OWNERSHIP PREFERS A LONG-TERM GROUND LEASE
The building was constructed to be used as a school or daycare facility. It has multiple egresses and an upgraded fire safety system. The Bronx is a vast Borough in NY City with great diversity and greenery, and home to the Bronx Zoo, The Bronx Botanical and the NY Yankees, aka, the Bronx Bombers. These days the Bronx is experiencing the most rapid growth of any of NY's 5 boroughs. Millions and million of square feet of real estate are being developed in the South Bronx, with brand new high-end condos dotting the skyline. The Bronx is bounded by the Harlem River on it's western edge, Long Island Sound on its eastern side and spectacular Orchard Beach and the community of City Island in it's North Eastern corner.
