Sasi Elya
EPIC Commercial Realty has been retained on an exclusive basis to broker the sale of220 East 134th Street, a commercial building with development rightsin Mott Haven-South Bronx.
220 East 134th Streeta 6-story commercial building that can be delivered vacant. It consists of 112,190 SF of development rights (as-of-right residential). The current tenancy generates $700k/year of total revenue. One option to develop the property is to fully utilize the residential air rights for a multi-family development; an investor can also choose to implement the proposed plans (come with the deal) for a 16-story mixed-use building consisting of a 75-apartment free market residential portion and a 118-room hotel portion (+ restaurant on the ground floor). Site is located by Third Ave Bridge and within walking distance from the 3rd Ave - 138th St [6] train station.
Mott Haven-South Bronx is flanked on two sides by water ways: The East River and the Harlem River. Some of the factories that still stand are used as storage facilities. Others have been converted to offices. There are a couple of pockets of residential areas where you’ll find mostly multi-family homes and a few mid-rise apartment buildings. In spite of its small population, it has a fair share of services in the way of groceries and household supplies.
220 East 134th Street is being listed at $29,000,000 by EPIC Commercial Realty CEO, Sasi Elya.
About EPIC Commercial Realty
EPIC Commercial Realty is a full-service commercial investment brokerage firm that provides comprehensive and innovative real estate solutions to investors, property owners, and corporations worldwide. EPIC Commercial Realty is dedicated to continuously developing dynamic relationships resulting in increased capital beyond the expectation of our clients. Through such principles as integrity and hard work, we strive to develop into an esteemed commercial investment resource for property owners, investors, and corporations worldwide.
