447-449 Jackson Ave Bronx, NY 10455
- Retail properties
- 25,351 SF
Current Use by Public Records
- Retail properties
Property Details for 447-449 Jackson Ave
- Property size
- 25,351 SF
- Property type
- Retail properties
- Property subtype
- Restaurants
Description
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.
Value Estimation
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CAP approach
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Comparable approach
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Alternative Use
Location Insight
- Map
- Local Demand
- City
- Bronx
- County
- Bronx
- State
- New York
- Longitude
- -73.9102
- Latitude
- 40.8106
