2023 new construction elevator building with 54’ of frontage on Weeks Avenue
9-story building spanning 30,066 gross square feet and containing 47 units comprising of 22 studios, 23 one- bedrooms, & two community facility spaces
Benefits from a 421a tax abatement expiring in 2059
31 residential units and community facility space master leased to a nonprofit corporation for the next 9 years
Master lease tenant has the right to exercise two 5 year renewal extensions under the same terms and conditions of the lease, except for a base rent increase of 2% every 2-years during each renewal term
Separate elevator for residential and community facility
Situated in the Mount Hope section of the Bronx near the B/D/4 subway stations
Listing Status: | Available |
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Listing Type: | Highest & best offer |
Property Types: | Apartment Buildings |
No. of Units: | 47 |
Building Size: | 30,066 Sq ft |
Lot Size: | 5,111.00 Sq ft |
Opportunity Zone: | No |
CBRE | Nevada
Marcus & Millichap
Avison Young - US - NY - New York
GREA
California
North Carolina
California