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861 Freeman St
Bronx, NY 10459
Retail Property For Sale

Investment Highlights

  • 3,930 Sq. Ft. (2) Family and 2 stores
  • Low Expenses and Taxes
  • 10% CAP

Executive Summary

Landair Advisors has been retained to sell 861 Freeman Street, a mixed-use building with 2 apartments and 2 retail stores. The rent roll is over $150,000 per year or the property can be developed into a new residential building when vacant. With a lot size measuring a total of 2,550 SF lot and zoned R7-1, the property offers developers a as of right buildable Sq. Ft. of 8,772. Additionally, a builder can take advantage of 12,775 BSF with UAP. Currently built as a 3-story (2) family and a store with 3,930 SF. with building dimensions of 25’x54’. Both Units are 6 Bedrooms, 1 Bathroom each. The apartments also have electric heat. 861 Freeman Street is located 0.2 Miles from the Freeman Street 2,5 Train Subway Station.
- 30’ x 85’ Lot Zoned R7-1. 8,772 BSF As-of-Right. 12,775 BSF with Universal Affordability Preference
- 3,930 Sq. Ft. (2) Family and 2 stores
- 2 Blocks from the Freeman Street Subway Station.
- Low Taxes - $3,024

Property Facts

Sale Type
Investment
Property Type
Retail
Property Subtype
Storefront Retail/Residential
Building Size
3,930 SF
Building Class
C
Year Built
1931
Price
$1,300,000
Price Per SF
$330.79
Cap Rate
9.98%
NOI
$129,781
Percent Leased
100%
Tenancy
Multiple
Building Height
3 Stories
Building FAR
1.00
Lot Size
0.09 AC
Zoning
R7-1
Frontage
30’ on Freeman Street

Property Taxes

Property Taxes

Parcel Number
02972-0060
Land Assessment
$1,447
Improvements Assessment
$13,210
Total Assessment
$14,657
  • Listing ID: 39794145

  • Date on Market: 3/16/2026

  • Last Updated:

  • Address: 861 Freeman St, Bronx, NY 10459

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