Mixed-Use Building in the Bronx, NY

598 Grand Concourse Bronx , NY 10451

Bronx
FOR SALE
Property Type:
Mixed Use
Amount:
$2,350,000
Cap Rate:
0.00%
Last Verified:
Dec 10, 2024

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• For Sale: 4-Story Mixed-Use Building Consisting of Commercial and Residential Units • Zoned for C4-4, Bronx, (O9) • Restaurant Tenant Pays for Water and Sewer, All Tenants Pay for Electric and Heat • Located Within Walking Distance to the 149 St - Grand Concourse Subway Station • Surrounded by Various Neighborhood Retail and Amenities such as McDonald's, Chinese Restaurant, Italian Restaurant, Clothing Stores, Schools, & More

Map of 598 Grand Concourse , Bronx , NY, 10451

Presented by:
American Investment Properties

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Ron Koenigsberg


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What are Real Estate Incentives?

Real Estate incentives range widely and have been overlooked by the Commercial Multiple Listing Services (MLS) for decades. Real estate incentives is a generic term used to group any number of programs, such as tax incentives, that are designated by an agency for a geographic area."

Why are Real Estate Incentives Important and to Whom?

"Incentives" are vital today and in the future because:

  • U.S. Public: Many incentives focus on job creation and Affordable Housing
  • Investors and Commercial Developers use incentives to reduce financial risk, obtain gap financing, etc. Investors and developers look for property listings with incentives available.
  • Commercial Real Estate Brokers, in mass, unfortunately do not know about incentives tied to their listings
  • Entire Supply Chain of Real Estate Development such as small and large companies who will provide goods and services to new and revitalized properties.