2529a Grand Ave, New York, NY 10468

Description

ATTENTION INVESTORS: FULLY OCCUPIED LEGAL 3-FAMILY (WILL NOT BE DELIVERED VACANT)

Outstanding opportunity to own a well-maintained, fully tenant-occupied legal three-family property in the highly accessible Fordham/Kingsbridge Heights area of the Bronx. Please note: This property is 100% rented. There are zero vacancies, and the building will NOT be delivered vacant.

Built in 2004 and offering approximately 3,206 sq. ft. of living space, this spacious property features a desirable unit mix: a 2-bedroom, 2-bath first-floor apartment and two 3-bedroom, 2-bath apartments on the second and third floors. Each unit offers generous layouts and hardwood flooring, with natural-gas heat and separately metered gas and electric service for each apartment. The first-floor unit also enjoys access to private rear outdoor space, while one front parking space provides valuable off-street parking.

With all units currently leased, the strong 2BR/3BR/3BR configuration provides immediate, day-one cash flow for investors. Conveniently located near the 4 and D subway lines, multiple bus routes including the Bx12, Bx9, Bx3, Bx22, and Bx28, and a wide variety of shopping, schools, colleges, healthcare facilities, and major roadways.

Beyond its current turnkey income, the property offers an especially compelling long-term investment opportunity. Situated on an approximately 18.75' x 106' lot in an R6 zoning district, the property sits in an area experiencing continued multifamily investment and development. The surrounding neighborhood includes significantly larger multifamily developments, creating potential opportunities for investors interested in future redevelopment, assemblage, or additional development rights. Any redevelopment, expansion, air-rights or assemblage potential should be independently verified by the purchaser with the appropriate zoning and architectural professionals.

A unique opportunity to acquire a modern, fully leased legal three-family property combining parking, outdoor space, separate utilities, high immediate rental income, excellent transportation access, and intriguing long-term development possibilities. PROPERTY IS BEING SOLD STRICTLY WITH ALL TENANTS IN PLACE.