777 Weeks Avenue

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Address: 777 Weeks Ave, Bronx, NY 10457, USA
Created date: March 27, 2024
Date last updated: April 25, 2024

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

Key Property Information

Listing Status: Available
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
Address: 777 Weeks Ave, Bronx, NY 10457, USA

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