Retained as Unique Dealer to Promote a 20 Circle of relatives Construction Web site within the Bronx, NY for $1,700,000

New York, NY, December 22, 2021 –(– has been retained on an unique foundation to promote a 20 circle of relatives 15,000 internal usable sq. foot building website within the Bronx. The vendor’s minimal required value is $1,700,000.

This development website is situated at 3573-3575 Laconia Street within the Williamsbridge segment of the Bronx between 212th and 213th streets.

The plans when licensed suggest development of a 4-story top walk-up assets containing 20 residential flats produced from 3 studios, 10 one bed room, 6 two bed room and 1 3 bed room flats. Moreover, the plan would permit outdoor rear parking house containing 13 possible areas plus 10 possible internal bicycle parking areas with rooftop duplex condominium.

This may constitute 14,963 internal usable residential sq. ft on a 7,517 sq. foot double lot assemblage with 17,112 most buildable sq. ft.

After finalizing development, the fortunate potential new purchaser developer may just revel in a Attainable Overall Efficient Gross Source of revenue of $504,005. The possible residential source of revenue could be $495,132 for its 20 residential devices, $31,200 for its 13 parking areas and $4,200 for its bicycle areas.

“With inflation achieving a 40 12 months top of seven% the call for for inexpensive housing all the way through New York is ever extra essential. I’m proud to lend a hand seed the longer term with 20 long term households who will to find their house right here in The Bronx the borough of New York Town that I name house,” mentioned Andrew Lichtenstein the unique vendor’s dealer.

The improvement website is within the Williamsbridge segment of The Bronx on a fantastic tree covered residential block just a block to the industrial East Gun Hill Street the place long term tenants can store, take public transportation and the #2 and #5 trains.

The valuables is with ease situated with reference to private and non-private Catholic faculties and not more than 2 miles from Albert Einstein Faculty of Drugs and Fordham College.

This building website is being advertised solely by means of Andrew Lichtenstein, Inc. has been actively effectively promoting multifamily and industrial actual property for its purchasers in and round New York Town.

LichtensteinRE focuses on the unique gross sales of multifamily and combined use industrial actual property houses in New York Town’s 5 boroughs. LichtensteinRE is a complete provider Industrial Actual Property Gross sales, Financing and Advisory Provider Boutique primarily based in New York Town, the monetary capital of the sector. LichtensteinRE’s confirmed enjoy, observe report, financing skill, unique patrons and connections with tens of hundreds of assets house owners assures their promoting purchasers the most productive imaginable value when a landlord proprietor desires to promote their assets.

DoctorMortgage, which is LichtensteinRE’s financing department, has been a pace-setter in industrial actual property loan debt financing since 1991. DoctorMortgage is in a position to negotiate and facilitate financing to ship the most productive value, leverage and go back on funding imaginable.

LichtensteinRE’s biggest skill is creativity and downside fixing. After promoting the landlord’s assets, LichtensteinRE has assisted a success dealers in finding substitute 1031 tax deferred exchanges and in some instances has greater than doubled the vendor’s web source of revenue post-closing. To be informed extra, touch Andrew Lichtenstein at (800) 242-9888 or [email protected].

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