2916 Grand Concourse
Property Description
Rare Grand Concourse Development & Value-Add Opportunity Princeton Realty Group is pleased to present 2916 Grand Concourse, the iconic Kolping on Concourse property—a rare large-scale commercial asset occupying a prominent corner along one of the Bronx’s most recognizable corridors. The property consists of a substantial Single Room Occupancy (SRO) building with significant scale and presence, complemented by two adjacent development lots offering exceptional future upside. The combination of an existing income-producing/improvable structure and additional buildable land creates a unique opportunity for investors, developers, nonprofit organizations, and institutional buyers seeking to unlock long-term value in a rapidly evolving submarket. Strategically positioned on the Grand Concourse, the property benefits from outstanding visibility, excellent frontage, convenient access to major highways, and proximity to multiple subway and bus lines, making it an ideal location for residential, supportive housing, mixed-use, or other redevelopment opportunities, subject to applicable approvals. Investment Highlights • Large-scale SRO building with significant existing improvements. • Prime corner location on the Grand Concourse. • Two adjacent development lots included in the offering. • Exceptional redevelopment and expansion potential. • Prominent frontage with excellent visibility and accessibility. • Convenient access to public transportation and major thoroughfares. • Rare opportunity to acquire a marquee Bronx asset with both immediate utility and substantial long-term upside. Opportunities combining a property of this scale, a premier Grand Concourse location, and additional development land are exceptionally scarce. 2916 Grand Concourse presents investors with the ability to reposition, redevelop, or expand one of the Bronx’s most distinctive assets.
Key Property Information
| Listing Status: | Available |
|---|---|
| Listing Type: | Call for offers |
| Property Types: | 2-4 Units |
| Price: | $15,000,000 |
| No. of Units: | 2 |
| Year Built: | 1921 |
| Lot Size: | 0.50 Acres |
| Opportunity Zone: | No |
| Price per unit: | $7,500,000 |
| Property Website | Click Here |
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