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    447-449 Jackson Ave Bronx, NY 10455

    Sponsored
    For Sale
    $2,895,000

    Mott Haven Development Site, High ROI

    Property size:
    25,351 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    392
    This exceptional Bronx property, located at 447-449 Jackson Avenue, presents a compelling investment opportunity. Priced at $2,895,000, this 25,351 square foot site boasts a 3.80% cap rate and a net operating income (NOI) of $104,060. Currently featuring a three-story building (3,087 square feet) with two apartments, one commercial unit, and parking, the property provides immediate income potential while development plans are pursued. The R7-1 zoning allows for significant development potential. The two contiguous parcels offer 50 feet of frontage on Jackson Avenue, with a residential floor area ratio (FAR) of 3.44 and a community facility FAR of 4.8, potentially increasing the buildable square footage to 35,371. The site's prime location in Mott Haven, adjacent to St. Mary's Park and across from the Jeffrey M. Rapport School, benefits from excellent accessibility via the 6, 2, and 5 subway lines and the Bruckner Expressway. Mott Haven's thriving atmosphere, with numerous new developments, restaurants, and breweries, further enhances the property's value. The individual lot sizes are 25 x 143.75 feet (447 Jackson Ave.) and 25 x 151.03 feet (449 Jackson Ave.). This property offers a unique blend of immediate income and substantial long-term development potential in a rapidly growing area.

    Property Features for 447-449 Jackson Ave

    General Information

    Property type
    Restaurants
    Square Feet
    25,351 SF

    HighLights

    • Two contiguous lots: 2557/60 & 2557/61
    • Lot sizes: 25' x 143.75' and 25' x 151.03' at 447 & 449 Jackson Ave.
    • Residential FAR: 3.44
    • Community Facility FAR: 4.8
    • Maximum buildable square footage: 35,371 sq. ft.
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Suggested Use

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

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

    Location Insight

    • Map
    • Local Demand
    City
    Bronx
    County
    Bronx
    State
    New York
    Longitude
    -73.9102283
    Latitude
    40.8106476

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    FAQs

    What type of property is this?
    Restaurant - Mott Haven Development Site, High ROI
    Where is this restaurant located?
    The property is located at 447-449 Jackson Ave Bronx, NY.
    What is the asking price?
    The asking price for this property is $2,895,000.
    What are key features of this property?
    This property features: Two contiguous lots: 2557/60 & 2557/61; Lot sizes: 25' x 143.75' and 25' x 151.03' at 447 & 449 Jackson Ave.; Residential FAR: 3.44
    Request Owner's contact information
    447-449 Jackson Ave Bronx, NY 10455
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    Bronx, NY 10455
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    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
    447-449 Jackson Ave Bronx, NY 10455
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