506 Brook Ave
Bronx, NY 10455
Bronx Mixed-Use Investor Opportunity · Multifamily Property For Sale
·
10 Units
INVESTMENT HIGHLIGHTS
- Exempt from coverage under the Emergency Tenant Protection Act (ETPA) or the Rent Stabilization Law (RSL)
EXECUTIVE SUMMARY
SFG - SOW Figueroa Group is pleased to offer the NYC mixed-use investor
its latest exclusive opportunity, 506 Brook Avenue, Bronx, NY. This mixed-use lot contains 10 units, approx. 8,150 SF of residential rentable space, 8 three-bedroom apartments (980 SF each), 1 two-bedroom apartment and 800 SF of retail space. The property is 100% vacant, a certificate of no harassment application has been submitted. Substantial renovation is required.
*DHCR Fact Sheet #38 Substantial Rehabilitation. A building that has been substantially rehabilitated within the meaning of Tenant Protection Regulations Section 2500.9(e) or Rent Stabilization Code Section 2520.11(e), and is therefore exempt from coverage under the Emergency
Tenant Protection Act (ETPA) or the Rent Stabilization Law (RSL), respectively, for rent stabilized properties where the owner demonstrates, based upon the totality of the circumstances, that the following criteria have been met: All buyers should perform their own due diligence.
LOCATION: 506 Brook Avenue, Bronx NY 10455
BLOCK/LOT: 2274/06
LOT SIZE SF: 2,450SF LOT DIMENSIONS: 25’ x 98’
BUILDING DIMENSIONS: 25’x 78’
RESIDENTIAL SF: 8,150 RESIDENTIAL UNITS: 9
COMMERCIAL SF: 800 COMMERCIAL UNITS: 1
STORIES: 5
YEAR BUILT: 1931
ZONING: R6 l C1-4
QUALIFIED OPPORTUNITY ZONE: Yes
TAXES: $8,392.00
its latest exclusive opportunity, 506 Brook Avenue, Bronx, NY. This mixed-use lot contains 10 units, approx. 8,150 SF of residential rentable space, 8 three-bedroom apartments (980 SF each), 1 two-bedroom apartment and 800 SF of retail space. The property is 100% vacant, a certificate of no harassment application has been submitted. Substantial renovation is required.
*DHCR Fact Sheet #38 Substantial Rehabilitation. A building that has been substantially rehabilitated within the meaning of Tenant Protection Regulations Section 2500.9(e) or Rent Stabilization Code Section 2520.11(e), and is therefore exempt from coverage under the Emergency
Tenant Protection Act (ETPA) or the Rent Stabilization Law (RSL), respectively, for rent stabilized properties where the owner demonstrates, based upon the totality of the circumstances, that the following criteria have been met: All buyers should perform their own due diligence.
LOCATION: 506 Brook Avenue, Bronx NY 10455
BLOCK/LOT: 2274/06
LOT SIZE SF: 2,450SF LOT DIMENSIONS: 25’ x 98’
BUILDING DIMENSIONS: 25’x 78’
RESIDENTIAL SF: 8,150 RESIDENTIAL UNITS: 9
COMMERCIAL SF: 800 COMMERCIAL UNITS: 1
STORIES: 5
YEAR BUILT: 1931
ZONING: R6 l C1-4
QUALIFIED OPPORTUNITY ZONE: Yes
TAXES: $8,392.00
PROPERTY FACTS
UNIT MIX INFORMATION
| DESCRIPTION | NO. UNITS | AVG. RENT/MO | SF |
|---|---|---|---|
| 3+1 | 8 | - | - |
| 2+1 | 1 | - | - |
| Studios | 1 | - | - |
PROPERTY TAXES
| Parcel Number | 02274-0006 | Improvements Assessment | $66,363 |
| Land Assessment | $773 | Total Assessment | $67,136 |
