720 Clarence Ave - Multi-Family FOR SALE


Bronx, NY 10465- Throgs Neck-Edgewater Park
$1,998,999 USD
646-584-7751
720 Clarence Ave, Bronx, NY for Sale
$1,998,999 USD
Multi-Family - FOR SALE
1/58
null | Request Cap Rate


OVERVIEW

1321 Shore Drive (also known as 720B Clarence Avenue), Bronx, NY 10465 Waterfront Two-Family with Private Dock, Development Potential & Marina Opportunity Experience waterfront living at its finest in this stunning legal two-family home, situated on an expansive 18,525 sq ft lot in the heart of Throggs Neck. This offering includes two separate lots: Block 5481 Lot 29 (18,525 sq ft) and Block 5481 Lot 27 (approximately 17,000 sq ft), giving you more than 35,000 sq ft of combined land area. With approximately 100 feet of direct water frontage, a private boat dock, and sweeping views of the Long Island Sound from nearly every room, this property is truly exceptional. The home features six bedrooms and four bathrooms across two spacious units, including a walkout basement apartment with its own living room and two additional bedrooms, creating the perfect setup for extended family, guests, or steady rental income. Each room in the home is equipped with its own individual heating and cooling split unit, providing year-round comfort and energy efficiency. The exterior includes a saltwater heated pool and hot tub, ample parking, and private outdoor areas that showcase the stunning water views. Inside, the home is filled with natural light and offers bright, open living areas designed to take full advantage of the property's waterfront setting. Zoned R3A with a C3A waterfront designation across both lots, the property benefits from an easement and offers considerable development flexibility, making it ideal for long-term value growth or future expansion possibilities. The wide waterfront frontage and existing dock infrastructure also introduce a unique marina-related business opportunity. Due to the scarcity of private docking options in this part of the Bronx, the property is well-positioned for small-scale marina use, including seasonal boat-slip rentals, private dockage, jet ski or paddleboard rentals, and other boating services, subject to applicable approvals. Waterfront access in this area commands strong demand, giving investors and owners an attractive chance to create additional income or further enhance the asset’s long-term value through boating or marina operations.

FOR SALE DETAILS

PRICE

$1,998,999 USD

PRICE/SF

$652 USD /SF

# OF UNITS

2

PRICE/UNIT

$999,500

CAP RATE

Request Cap Rate

% LEASED

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1920

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.82 AC

LAND SF

35,525 SF

ZONING

R3A/C3A

APN/PARCEL ID

05481-0029

ASK ABOUT THIS PROPERTY

Christopher DobbsDobbs Realty CorporationMore Info
646-584-7751

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Christopher DobbsDobbs Realty CorporationMore Info
646-584-7751

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