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447-449 Jackson Ave Bronx, NY 10455

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Mott Haven Development Site, High ROI

Property size:
25,351 SF

Property Features for 447-449 Jackson Ave

General Information

Property type
Restaurants
Square Feet
25,351 SF

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Listing Contact
Shawn Sadaghati
Shawn Sadaghati

Listing Agency: Premiere Property Group, LLC Listing Agent: Shawn Sadaghati

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

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Overview

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 Profile Location Intelligence

Current Use by Public Records

Commercial real estate

Suggested Use

Real Estate Agency Law Firm Restaurant Spa & Massage Center Dental Office Hair Salon Nail Salon Building Supply Gym & Fitness Center Accounting Firm

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

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
(917) 796-7475 Call to check price and availability
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