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    521 City Island Ave The Bronx The Bronx, NY 10464

    Sponsored
    Source: https://www.elliman.com
    For Sale
    $12,000,000

    Development Project: 3 Acres of Land 3 Acres of Water with 120 Boat Slips

    Property size:
    60,000 SF

    Description

    Added:
    May 13, 2025
    Days on Market:
    238
    PRESENTING: City Island

    A Visionary Development in New York with a Marina

    Development opportunity in a prime desirable waterfront location with many possibilities.

    Development Project: 3 Acres of Land 3 Acres of Water with 120 Boat Slips
    Approved Development Plans with permits in place: 44 condos or townhouses with more than 60,000 sq. ft.
    Location: Very close proximity to Manhattan and easy access to Long Island, Westchester, Connecticut and New Jersey.
    Waterfront Development Potential offers out-of-the-box vision with versatile potential
    Current Marina Income: Current income from te marina is $239,200 with 80 boats, expandable to 120 boats with additional income of $120,000
    Buildable Possibilities: Strong possibilities to increase the buildable sq. footage according to proposals by mayor of the city.
    Magnificent water views looking at New York City skyline and bridges
    Presenting a dream project for a visionary developer.

    Property Features for 521 City Island Ave The Bronx

    General Information

    Property type
    Commercial land
    Square Feet
    60,000 SF
    Price / Square Foot
    $200
    Elevators
    N/A
    Lot Size
    130,680 SF

    Building Details

    Units
    44
    Location Intelligence

    Current Use by Public Records

    Professional Contracting Inc General Contractor

    Suggested Use

    Law Firm Restaurant Realty agency Spa & Massage Dental Office Hair Salon Clothing Store Nail Salon Food Market Grocery Store

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    The Bronx
    State
    New York
    Longitude
    -73.9124302
    Latitude
    40.8227531

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    FAQs

    What type of property is this?
    Commercial land - Development Project: 3 Acres of Land 3 Acres of Water with 120 Boat Slips
    Where is this commercial land located?
    The property is located at 521 City Island Ave The Bronx The Bronx, NY.
    What is the asking price?
    The asking price for this property is $12,000,000.
    (212) 727-6162
    Request Owner's contact information
    521 City Island Ave The Bronx The Bronx, NY 10464
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    521 City Island Ave The Bronx The Bronx, NY 10464
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