$13,000,000

Property Description

DEVELOPMENT SITE AVAILABLE WITH GREAT INCOME PROJECTION: Approved plans for the construction of a 54 unit apartment complex with 17,000 SF of retail space and 23 parking spaces. Ready to go. Use ours or develop your own. Located in the heart of Pelham Parkway North/Allerton Ave, Retail strip. This gem of a property is situated near NYC Subway system (White Plains Road) proximate to high density apartment houses, high pedestrian traffic. Formerly a Pioneer Supermarket. Purchase includes 7,500 adjoining lot as part of package deal. PGI 37 1 Bedroom units at $1,500/mo or $660,000 per year plus 17 2 bedroom units at $1,900/mo or $387,600 15,000 retail at triple net lease $45,000/mo or $540,000/yr and 27 parking spaces at $200/mo or $64,800 / yr. Total Projected Gross Income Estimate of $1,652,400. Asking price for entire package $13,000,000

Property Features

  •  0.2414
  •  Municipal
  •  Municipal
  • Exterior Features

  •  Corner Lot
  •  Municipal
  • School Information

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    Courtesy of Richard Greco Real Estate

    Schedule to See Homes

    Jaime Spedaliere

    914-719-6891
    Keller Williams NY Realty