Description

Bronx Development, Bronx NY. - Off Market. New Reduction.
15 years tax abatement approved, Plans approved for 28 Units, 22,000 sqft buildable, Block 4727 Lot 24, Wlliamsbridge Area, lot 185X100, Asking $ 2.8M from 4.6 Million, projected gross $540,000 annually, (Low End $1,500 per unit), NOI $500,000.


Fwd: For sale 3530 Mickle ave 421a 15 yr tax abatement approved Plans approved for 28 units 22,000sqft buildable Block 4727, Lot 24, Bronx, New York, Williamsbridge area Lot 185x100 (22) 2 bed $1700 min (6) 1bed $1400 min $45,800 monthly Asking $2.9mil Projected gross $549,600 annually Projected buildout $2-2.5mil

Total cost $5.4mil Net cap 9.4 (charges for parking not included) Survey available
Reduced from 4.6 M

Must fill out non disclouser agreement to get approved plans, schematics, and renderings.
Must have proof of funds with offer. 4% Buyers Commission

Posted Sep 27, 2016

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