2225 Lodovick Ave The Bronx, NY 10469
- Retirement homes
- 13,540 SF
Current Use by Public Records
- Community Action For Human Services / Non-Profit Organization
- CAHSInc. / Home Goods Store
- Lodovick Avenue, Intermediate Care Facility (ICF) / Non-Profit Organization
Property Details for 2225 Lodovick Ave
- Year built
- 1927
- Property size
- 13,540 SF
- Property type
- Retirement homes
- Property subtype
- Assisted living facilities
Description
This unique 13,540 square foot, three-story building at 2225 Lodovick Ave in The Bronx, NY (zip code 10469) presents a compelling investment opportunity. Currently configured as a 50-bed assisted living facility, this Class C property, built in 1927, sits on a single lot and offers significant potential for redevelopment or renovation. The property is zoned R3X, allowing for a variety of uses. Located in the desirable Pelham Gardens neighborhood, it benefits from convenient access to the MTA 5 train, major highways, shopping centers, and other public transportation. The asking price is $5,200,000, translating to $384.05 per square foot. While the property has a long history of serving the community, significant upgrades are recommended to meet the needs of modern assisted living clients. This presents a rare chance to acquire a substantial property in a prime location with the potential for significant returns after renovations. The property's serene suburban setting offers a tranquil environment while maintaining easy access to the vibrancy of city life. This is a unique opportunity to acquire a well-positioned asset with substantial upside potential. Further details are available upon request.
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
- The Bronx
- County
- Bronx
- State
- New York
- Longitude
- -73.8374495
- Latitude
- 40.8581919
