292 E 166th St - Apartments FOR SALE


$3,950,000 USD
646-424-5317
292 E 166th St, Bronx, NY for Sale
$3,950,000 USD
Apartments - FOR SALE
1/5
null | Request Cap Rate


HIGHLIGHTS

  • Single-story taxpayer property, poised for redevelopment into a seven-story mixed-use building containing 46 residential units and 14 parking spaces
  • 40,941 BSF
  • Walking distance of the 167th Street subway station serving the [B, D, 4] lines, and the Melrose train station

OVERVIEW

Besen Partners is pleased to exclusively offer for sale this single-story taxpayer property, poised for redevelopment into a seven-story mixed-use building containing 46 residential units and 14 parking spaces, totaling approximately 40,941 BSF. Built circa 1931, the existing property occupies the southeast corner of College Avenue and East 166th Street, within walking distance of the 167th Street subway station serving the [B, D, 4] lines, and the Melrose train station on East 162nd Street. Located just four miles northeast of the vibrant streets of Midtown Manhattan, the neighborhood offers an affordable alternative for those seeking proximity to the city while enjoying a more provincial atmosphere. Home to renowned attractions such as Yankee Stadium and the Bronx Museum of the Arts, the area celebrates a rich cultural heritage and enduring artistic spirit.

FOR SALE DETAILS

PRICE

$3,950,000 USD

PRICE/SF

$96 USD /SF

# OF UNITS

46

PRICE/UNIT

$85,870

CAP RATE

Request Cap Rate

% LEASED

-

STATUS

Proposed

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Concourse Village Development Site

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

7

YEAR BUILT

-

PARKING SPACES

14

LAND DETAILS

LAND ACRES

0.21 AC

LAND SF

9,144 SF

ZONING

R7-1

APN/PARCEL ID

02433-0071

ASK ABOUT THIS PROPERTY

Ronald CohenBesen PartnersMore Info
646-424-5317

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Ronald CohenBesen PartnersMore Info
646-424-5317

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