536 Wales Ave - Apartments FOR SALE


Bronx, NY 10455- North New York
$28,900,000 USD
914-907-3858
536 Wales Ave, Bronx, NY for Sale
$28,900,000 USD
Apartments - FOR SALE
1/1
null | Request Cap Rate

536 Wales Ave
Bronx, NY 10455
North New York


OVERVIEW

This newly built property in the South Bronx presents a strong investment opportunity in a rapidly developing area. Ideally located near major new developments, public transportation, and highways, it offers excellent accessibility and convenience. Just minutes from Manhattan, the property is well-positioned for long-term value growth and rental demand. Details: Size: 52,735 SF Lot Size: 11,687 SF Price: $28.9mm Zoning: R7-1, C1-4 Notes: New construction, 70 apartments and retail space, Parking on site, Two elevators, Community facility space in lower level, Six stories Features: Located in the South Bronx Located just off of the Bruckner Expressway (I-278) Very close to new Bronx jail site Three blocks from Subway

FOR SALE DETAILS

PRICE

$28,900,000 USD

PRICE/SF

$687 USD /SF

# OF UNITS

70

PRICE/UNIT

$412,857

CAP RATE

Request Cap Rate

% LEASED

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Mid-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

6

YEAR BUILT

2024

PARKING SPACES

15

LAND DETAILS

LAND ACRES

0.27 AC

LAND SF

11,645 SF

ZONING

R7-1/C-1-4

APN/PARCEL ID

02581-0016

ASK ABOUT THIS PROPERTY

Elias EverettSouth Bronx Commercial Real EstateMore Info
914-907-3858

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Elias EverettSouth Bronx Commercial Real EstateMore Info
914-907-3858

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