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60 Unit | Article X | Affordable Housing Opportunity with Value-Add Potential

Market Price

1314 Seneca Avenue, Bronx, NY 10474

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Last Updated: 11/20/2024

65,137 sqft

Building Size

62

Units

Details:
Building Size:    65,137 sqft
Units:    62
Highlights:
  • Contains 60 residential units and 2 occupied commercial units within approximately 65,137 gross square feet
  • Recent approval of 610 amendment to existing regulatory agreement allows for significant revenue growth
  • Beneficiary of an Article XI tax abatement, which has a term of 40 years and commenced in 2018 with the taxes being capped at 1% of gross rent until 2028 and 6.5% until 2058
  • Convenient location near multiple subway stops (2/5/6). Westchester and other boroughs accessible via the Bruckner Expressway and Westchester Avenue.
  • Apartment unit mix consists of 16 one-bedrooms, 26 two-bedrooms, 15 three-bedrooms, and 3 four-bedrooms
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