Press Release brought to you by Cushman & Wakefield Capital Markets Group New York

Massey Knakal Retained Exclusively To Sell Investment Property In University Heights

03/12/2013

Massey Knakal Realty Services has been retained on an exclusive basis to sell a user/investment property at 2062 Morris Avenue. The property is located between West Burnside Avenue and East 181st Street in the University Heights neighborhood of the Bronx. The asking price is $695,000.

The site consists of a three-story walk-up building containing approximately 4,190 gross square feet on a 19.58' x 100' lot.  The first floor is currently occupied by a medical office tenant who is operating on along-term lease.  The retail tenant also contributes 100% of the annual property taxes and is individually metered for utility services.  The second and third floors are vacant and ideal for a residential or office conversion. 

Within a four minute walk to the Burnside Avenue #4 subway station and an eight minute walk to the 182nd-183rd Street B and D subway stations, the property is situated directly between two transportation options that service the majority of the Bronx and Manhattan.  The building is also located near multiple bus stops, including one two blocks away at the corner of East Burnside Avenue and Grand Concourse.  With a strong retail tenant in place, 2062 Morris Avenue represents an opportunity for an owner/user or investor.

For more information on this listing, contact Massey Knakal First Vice President of Sales David Simone or Director of Sales Nick Burns at 212.696.2500.

Massey Knakal specializes in the sale of investment and user properties in the New York Metropolitan area. Since 1988, our agents have closed over 4,500 transactions having a market value in excess of $17 billion.

www.masseyknakal.com

03/12/2013 - 14:28

Source

Cushman & Wakefield Capital Markets Group New York

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