318 E 160th St The Bronx, NY 10451
Four-story, eight-unit apartment building in the Melrose neighborhood.
Type:Multifamily
Property size:
6,060 SF- Added:
- Jul 10, 2024
- Days on Market:
- 638
- Last Refresh:
- Mar 17 at 1:26 pm
Property Features for 318 E 160th St The
General Information
- Standard status
- Active
- Size
- 6,060 SF
- Property subtype
- Multifamily
Building Details
- Year Built
- 1931
Listing agent Mitchel Flaherty License #NY
Listing office RIPCO Real Estate
Listing date Jul 10, 2024
Source Crexi
Displayed information is deemed reliable but is not guaranteed and should be independently verified.
All listing content including descriptions, pricing, images are the copyrighted material of RIPCO Real Estate
Overview
Bronx Multifamily Investment Opportunity
Located in the Melrose neighborhood of the Bronx, 318 E 160th St is a 4-story walk-up apartment building constructed in 1931. The property features 8 residential units and has a gross floor area of approximately 6,060 square feet. The building is situated on the south side of East 160th Street, between Park Avenue and Courtlandt Avenue, offering convenient access to public transportation, shopping, dining, and other amenities. Zoned R7-2, the property allows for residential development with a Floor Area Ratio (FAR) of 3.44, equating to 8,514 buildable square feet. The zoning also permits Community Facility development with an FAR of 6.5, equating to 16,088 buildable square feet. This well-maintained building presents an opportunity for stable rental income and future appreciation, making it an attractive investment in the Bronx real estate market.
Location Intelligence
Current Use by Public Records
Apartment buildings
Location Insight
- Map
- Local Demand
- City
- Bronx
- County
- Bronx
- State
- New York
- Longitude
- -73.916514
- Latitude
- 40.824064
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FAQs
What type of property is this?
Apartment building - Four-story, eight-unit apartment building in the Melrose neighborhood.
Where is this apartment building located?
The property is located at 318 E 160th St The Bronx, NY.
What is the asking price?
The asking price for this property is $1,200,000.
What are key features of this property?
This property features: Significant potential for future appreciation in the growing Bronx real estate market.; Stable rental income from 8 residential units.; Favorable R7‑2 zoning allows for residential development with **8,514 buildable square feet.**
