861 Freeman St - Storefront Retail/Residential FOR SALE


Bronx, NY 10459- Foxhurst
$1,300,000 USD
646-559-4700
861 Freeman St, Bronx, NY for Sale
$1,300,000 USD
Storefront Retail/Residential - FOR SALE
1/1
null | 9.98% Cap Rate

861 Freeman St
Bronx, NY 10459
Foxhurst


HIGHLIGHTS

  • 3,930 Sq. Ft. (2) Family and 2 stores
  • 10% CAP
  • Low Expenses and Taxes

OVERVIEW

Landair Advisors has been retained to sell 861 Freeman Street, a mixed-use building with 2 apartments and 2 retail stores. The rent roll is over $150,000 per year or the property can be developed into a new residential building when vacant. With a lot size measuring a total of 2,550 SF lot and zoned R7-1, the property offers developers a as of right buildable Sq. Ft. of 8,772. Additionally, a builder can take advantage of 12,775 BSF with UAP. Currently built as a 3-story (2) family and a store with 3,930 SF. with building dimensions of 25’x54’. Both Units are 6 Bedrooms, 1 Bathroom each. The apartments also have electric heat. 861 Freeman Street is located 0.2 Miles from the Freeman Street 2,5 Train Subway Station. - 30’ x 85’ Lot Zoned R7-1. 8,772 BSF As-of-Right. 12,775 BSF with Universal Affordability Preference - 3,930 Sq. Ft. (2) Family and 2 stores - 2 Blocks from the Freeman Street Subway Station. - Low Taxes - $3,024

FOR SALE DETAILS

PRICE

$1,300,000 USD

PRICE/SF

$331 USD /SF

CAP RATE

9.98%

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Storefront Retail/Residential

TOTAL BUILDING SIZE

-

STORIES

3

YEAR BUILT

1931

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.09 AC

LAND SF

3,920 SF

ZONING

R7-1

APN/PARCEL ID

02972-0060

ASK ABOUT THIS PROPERTY

Maha AlaouiLandair AdvisorsMore Info
646-559-4700

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Maha AlaouiLandair AdvisorsMore Info
646-559-4700

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