investment Property Realty Group (IPRG) has been exclusively retained to market for sale 1927 Gildersleeve Avenue, a unique mixed use investment opportunity located at the intersection of Soundview Avenue and Rudd Place in the Clason Point section of The Bronx.
The property consists of a 23,642.5 square foot lot featuring a long-term Battery Energy Storage System (BESS) lease with Orenda, in addition to excess land improved with a detached single-family residence.
The BESS portion of the site occupies approximately 60’ x 167’ and is secured by a 25-year lease with scheduled 2% annual rent increases, providing stable long-term income through August 1, 2048.
The remaining portion of the property consists of approximately 30’ x 175’ and is improved with a one-story single-family home
containing 6 bedrooms and approximately 1,000 square feet.
1927 Gildersleeve Avenue is strategically positioned in the evolving Clason Point neighborhood and offers convenient access to major
transportation corridors, as well as the 6, 2, and 5 subway lines. The property presents investors with a rare opportunity to acquire a
stable cash-flowing asset with long-term leased infrastructure income and additional upside through the remaining excess land.