3 Unit Development Site Bronx
Investment Highlights
East 228th st bronx 3 family brick 22x70 built on 36x115 lot - 3000sqFt built (8500sqFt buildable and 13k buildable with CF) All tenants paying - RR below Apartment 2R, , $1600 cash. Apartment 2F, $1600 cash Apartment 1, $2775 cash 4-garages, $125+$125+$200. Basements are currently vacant but can get $1200 and $800 respectively Property comes as is $899k *CLOSED* this one took almost 2 years. Buyer in our groups got the tenants out & bought the air rights from next door & flipped the property for $2.1m as a development site even though he ASSURED us that was not his plan. Money can make even the most righteous among us spin yarns of every color — the honest man suddenly develops a talent for the plausible half-truth, the “I’d never,” the “that’s not my intention,” all delivered with a straight face and a firm handshake. No hard feelings, really — a deal’s a deal, the air rights were his to buy and the flip was his to make. Plans change the moment the deed clears. They always do — the only question is whether you saw it coming. On to the next one.
Location
📍 Bronx
🔒 The exact address and location are confidential and are released only after you sign the NCNDA and the listing broker approves your request.
Recent sales in the Bronx
Nearby buildings from NYC public records. Click any address for its owner, sales and mortgage history.
- 1265 Oak Point Avenue $21,603,666 · Industrial / Warehouse · sold Aug 2026
- 109 East Burnside Avenue $14,000,000 · Office · sold Sep 2026
- 1865 Bruckner Boulevard $13,319,312 · Retail · sold Oct 2026
- 3565 3 Avenue $12,350,000 · Special Purpose · sold Oct 2026
- 425 Devoe Avenue $10,750,000 · Industrial / Warehouse · sold Aug 2026
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Who finances deals like this
The lenders with the most recorded development site mortgages in Bronx since 2021, from public ACRIS filings.
- Pccp Lm Manager, LLC — 3 loans, typically $8.5M–$82.13M
- Broad X Funding Ii LLC — 3 loans, typically $650K–$6.4M
- New York Institute For Human Development, INC. — 3 loans, typically $600K–$6.3M
- Bxc 1677-79 Eastburn Funding LLC — 2 loans, typically $750K–$11.3M
- Community Access, INC. — 2 loans, typically $2.68M–$2.78M
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Pro-forma, debt sizing against real recorded NYC leverage, cash flow, IRR and a sensitivity grid. Free account — no card.
