For Sale
$2,500,000

1285 Shakespeare AveThe Bronx, NY 10452

Six-unit rental, high upside potential

Overview

Added:
Dec 11, 2024
Days on market:
114
This exceptional investment opportunity comprises a six-unit multifamily portfolio located in the Bronx, New York. The portfolio consists of two properties: 1285 Shakespeare Avenue and 2444 Prospect Avenue. 1285 Shakespeare Avenue, a tax-class-protected 2-over-1 building situated on a 34x85 lot in the Highbridge section, offers significant potential for expansion due to unused FAR. This corner property features a ground-floor retail space with a grandfathered liquor license and two floor-through, three-bedroom residential units

Highlights

  • Six-unit multifamily portfolio in the Bronx, NY, comprising two properties: 1285 Shakespeare Avenue and 2444 Prospect Avenue.
  • 1285 Shakespeare Avenue: Tax-class-protected 2-over-1 building on a 34x85 lot with unused FAR, offering expansion potential. Features ground-floor retail with a grandfathered liquor license and two 3-bedroom floor-through units (one vacant). Located near Yankee Stadium and public transportation.
  • 2444 Prospect Avenue: 100% vacant 3-family building in Belmont ("Little Italy") near the Bronx Zoo. Built in 1901, this R7-1 zoned property offers 4,655 buildable square feet. Convenient to Botanical Gardens, St. Barnabas Hospital, Fordham University, and public transportation.

Property Details for 1285 Shakespeare Ave

Property type
Residential income homes
Square Feet
4,585 SF
Units
6

Location Insight

City
The Bronx
County
Bronx
State
New York
Latitude
40.8394554
Longitude
-73.9226925
1285 Shakespeare Ave, The Bronx, New York

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1285 Shakespeare Ave
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