08/28/2025
Prime Development Opportunity – 9-Unit Mixed-Use Property | Bronx, NY 🚀
📍 506 Brook Ave, Bronx, NY 10452
💰 Asking Price: $1.6M
📐 Lot Size: 2,450 SF | Building Size: 8,950 SF
🏢 Zoning: R6 | C1-4 | Located in a Designated Opportunity Zone ✅
🚆 Unbeatable Location: Just blocks from the 2 & 5 trains, providing seamless access to Manhattan and major NYC transit hubs.
🔥 Exceptional Development & Investment Potential 🔥
This 9-unit mixed-use shell property is a high-value opportunity for developers, investors, and 1031 exchange buyers looking to capitalize on the Bronx’s rapidly growing market. With significant tax incentives, strong rental demand, and prime transit access, this property offers a strategic investment with long-term upside.
📊 Unit Mix Overview:
Total Residential Units: 9
8 Units – 3 Bedrooms
1 Unit – 2 Bedrooms
1 Unit – Studio
Commercial Unit: 1 unit (800 SF)
🔹 Key Investment Highlights:
✔ High-Value Development Opportunity – Customization or ground-up redevelopment potential
✔ 9 Free-Market Residential Units + 1 Commercial Space – Maximize rental income and long-term appreciation
✔ Opportunity Zone Advantage – Unlock significant tax benefits for investors
✔ CONH Application in Progress – Streamlined approval process for redevelopment
✔ High-Growth Market – Increasing property values and strong tenant demand
✔ Prime Transit-Oriented Location – Near the 2 & 5 trains, ensuring high occupancy and rental demand
