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3044 Young Ave 0.11 Acres of Commercial Land Offered at $1,335,000 in Bronx, NY 10469
Investment Highlights
- 50’ × 100’ lot (5,000 sq. ft.) with 10,000 BSF as-of-right or 12,000 BSF UAP
- 0.2 miles to Gun Hill Road 2 & 5 trains
- Existing building will be delivered vacant
Executive Summary
• Seller Financing Available: 70% LTV
• 10% Interest Rate
• 2 Year Term
• No Prepayment Penalty after the first 6 Months
• 2 Points in
• 10% Interest Rate
• 2 Year Term
• No Prepayment Penalty after the first 6 Months
• 2 Points in
Property Facts
| Price | $1,335,000 | Property Type | Land |
| Sale Type | Investment | Property Subtype | Commercial |
| No. Lots | 1 | Total Lot Size | 0.11 AC |
| Zoning | R6B - Zoned R6B with a C2-3 overlay (approx. 12% in R5), permitting up to 10,000 buildable sq. ft. and up to 14 units as-of-right. | ||
| Price | $1,335,000 |
| Sale Type | Investment |
| No. Lots | 1 |
| Property Type | Land |
| Property Subtype | Commercial |
| Total Lot Size | 0.11 AC |
| Zoning | R6B - Zoned R6B with a C2-3 overlay (approx. 12% in R5), permitting up to 10,000 buildable sq. ft. and up to 14 units as-of-right. |
1 Lot Available
Lot
| Price | $1,335,000 | Lot Size | 0.11 AC |
| Price Per AC | $11,630,540.84 |
| Price | $1,335,000 |
| Price Per AC | $11,630,540.84 |
| Lot Size | 0.11 AC |
Description
Landair Advisors has been exclusively retained to arrange the sale of 3044 Young Avenue, Bronx. The 50' x 100' midblock lot is zoned R6B with a C2-3 overlay (approx. 12% in R5), permitting up to 10,000 buildable sq. ft. and up to 14 units as-of-right. Seller financing available – see details below. Currently improved by a single-family house, to be delivered vacant at closing. Just 0.2 miles from the Gun Hill Road subway station (2/5 trains) and serviced by Bx28, Bx38, and Bx39 bus service, the site sits in an active development corridor.
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Exceptionally walkable
100/100
Fairly drivable
40/100
Exceptional public transit
100/100
Moderately bikeable
70/100
Property Taxes
| Parcel Number | 04590-0035 | Improvements Assessment | $23,071 |
| Land Assessment | $6,925 | Total Assessment | $29,996 |
Property Taxes
Parcel Number
04590-0035
Land Assessment
$6,925
Improvements Assessment
$23,071
Total Assessment
$29,996
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