For Sale
$2,895,000

447-449 Jackson Ave Bronx, NY 10455

Mott Haven Development Site, High ROI

Property Records

Overview

Added:
Dec 11, 2024
Days on market:
139
This exceptional Bronx property, located at 447-449 Jackson Avenue, presents a compelling investment opportunity. Priced at $2,895,000, this 25,351 square foot site boasts a 3.80% cap rate and a net operating income (NOI) of $104,060. Currently featuring a three-story building (3,087 square feet) with two apartments, one commercial unit, and parking, the property provides immediate income potential while development plans are pursued. The R7-1 zoning allows for significant development potential. The two contiguous parcels offer 50 feet of frontage on Jackson Avenue, with a residential floor area ratio (FAR) of 3.44 and a community facility FAR of 4.8, potentially increasing the buildable square footage to 35,371. The site's prime location in Mott Haven, adjacent to St. Mary's Park and across from the Jeffrey M. Rapport School, benefits from excellent accessibility via the 6, 2, and 5 subway lines and the Bruckner Expressway. Mott Haven's thriving atmosphere, with numerous new developments, restaurants, and breweries, further enhances the property's value. The individual lot sizes are 25 x 143.75 feet (447 Jackson Ave.) and 25 x 151.03 feet (449 Jackson Ave.). This property offers a unique blend of immediate income and substantial long-term development potential in a rapidly growing area.

Highlights

  • Two contiguous lots: 2557/60 & 2557/61
  • Lot sizes: 25' x 143.75' and 25' x 151.03' at 447 & 449 Jackson Ave.
  • Residential FAR: 3.44
  • Community Facility FAR: 4.8
  • Maximum buildable square footage: 35,371 sq. ft.

Property Details for 447-449 Jackson Ave

Property type
Retail properties, Restaurants
Square Feet
25,351 SF

Location Insight

City
Bronx
County
Bronx
State
New York
Latitude
40.8106476
Longitude
-73.9102283

FAQs

What type of property is this?
Retail property - Mott Haven Development Site, High ROI
Where is the retail property located?
The property is located at 447-449 Jackson Ave Bronx, NY.
What is the asking price?
The asking price for this property is $2,895,000.
What are key features of this property?
This property features: Two contiguous lots: 2557/60 & 2557/61; Lot sizes: 25' x 143.75' and 25' x 151.03' at 447 & 449 Jackson Ave.; Residential FAR: 3.44
How can I contact the broker?
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447-449 Jackson Ave
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