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524-536 E 149th St 0.6 Acres of Commercial Land in Bronx, NY 10455
Investment Highlights
- Tremendous frontage of 273 feet. Flat land
Executive Summary
Following the death of the then-current owner, lessee shall have the option to purchase the fee interest in the Property for a purchase price equal to twelve and one-half (12.5) times the annual ground rent then in effect.
Property Facts
1 Lot Available
Lot
| Lot Size | 0.60 AC |
| Lot Size | 0.60 AC |
Approximately 26,250 SF of developable land for sale across 4 tax lots. Located in a high-traffic corridor in an established residential and retail neighborhood.
Description
Lot A (approx. 14,250 SF): $850,000 annual ground rent Lot B (approx. 12,000 SF): $750,000 annual ground rent Subdivision: No other subdivision of property will be considered Combined Ground Rent: $1,500,000 annually Rent Escalation: 3% annual increases Fee Interest: Following the passing of the current owner, lessee may elect to purchase the fee interest at 12.5x the then-current annual ground The Property is one of the largest vacant development sites in the South Bronx.
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Exceptionally walkable
100/100
Moderately drivable
60/100
Exceptional public transit
100/100
Very bikeable
80/100
Property Taxes
| Parcel Number | 02275-0012 | Improvements Assessment | $0 |
| Land Assessment | $89,730 | Total Assessment | $89,730 |
Property Taxes
Parcel Number
02275-0012
Land Assessment
$89,730
Improvements Assessment
$0
Total Assessment
$89,730
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524-536 E 149th St