Property profile

521 City Island Ave Bronx, NY 10464

FOR SALE
Marinas
Property ID
US63-6225536
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Property summary

AI-generated overview

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 the 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 profile

Verified
Property type Marinas
UPID US63-6225536

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Current use

Occupant on record · Public records
  • Construction Company General Contractor

Location

521 City Island Ave Bronx, NY 10464
Bronx metro
Google Maps

Value estimations

Realmo proprietary · 4 methods
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Owner & transaction history

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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More about this property
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