Property Description

The property is a Newly Built Fully Vacant 7 story Elevator Building with 40 residential units. The masonry-based structure also has a cellar, 12 enclosed parking spaces, plus eight open parking spaces, for a total of 20 parking spaces. There is a 905 square foot Recreation Room on the first floor which may be rented to a Not-for-Profit Agency. Each apartment has its own (PTAC) Packaged Terminal Air Conditioner unit, which provides both heating and cooling. The property is in the Kingsbridge Section of The Bronx with unobstructed views overlooking Manhattan, The East River, the Harlem River, the Hudson River, New Jersey Palisade National Park and the Bluffs and with easy access to public transportation. Property has a total gross size of 38,047 square feet and was built in 2023. The Property qualifies for the new 485x Tax Exemption (Upon Construction completion - 35-years (100% First 25 Years then 25% remaining 10 Years).