964-968 EAST 167 STREET

For Sale - Bronx - Foxhurst

$1,850,000

Net Operating Income: $186,985

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Key Details

Property Type
Mixed Use
Neighborhood
Foxhurst
Property Dimensions
50.01 x 50.0
Property Area
7,501 sq.ft.
Total Units:
10
Stories:
3
NOI
$186,985
Price
$1,850,000

Listing Description

Development Site Advisors has been retained on an exclusive basis to arrange for the sale of 964-968 East 167th Street. The subject property consists of three (3) contiguous buildings that contain (8) residential units and two (2) commercial units. The Property offers a prime redevelopment opportunity for investors. The building is in a recently designated Opportunity Zone, allowing for a long term holder to defer and even eliminate capital gains tax. It is within close proximity to the 2, 5, and 6 subway lines. 968 East 167th Street is equipped with a driveway that leads to garages in the rear yards of the contiguous buildings.

Property Details

Block/Lot:
2744/23, 24 & 25
Lot Dimensions
58.0 x 90.0
Lot Area
5,250 sq.ft
Zoning:
C2-4 / R7-1
FAR as Built:
4.00
Max FAR:
4.80
Lev KimyagarovGoldenwood Property Advisors
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