Listed by IPRG Investment Property Realty Group
$1,050,000
1866 University Avenue
Details
APN 02868-0028
Property Type Multifamily
Sub Type Apartment Building, Commercial
Units 8
Price per SqFt $107
Year Built 1920
Stories 4
Lot Size (SqFt) 2,461
Zoning R7-1
Investment Type Redevelopment
Multifamily | 8 Units
Marketing description
Investment Property Realty Group (IPRG) has been exclusively retained to sell 1866 University Avenue. The subject property is located between West Burnside Ave & Morton Place in Morris Heights, Bronx.
The total lot dimensions are 37.5 ft x 68.43 ft with R7-1 zoning. The property offers 9,844 buildable square feet (4.0 FAR wide street) or 12,330 buildable square feet (5.01 FAR) with the City of Yes UAP FAR bonus. A developer can construct a new building with up to 14 apartments or 18 apartments with UAP.
The property is located within walking distance to the 4, B and D subway lines and quick access to the Major Deegan Expressway.
The property will be delivered vacant.
Investment highlights
- Delivered vacant
- 37.5 ft x 68.43 ft Lot Dimensions
- 9,844 Total Buildable SF
- $107 Price/Buildable SF
- 12,330 Total Buildable SF (UAP)
- $85 Price/Buildable SF (UAP)
Listing Contacts
Listed by IPRG Investment Property Realty Group
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