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    OFF-MARKET
    Commercial real estate

    177 Mosholu Pkwy, The Bronx, NY 10467

    Property ID
    US63-0879797
    Property summary
    AI-generated overview

    This exceptional 3,773 sq ft vacant lot at 177 E Mosholu Pkwy N in the Bronx, NY (zip code 10467), presents a unique opportunity for developers. Zoned R7A/R7B, it comes with approved Department of Buildings (DOB) plans for a 20-unit residential building. The plans detail a mix of studio, one-bedroom, and two-bedroom apartments, arranged with three units per floor and amenities on the ground floor. This shovel-ready project benefits from an existing 421-a tax certificate, significantly reducing development costs and streamlining the process. The asking price is $1,850,000. Detailed design documents are available upon request, allowing for immediate commencement of construction. This prime Bronx location offers excellent potential for strong rental income and capital appreciation. Don't miss this chance to acquire a fully permitted and ready-to-build multifamily development in a thriving New York City borough.

    Property profile
    Verified
    Property type Commercial real estate
    UPID US63-0879797
    Cap rate & NOI
    Priority signal for investors
    Implied cap rate, NOI & suggested price
    Cap rate vs submarket · NOI estimate · 3 price anchors
    Implied cap rate, NOI & suggested price
    Cap vs submarket · NOI estimate · 3 price anchors
    Value estimations
    Realmo proprietary · 4 methods
    AI Approach AI
    by Request
    CAP Approach CAP
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    Comparable Approach Comparable
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    Blend (final) Blend
    by Request
    Owner & transaction history
    Owner on record
    Zoning & alternative use
    Permitted uses
    Permitted uses
    Allowed · conditional · prohibited
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