Multifamily
861 Eagle Street
861 Eagle Ave, The Bronx, NY 10456
Listing Price: $5,150,000
Investment Overview
861 Eagle Avenue is located in the heart of the South Bronx neighborhood of Melrose right off of 161st, just 1 mile east of Yankee Stadium.
This provides investors with the opportunity to buy a vacant warehouse with drive-in access thorough a large bay door entry point located on Eagle Avenue. The first floor currently offers an open layout and benefits from high ceilings.
861 Eagle Avenue is located in a Qualified Opportunity Zone and allows for a potential rezoning into a residential development. With the benefit of the QOZ & rezoning, various tax benefits would apply along with becoming apart of the Mandatory Inclusionary Housing program.
This site is a short walk to the 2/5 Subway lines and the Metro North train in close proximity to the site.
Listing Price: $5,150,000
Investment Highlights
- Delivered Vacant
- 81' Frontage
- M1-1 Zoning
Investment Overview
861 Eagle Avenue is located in the heart of the South Bronx neighborhood of Melrose right off of 161st, just 1 mile east of Yankee Stadium. This provides investors with the opportunity to buy a vacant warehouse with drive-in access thorough a large bay door entry point located on Eagle Avenue. The first floor currently offers an open layout and benefits from high ceilings. 861 Eagle Avenue is located in a Qualified Opportunity Zone and allows for a potential rezoning into a residential development. With the benefit of the QOZ & rezoning, various tax benefits would apply along with becoming apart of the Mandatory Inclusionary Housing program. This site is a short walk to the 2/5 Subway lines and the Metro North train in close proximity to the site.
To view property details and documents, sign up for a free MyMMI account.
Explore exclusive listings, access research insights, and set up automated alerts for a personalized experience. Sign up now to elevate your property search.
