Denham Wolf Real Estate Services, as the exclusive agent, is pleased to present the opportunity to purchase a vacant 15,050 SF residential building. The property presents a prime opportunity for an owner-user or a developer.

HIGHLIGHTS:

• Will be delivered fully vacant
• Corner lot location with light and air on all four sides
• 16 residential units: 4 x 1-beds, 9 x 2-beds, 3 x 3-beds
• Proximity to the Bronx Zoo and the New York Botanical Garden
• Close to transportation hubs in the Bronx
• As is, where is sale
• Located in the Belmont submarket of the Bronx, known as “Little Italy of the Bronx”
• Potential excess development rights
• May be suitable for a variety of uses, including permanent affordable housing, domestic violence shelters, or supportive housing

Property Description

The property is prominently positioned on a detached blockfront building, allowing for light and air on all four sides. The improvements comprise a building with approximately 150 feet of frontage on Crotona Avenue, Grote Street, and Garden Street that has served as temporary housing since 1989. Constructed in 1912, 2252 Crotona Avenue is four stories tall, with a fully built-out and windowed lower level. An internal staircase in the entryway provides access to all floors, while two exterior fire escape staircases offer egress on the north and south sides of the building. Each upper floor contains four residential units, and the lower level houses several offices, a recreation room, and a laundry room.

For additional information and access to the virtual deal room, please contact the exclusive broker:

Christopher D. Turner, MRICS +1 212 629 7013
Kate Hrobsky +1 646 814 8856
Cameron Tuttle +1 1 646 307 4546