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Type:
Multifamily
Sq Ft:
9,840
Units:
Property Description
Investment Property Realty Group (IPRG) has been exclusively hired to sell 2029-2031 Burr Avenue located in the Pelham Bay section of the Bronx. The subject deal consists of two walk up brick apartment buildings.
2029 Burr Avenue is a 2-story free market three-unit building. The apartments are broken into one 3- bedroom apartment, one 2-bedroom apartment, and one 4-bedroom apartment.
2031 Burr Avenue is four story- eight unit building that was built in 2006. Given that the 421A tax abatement has expired, once a tenant leaves the unit will become free market allowing you to bring the rent up to top of the market. This gives the building a ton of future upside, allowing you to increase the rent roll significantly.
The buildings are in a 2-minute walking distance from the pelham Bay Park subway station (6).
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Block & Lot:
04249-39,41
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Neighborhood:
Pelham Bay
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Cross Streets:
East 196th & Westchester Ave
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Units:
11
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Total Approx. SF:
9,840
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Zoning:
R5A
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FAR:
1.1
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Tax Class:
1&2B
