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    OFF-MARKET
    Commercial real estate

    754 211Th St, The Bronx, NY 10467

    Property ID
    US63-1628419
    Property summary
    AI-generated overview

    This exceptional development opportunity in the burgeoning Williamsbridge section of the Bronx presents a 4,513 square-foot lot zoned R6A, offering a maximum buildable square footage of 13,539 square feet. The property, located at 754 E 211th St, boasts a 50' x 90.25' lot size and includes a vacant 1,495 square-foot single-family home. Its strategic location provides convenient access to the 2 and 5 subway lines (within 0.2 miles), enhancing its appeal to potential residents. The property benefits from the 485X tax abatement, significantly reducing annual property taxes to $5,369. This prime location, coupled with the favorable zoning and tax incentives, makes this an attractive investment in a rapidly growing residential market. The current market conditions in the Eastern Bronx, characterized by ongoing development and increased housing demand, further solidify this property's potential for substantial returns. This is a rare chance to capitalize on the revitalization of Williamsbridge and contribute to its continued growth. The property is offered at $1,450,000.

    Property profile
    Verified
    Property type Commercial real estate
    UPID US63-1628419
    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
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    Owner & transaction history
    Owner on record
    Zoning & alternative use
    Permitted uses
    Permitted uses
    Allowed · conditional · prohibited
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