Prime high-density development opportunity on the Grand Concourse. Mixed-use site featuring a building (to be demolished) and an empty irregular lot measuring approximately 78.23' x 109.14' with an existing building footprint of approximately 74' x 59.08'. Zoned R8 General Residence District with FAR / Max FAR: 1.200 / 6.020, offering substantial residential buildable potential (subject to approvals). Development narrative supports the ability to accommodate two towers with approximately 100 units each, creating a rare scale opportunity along one of the Bronx’s most prominent corridors. Existing structure styleified P5 – Community Center, allowing for redevelopment or repositioning strategies. Ideally located near the East Tremont stop of the uptown MTA D train, providing strong transit access and tenant demand. Property delivered AS-IS.
1925 Grand Concourse, Bronx, NY, 10453
The rates and annual percentage rate (APR) displayed are based upon the following assumptions: a 20% down payment (e.g. $20,000 down on a $100,000 purchase price), conforming loan amount, $1,950 in finance charges, 30 days prepaid interest, 1 point, 30 day rate lock. The rates and annual percentage rate (APR) will vary depending upon the actual down payment percentages, points and fees for your transaction. Rates and the margin for adjustable rate mortgages [if applicable] are subject to change without prior notice and may vary with your unique credit history, and terms of your loan. The rates displayed vary by property state, may change or not be available at commitment or closing or may be subject to product restrictions.
The Initial Interest Rate and Initial Principal & Interest Payment are fixed for the first five years (for a 5/6 ARM) or seven years (for a 7/6 ARM) and adjust every six months thereafter for the remainder of the loan term. The Interest Rate and annual percentage rate may increase after consummation. The Index for this product is the SOFR. The margin for this adjustable rate mortgage may vary with your unique credit history, and terms of your loan. Mortgage Rates are subject to change, loan amount and product restrictions and may not be available for your specific transaction at commitment or closing. Rates, and the margin for adjustable -rate mortgages [if applicable], are subject to change without prior notice.
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