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2520 Park Avenue presents a rare opportunity to acquire a strategically located Bronx property offering exceptional flexibility for both owner-users and developers. The site benefits from split zoning, allowing for multiple execution paths including continued industrial or commercial use, future repositioning, or residential and mixed-use redevelopment, subject to approvals. Located in the South Bronx / Mott Haven submarket, the property benefits from strong connectivity to Manhattan, the Major Deegan Expressway, Bruckner Boulevard, and surrounding Bronx neighborhoods. The area has experienced sustained investment momentum, with nearby rezonings, infrastructure improvements, and significant residential and mixed-use development activity supporting long-term value growth. For an end user, the property offers a foothold in a supply-constrained location with flexible use allowances. For a developer, it represents a compelling covered-land play with zoning that supports residential density while retaining industrial allowances where required. Comparable land sales in the immediate area underscore the strength of pricing and demand for sites with similar zoning characteristics. - Split zoning (M1-4 / R7X) offering flexibility for industrial, commercial, residential, or mixed-use strategies. - Attractive development upside with residential zoning allowing up to 5. 0 FAR and manufacturing zoning up to 2. 0 FAR. - Ideal for owner-users seeking long-term control in a supply-constrained Bronx location with future repositioning potential. - Strong South Bronx / Mott Haven location with proximity to Manhattan, Major Deegan Expressway, and Bruckner Boulevard. - Surrounded by active investment and redevelopment, supported by recent comparable land sales and neighborhood momentum. Featured Commercial Sales.
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Our Executive Mortgage Banker:
Our Insurance Division:
$2,995,000
William Raveis Real Estate
Phone: 888.699.8876
Contact@raveis.com
Senior Vice President - Coaching & Strategic
William Raveis Mortgage, LLC
Phone: 203.980.8025
Frank.Kolb@raveis.com
NMLS Mortgage Loan Originator ID 81725
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5/6 (30 Yr) Adjustable Rate Jumbo* |
30 Year Fixed-Rate Jumbo |
15 Year Fixed-Rate Jumbo |
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|---|---|---|---|
| Loan Amount | $2,396,000 | $2,396,000 | $2,396,000 |
| Term | 360 months | 360 months | 180 months |
| Initial Interest Rate** | 5.000% | 5.750% | 5.500% |
| Interest Rate based on Index + Margin | 8.125% | ||
| Annual Percentage Rate | 5.973% | 5.858% | 5.681% |
| Monthly Tax Payment | $4,212 | $4,212 | $4,212 |
| H/O Insurance Payment | $125 | $125 | $125 |
| Initial Principal & Interest Pmt | $12,862 | $13,982 | $19,577 |
| Total Monthly Payment | $17,199 | $18,319 | $23,914 |
* The Initial Interest Rate and Initial Principal & Interest Payment are fixed for the first 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.
The rates and Annual Percentage Rate (APR) cited above may be only samples for the purpose of calculating payments and are based upon the following assumptions: minimum credit score of 740, 20% down payment (e.g. $20,000 down on a $100,000 purchase price), $1,950 in finance charges, and 30 days prepaid interest, 1 point, 30 day rate lock. The rates and APR will vary depending upon your unique credit history and the terms of your loan, e.g. the actual down payment percentages, points and fees for your transaction. Property taxes and homeowner's insurance are estimates and subject to change.