Log In/Sign Up
Your email has been sent.
1602 Hering Ave 1,642 SF Office Building Bronx, NY 10461 $2,503,977 CAD ($1,524.96 CAD/SF)
Investment Highlights
- Existing Income: Lot 39 features an existing ~1,642 SF building with a medical office on the ground floor and a residential unit above
Executive Summary
We are pleased to present the Morris Park Assemblage, a versatile development opportunity located in one of the Bronx’s most desirable residential enclaves. This offering combines a 50-foot wide vacant parcel with an adjacent improved lot, creating a total footprint of 7,500 square feet with significant frontage on Hering Avenue, and includes DOB approved drawings.
Situated in an R4 Zoning District, the site offers a unique “dual-track” development potential. It is ideally zoned for high-density Community Facility (Medical) use—capitalizing on its location in the Bronx’s “Medical Mile”—while also possessing the perfect dimensions and zoning fundamentals for three residential buildings that contain three two-bedroom apartments.
(Assemblage includes Block 204113, Lots 39 & 40)
Situated in an R4 Zoning District, the site offers a unique “dual-track” development potential. It is ideally zoned for high-density Community Facility (Medical) use—capitalizing on its location in the Bronx’s “Medical Mile”—while also possessing the perfect dimensions and zoning fundamentals for three residential buildings that contain three two-bedroom apartments.
(Assemblage includes Block 204113, Lots 39 & 40)
Data Room Click Here to Access
- Offering Memorandum
Property Facts
Sale Type
Investment
Sale Condition
Redevelopment Project
Property Type
Office
Property Subtype
Medical
Building Size
1,642 SF
Building Class
C
Year Built
1920
Price
$2,503,977 CAD
Price Per SF
$1,524.96 CAD
Tenancy
Single
Building Height
2 Stories
Typical Floor Size
800 SF
Building FAR
0.22
Lot Size
0.17 AC
Zoning
R4, Building Class is O2 - O2 Building Class allows office use.
Parking
2 Spaces (1.38 Spaces per 1,000 SF Leased)
Amenities
- Air Conditioning
Exceptionally walkable
100/100
Fairly drivable
50/100
Exceptional public transit
90/100
Moderately bikeable
70/100
Property Taxes
| Parcel Numbers | Improvements Assessment | $101,777 CAD | |
| Land Assessment | $300,305 CAD | Total Assessment | $397,685 CAD |
Property Taxes
Parcel Numbers
Land Assessment
$300,305 CAD
Improvements Assessment
$101,777 CAD
Total Assessment
$397,685 CAD
1 of 5
Videos
Matterport 3D Exterior
Matterport 3D Tour
Photos
Street View
Street
Map
Presented by
1602 Hering Ave
Already a member? Log In
Hmm, there seems to have been an error sending your message. Please try again.
Thanks! Your message was sent.