Your AI Navigator in Commercial Real Estate
Sign Up Successful!
You now have access to more from Realmo!
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search

    1517 Adee Ave The Bronx, NY 10469

    Sponsored
    For Sale
    $229,000

    Prime 2,375 sq ft lot, buildable 2-family home.

    Property size:
    2,137 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    392
    This exceptional 2,375 square foot vacant lot presents a remarkable development opportunity in the thriving Baychester neighborhood of the Bronx. Located at 1517 Adee Avenue, this 25' x 95' parcel is zoned R4-1, permitting the construction of an approximately 2,137 square foot detached two-family home. The land offers a compelling value proposition at $107 per square foot, with an asking price of $229,000. The property's strategic location provides convenient access to major transportation arteries, including the 5 subway line at Gunhill Road Station, the Hutchinson River Parkway, and Interstate 95. Furthermore, its proximity to East Gunhill Road, a bustling thoroughfare with various retail establishments, restaurants, and banks, enhances its appeal. The nearby Mall at Bay Plaza, a significant shopping and dining destination featuring prominent retailers like Apple, JCPenney, and Macy's, adds to the area's vibrancy and convenience. This property is identified as Block 4766, Lot 30, and is classified as Tax Class 1B, with annual property taxes amounting to $1,485. This is a rare chance to acquire a prime development site in a rapidly growing area of the Bronx. The lot's dimensions and zoning regulations provide a clear path for a profitable residential development project.

    Property Features for 1517 Adee Ave

    General Information

    Property type
    Land
    Square Feet
    2,137 SF

    HighLights

    • Lot & Block: 4766, Parcel 30
    • Lot Dimensions: 25' x 95'
    • Buildable Area: Approximately 2,137 square feet
    • Zoning: R4‑1
    • Floor Area Ratio (FAR): 0.9
    • Tax Class: 1B
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Suggested Use

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

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

    Location Insight

    • Map
    • Local Demand
    City
    The Bronx
    County
    Bronx
    State
    New York
    Longitude
    -73.841961
    Latitude
    40.869881

    Nearby Similar for Sale

    • $18,500,000
      118,000 SF

      Prime Bronx Mixed-Use Portfolio

      139 Apartments & 2 Stores - High ROI
      The Clay Ave, The Bronx, NY 10456
      View Details
    • Contact for pricing
      20,500 SF

      Bronx Warehouse: 20,500 SF

      Prime Port Morris warehouse, ideal for various uses.
      801 136Th St, The Bronx, NY 10454
      View Details
    • $20,000,000
      58,540 SF

      Bronx Mixed-Use Investment Opportunity

      Prime Bronx medical & retail building, 58,540 SF.
      840 Westchester Ave, The Bronx, NY 10459
      View Details
    • $6,900,000
      50,830 SF

      Bronx Multifamily Investment Opportunity

      63-unit apartment building, high NOI, excellent location.
      4116 Carpenter Ave, The Bronx, NY 10466
      View Details
    • $850,000
      2,936 SF

      Bronx Multifamily Investment Opportunity

      Three-unit building, high rental upside.
      4139 Bronxwood Ave, The Bronx, NY 10466
      View Details
    • $1,550,000
      7,690 SF

      Bronx Multifamily Investment Opportunity

      8-Unit Apartment Building, High ROI
      637 224Th St, The Bronx, NY 10466
      View Details
    • $4,300,000
      12,539 SF

      Bronx Multifamily Investment

      11-Unit Apartment Building, High Returns
      446 149Th St, The Bronx, NY 10455
      View Details
    • $5,250,000
      15,224 SF

      Popham Ave Multifamily Investment

      18-Unit Bronx Apartment Building, High ROI
      1643-1645 Popham Ave, The Bronx, NY 10453
      View Details
    • $3,300,000
      6,386 SF

      Mott Haven Mixed-Use Investment

      Prime Bronx location, high NOI, strong cap rate.
      2582 3Rd Ave, The Bronx, NY 10454
      View Details
    • Contact for pricing

      Hunts Point Warehouse - 31,000 SF

      Prime Hunts Point warehouse, ideal for owner-users or investors.
      610 Tiffany St, The Bronx, NY 10474
      View Details
    • $1,250,000
      3,903 SF

      Bronx Multifamily Value-Add

      5-Unit Apartment Building, High Potential
      910 Home St, The Bronx, NY 10459
      View Details
    • $950,000
      1,650 SF

      Mosholu Avenue Office Building

      Prime Bronx Office, 7.51% Cap Rate
      5731 Mosholu Ave, The Bronx, NY 10471
      View Details

    FAQs

    What type of property is this?
    Land - Prime 2,375 sq ft lot, buildable 2-family home.
    Where is this land located?
    The property is located at 1517 Adee Ave The Bronx, NY.
    What is the asking price?
    The asking price for this property is $229,000.
    What are key features of this property?
    This property features: Lot & Block: 4766, Parcel 30; Lot Dimensions: 25' x 95'; Buildable Area: Approximately 2,137 square feet
    (917) 796-7475
    Request Owner's contact information
    1517 Adee Ave The Bronx, NY 10469
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    1517 Adee Ave
    The Bronx, NY 10469
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    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
    1517 Adee Ave The Bronx, NY 10469
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Google sign-in failed. Please try again or use another login method.
    Create New Password
    • At least 8 characters
    • Contains both letters and numbers
    • Contains uppercase and lowercase letters
    • At most 32 characters
    • Password required
    • Password reset link has expired. Please request a new one.