821 Jennings Street, The Bronx, NY, USA

Bronx, New York

Located on the north side of Jennings St between Bristow St and Stebbins Ave.

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Total Square Feet

3,910 SF

Asking Price

$1,400,000

Tax Class

Zoning

R7-1

Total Units

Fully Occupied Mixed-Use Corner
Corner mixed-use building with four free-market apartments and a ground-floor deli, 100% occupied and generating in-place cashflow with no lease-up required
In-Place Yield
Offered at $1,400,000, a 7.93% capitalization rate on $111,030 of in-place net operating income and $358 per square foot
Free-Market Apartments
Residential units rent for approximately $3,650/month on average; with fewer than six units, the building is not subject to rent stabilization
Zoning & Air Rights
R7-1 zoning (3.44 FAR) permits 8,600 buildable SF on the 2,500 SF lot, leaving approximately 4,690 SF of unused as-of-right air rights
Foxhurst Location & Transit
Steps from Crotona Park and Bronx-Lebanon Hospital, and a short walk to the 2 & 5 express trains at Freeman St with direct service to Manhattan