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2705 Hone Ave
Bronx, NY 10469
1019-1025 Allerton Ave · Retail Property For Sale
INVESTMENT HIGHLIGHTS
- Corner Property with 5,008+/- SqFT
- Lots of natural light
EXECUTIVE SUMMARY
Introducing this impressive mixed-use corner property situated at 1019-1025 Allerton Avenue, boasting an impressive 50' x 100' lot size with R4-1 Zoning. Constructed around 1950, this enduring solid-brick building comprises 4-units as per the Certificate of Occupancy, with three units designated as storefronts, and one unit featuring a spacious three-bedroom apartment on the top floor. Noteworthy amenities include a substantial basement on one side of the building and convenient parking in the rear of the property. With real estate taxes averaging approximately $8.14 per square foot and a total gross floor area of approximately 5,250+/- Square Feet, this property offers ample potential for a new owner. Presently owner-occupied, this property will be delivered vacant at closing, and the sale is subject to the approval of the NYS AG's Office. Don't miss this exceptional opportunity to acquire a mixed-use property in a highly accessible area that is close to highways, public transportation, schools, shopping, parks, medical facilities, and places of worship. Act swiftly, as opportunities of this caliber seldom linger.
PROPERTY FACTS Under Contract
Sale Type
Owner User
Property Type
Retail
Property Subtype
Building Size
5,008 SF
Building Class
C
Year Built
1950
Price
$2,200,000
Price Per SF
$439.30
Tenancy
Single
Building Height
2 Stories
Building FAR
1.05
Lot Size
0.11 AC
Zoning
R4-1 - R4 districts allow all types of housing at a slightly higher density than permitted in R3-2 districts
Parking
2 Spaces (0.4 Spaces per 1,000 SF Leased)
Frontage
43’ on Allerton Ave
AMENITIES
- Corner Lot
PROPERTY TAXES
| Parcel Number | 04518-0001 | Improvements Assessment | $284,850 |
| Land Assessment | $121,500 | Total Assessment | $406,350 |
PROPERTY TAXES
Parcel Number
04518-0001
Land Assessment
$121,500
Improvements Assessment
$284,850
Total Assessment
$406,350
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