701 Garden St
Bronx, NY 10457
Multifamily Property For Sale · 18 Units

Denham Wolf Real Estate Services, as exclusive agent, is pleased to present the opportunity to purchase a vacant 15,050 SF residential building. The property presents a prime opportunity for an owner-user or a developer. This opportunity is located in the Belmont submarket of the Bronx, approximately one mile from Metro North and MTA subway lines with the local 17 bus passing in front of the property and local 9, 19, 40 and 42 buses all within 0.25 miles. The building is also a short walk from major New York City attractions, including the Bronx Zoo and the New York Botanical Gardens. The property is prominently positioned on a detached blockfront building providing light and air on all four sides of the building. The improvements comprise a building with approximately 150 feet of frontage on Crotona Avenue, Grote Street and Garden Street that has served as temporary housing since 1989. 2252 Crotona Avenue was built in 1912. It is four stories tall plus a fully-built out, windowed lower level. One staircase in the entryway provides access to all floors. Two exterior fire escape staircases provide egress on the north and south sides of the building. Each upper floor contains four residential units while the lower level is built out with several offices, a recreation room, and a laundry room.
Investment Highlights:
• Will be delivered Fully Vacant
• Corner lot location with light and air on all four sides
• 16 residential units: 4 x 1-beds, 9 x 2-beds, 3 x 3-beds
• Proximity to the Bronx Zoo and New York Botanical Garden
• Close to Transportation Hubs in the Bronx
• As-Is, Where Is Sale
• Located in the Belmont submarket of the Bronx, known as “Little Italy of the Bronx”
• Potential Excess Development Rights
• May be suitable for a variety of uses, including permanent affordable housing, domestic violence shelters, or supportive housing