This property is Off-Market

647 Bryant Avenue
Bronx, NY 10474 ·

13,900 SF · Office For Sale

N/A

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BRYANT AVENUE MIXED-USE

Price N/A Commission Split 2%
Building Size 13,900 SF No. Stories 2
Property Type Office Tenancy Multiple
Property Sub-type Office Building Year Built 1994
Property Use Type Investment
Listing ID: 15116381 Date Created: 05/01/2007 Last Updated: 09/13/2007

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

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

Research

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

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