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861 Freeman St
Bronx, NY 10459
Retail Property For Sale


INVESTMENT HIGHLIGHTS
- 30 Foot Wide Site
- Can build up to 18 units
- Potential for cash flow while doing building plans
EXECUTIVE SUMMARY
Landair Property Advisors has been retained to sell 861 Freeman Street, a mixed-use building with 2 apartments and 1 retail store. The projected rent roll is over $140,000 per year or the property can be developing into a new residential building. 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’. The building can be delivered vacant at closing. Both Units are 6 Bedrooms, 1 Bathroom each. The apartments also have electric heat. 861 Freeman Street is located .2 Miles from the Freeman Street 2 and 5 Train Subway Station.
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’. The building can be delivered vacant at closing. Both Units are 6 Bedrooms, 1 Bathroom each. The apartments also have electric heat. 861 Freeman Street is located .2 Miles from the Freeman Street 2 and 5 Train Subway Station.
PROPERTY FACTS
Sale Type
Investment
Sale Conditions
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
Percent Leased
100%
Tenancy
Multiple
Building Height
3 Stories
Building FAR
1.00
Lot Size
0.09 AC
Zoning
R7-1
Frontage
PROPERTY TAXES
| Parcel Number | 02972-0060 | Improvements Assessment | $13,210 |
| Land Assessment | $1,447 | Total Assessment | $14,657 |
PROPERTY TAXES
Parcel Number
02972-0060
Land Assessment
$1,447
Improvements Assessment
$13,210
Total Assessment
$14,657
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