883 Bryant AveThe Bronx, NY 10474

Property Details for 883 Bryant Ave

Year built

2022

Lot size

0.11 AC

Property size (Sq ft)

22,453 SF

Zone code

R6

Property type

Mixed-use properties

Property subtype

Retail residential properties

APN

02761-0107

APU

27610107

Description

This exceptional investment opportunity presents a stalled construction site at 883 Bryant Avenue in the Bronx, New York. Currently configured as an eight-story, mixed-use building encompassing 25,523 square feet, the property is designed to house 41 units, including 40 residential units and one community facility. The asking price is $4,500,000, translating to $176 per square foot. The building boasts an impressive Net Operating Income (NOI) of $583,307. Situated on a 5,000 square foot lot, the property is zoned ZFA. The building features elevator access, a shared laundry room, Wi-Fi in common areas, a recreation room, and security cameras. Select units offer patios or balconies. Interior finishes include hardwood flooring, granite countertops, white laminate cabinets, and stainless steel kitchen appliances. This prime location offers excellent accessibility, with proximity to the Hunts Point and Intervale Avenue subway stations and a future Metro-North station. The 421a tax abatement is renewed until 2031, providing significant long-term tax benefits. This is a rare chance to acquire a substantial multifamily development project in a rapidly growing area of the Bronx, poised for significant appreciation. The property is currently vacant, allowing for immediate completion and occupancy.

Location Insight

City

Bronx

County

Bronx

State

New York

Latitude

40.8194

Longitude

-73.8871

CBSA code

35620

CBSA name

NEW YORK-NORTHERN NEW JERSEY-LONG ISLAND, NY-NJ-PA METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

FAQs

How do I add a non-forward facing team member such as a broker coordinator or broker aide to a listing in order to ensure they get notifications on the property?

Please email our support team at [email protected] and they will add the team member.

How do I access a private listing?

Please contact the broker directly with the information provided on the listing. Once the broker approves your credentials he will make the information public to you.

How can I contact the broker?

We strongly encourage to message the broker through our portal by clicking on the “Envelope” icon next to the brokers photo on the property page. We’ve found brokers response time is much quicker via our messaging portal than phone as brokers are always on the go.

How do I unsubscribe from emails?

At the footer of each email you will find links to Reduce Email Frequency, Adjust Email Settings or Unsubscribe altogether. If you choose to Unsubscribe and are still receiving emails please reach out to us at [email protected].