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$ 11,999,999
Est. payment /mo
Active
169th St 638 E Bronx, NY 10456
UPDATED:
Key Details
Property Type Commercial
Listing Status Active
Purchase Type For Sale
MLS Listing ID 11979612
Property Description
638 East 169 Street, Bronx, NY 10456 ASKING PRICE: $12,000,000** **Annual Gross Income:** ~$765,841 **Lot Size:** 14,700 SF **Existing Building:** 15,582 SF **Units:** 14 Commercial Units **Frontage:** 205+ FT **Potential Buildable:** Up to ~70,000 SF* ### Quick Underwrite **Price / Existing SF:** ~$770/SF **Price / Buildable SF:** ~$171/SF **Gross Yield:** ~6.4% The approximately 14,700 SF lot offers up to a 4.8 FAR, providing potential for approximately 70,560 buildable square feet, subject to permitted use, zoning, architectural review, and approvals. Prime **corner location in the heart of the Bronx** within a rapidly changing neighborhood. The property offers strong visibility, substantial frontage, existing income, and significant future development potential.**Major potential to upgrade the tenant mix and increase rental income as existing leases expire, creating significant long-term value-add opportunity.** , including activity adjacent to the nearby supermarket, adding to the long-term upside of the location. **$12M Asking | ~$766K Gross Income | 14 Units | Corner Location | 14,700 SF Lot | Up to ~70,000 Buildable SF** **Strong investor/developer opportunity - expected to move quickly. Submit offers.** *Buildable square footage, zoning, income and permitted uses subject to independent verification.*
Location
State NY
County 36005
Rooms
Kitchen 0
Tenisha Davis, Licensed Real Estate Broker
Licensed Real Estate Broker - GRI, ABR, CBR, SFR, SRS - Notary Public