Historical Office Sale Listing - BRYANT AVENUE MIXED-USE

Office For Sale

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BRYANT AVENUE MIXED-USE

647 Bryant Avenue, Bronx, NY 10474

N/A

13,900 SF | Office

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Office Property - Off Market

Price:
N/A
Building Size:
13,900 SF
Property Type:
Office
Property Sub-type:
Office Building
Property Use Type:
Investment
Commission Split:
2%
No. Stories:
2
Tenancy:
Multiple
Year Built:
1994
Listing ID
15116381
Last Updated
over 1 year ago

Highlights

  • Great Upside In Rents-Value-Add
  • 2.3% Vacancy Rate In Hunts Point
  • 3 Street Level Office Units
  • Two (2) Bedroom Apartments, One Three Bedroom
  • Located In The Desirable Hunts Point Section Of The Bronx
  • Additional Development Potential

Description

Marcus & Millichap is pleased to announce the exclusive sale of a
13,900 square foot mixed-use building located in The Hunts Point
section of Bronx, NY. Just minutes away from The Hunts Point Market,
makes this building, which consists of (2) two bedroom, (1) three
bedroom apartments and 3 street level offices a highly desirable piece of
real estate to an investor.

Two of the office spaces are currently occupied by The School
Workshop for The Hunts Point Development, and the other unit is
currently vacant. All apartment leases and the office lease are on a
month-to-month basis, allowing a new owner to either raise rents to
market or re-tenant the building.

Please contact the listing Broker for full marketing package and to schedule a showing.

A Good Apartment Is Hard To Find:

"If you're having a hard time finding an apartment for rent in Hunts
Point, you're not the only one. On average, at any given moment, there
are fewer than 300 of them available. The vacancy rate in Hunts Point is
just 2.3 percent, according to figures from the Furman Center of Real
Estate and Urban Policy at New York University-even lower than the
2.9 percent vacancy rate citywide."

By,
Suyin Looui of CUNY Hunter

Map of 647 Bryant Avenue, Bronx, NY 10474 (Bronx County)

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Created 5/1/2007