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Concourse Village Development Site 292 E 166th St 46 Unit Apartment Building $5,511,040 CAD ($119,805 CAD/Unit) Bronx, NY 10456
INVESTMENT HIGHLIGHTS
- Single-story taxpayer property, poised for redevelopment into a seven-story mixed-use building containing 46 residential units and 14 parking spaces
- Walking distance of the 167th Street subway station serving the [B, D, 4] lines, and the Melrose train station
- 40,941 BSF
EXECUTIVE SUMMARY
Besen Partners is pleased to exclusively offer for sale this single-story taxpayer property, poised for redevelopment into a seven-story mixed-use building containing 46 residential units and 14 parking spaces, totaling approximately 40,941 BSF. Built circa 1931, the existing property occupies the southeast corner of College Avenue and East 166th Street, within walking distance of the 167th Street subway station serving the [B, D, 4] lines, and the Melrose train station on East 162nd Street. Located just four miles northeast of the vibrant streets of Midtown Manhattan, the neighborhood offers an affordable alternative for those seeking proximity to the city while enjoying a more provincial atmosphere. Home to renowned attractions such as Yankee Stadium and the Bronx Museum of the Arts, the area celebrates a rich cultural heritage and enduring artistic spirit.
PROPERTY FACTS
| Price | $5,511,040 CAD | Lot Size | 0.21 AC |
| Price Per Unit | $119,805 CAD | Construction Status | Proposed |
| Sale Type | Investment | Building Size | 40,941 SF |
| No. Units | 46 | No. Stories | 7 |
| Property Type | Multifamily | Parking Ratio | 0.34/1,000 SF |
| Property Subtype | Apartment | Opportunity Zone |
Yes
|
| Apartment Style | Low-Rise | ||
| Zoning | R7-1 - Medium density residential; 7 story construction has an open space (18.5) to floor area (3.05) ratio + parking requirement | ||
| Price | $5,511,040 CAD |
| Price Per Unit | $119,805 CAD |
| Sale Type | Investment |
| No. Units | 46 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Lot Size | 0.21 AC |
| Construction Status | Proposed |
| Building Size | 40,941 SF |
| No. Stories | 7 |
| Parking Ratio | 0.34/1,000 SF |
| Opportunity Zone |
Yes |
| Zoning | R7-1 - Medium density residential; 7 story construction has an open space (18.5) to floor area (3.05) ratio + parking requirement |
UNIT MIX INFORMATION
| DESCRIPTION | NO. UNITS | AVG. RENT/MO | SF |
|---|---|---|---|
| Studios | 5 | - | - |
1 1
Walk Score®
Walker's Paradise (90)
Transit Score®
Rider's Paradise (100)
Bike Score®
Very Bikeable (78)
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Concourse Village Development Site | 292 E 166th St
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