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611 E 161St St, Unit The Bronx, NY 10456

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For Sale
$1,300,000

Investment property with long-term tax abatement and conversion potential.

Lot size:
0.06 Acres

Property Features for 611 E 161St St

General Information

Lot size
0.06 Acres

Building Details

Year built
2008

Source: Everest Realty Group LLC Agent Omid Pouratian

Displayed information is deemed reliable but is not guaranteed and should be independently verified.


Overview

Bronx Investment Opportunity For Sale

This property presents a significant investment opportunity. Constructed less than 10 years ago, the property benefits from a long-term 421a tax abatement, which is in place for 25 years. All tenants are responsible for covering their own utility expenses. The property includes land that offers the potential for conversion into parking or storage facilities.
Insight Report Location Intelligence

Current Use by Public Records

Parking lots & garages

Suggested Use

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

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

Similar Places Nearby

New Bronx Taxi, Mecánico aceite y frenos, True Ark, RC Van Courier, Delivery & Moving Company, RC Van Moving Service Company & Professional Movers

Location Insight

  • Map
  • Local Demand
City
Bronx
County
Bronx
State
New York
Longitude
-73.907873
Latitude
40.822259

FAQs

What type of property is this?
Parking lot & garage - Investment property with long-term tax abatement and conversion potential.
Where is this parking lot & garage located?
The property is located at 611 E 161St St, Unit The Bronx, NY.
What is the asking price?
The asking price for this property is $1,300,000.
What are key features of this property?
This property features: - Long term 421a tax abatement in place for 25 years.; - All tenants pay their own utilities.; - Includes land which can be converted to parking or storage.
More about this property
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