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521 City Island Ave, Unit The Bronx, NY 10464

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For Sale
$12,000,000

3 acres land, 3 acres water, 120 boat slips.

Property Features for 521 City Island Ave

General Information

Property type
Commercial
Standard status
Active

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Listing Contact
Sara Gayer
Sara Gayer
Source: Elliman

Listing Agency: Douglas Elliman | Downtown Flatiron District Listing Agent: Sara Gayer

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

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Overview

City Island Waterfront Development Opportunity

This is a development opportunity located in a desirable waterfront location. The property includes 3 acres of land and 3 acres of water, featuring 120 boat slips. Approved development plans and permits are in place for 44 condos or townhouses, totaling more than 60,000 square feet. The location offers close proximity to Manhattan and easy access to Long Island, Westchester, Connecticut, and New Jersey. The current marina income is $239,200 with 80 boats, expandable to 120 boats with additional income of $120,000. There are possibilities to increase the buildable square footage. The property offers water views looking at the New York City skyline and bridges.
Location Intelligence

Current Use by Public Records

Professional Contracting Inc Construction Company

Suggested Use

Restaurant Real Estate Agency Law Firm Building Supply Spa & Massage Center Dental Office Big Box & Wholesale Store Auto Repair Shop Hair Salon Nail Salon

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

Location Insight

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  • Local Demand
City
Bronx
County
Bronx
State
New York
Longitude
-73.790002
Latitude
40.852159

FAQs

What type of property is this?
Waterfront Land - 3 acres land, 3 acres water, 120 boat slips.
Where is this waterfront land located?
The property is located at 521 City Island Ave, Unit The Bronx, NY.
What is the asking price?
The asking price for this property is $12,000,000.
What are key features of this property?
This property features: - Approved development plans and permits in place for 44 condos or townhouses totaling over 60,000 sq. ft.; - Prime waterfront location with a marina and potential for expansion.; - Existing marina generates $239,200 in annual income with potential to increase by $120,000.
More about this property
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