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A blog for breaking sales and neighborhood real estate news.

A mixed-use development site at 66 East Tremont Avenue, located on the southeast corner of East Tremont and Morris Avenues in the Mount Hope neighborhood of the Bronx, was sold in an all-cash transaction valued at $670,000.

The lot contains approximately 4,424 square feet and measures 31’ x 85’.  Situated in a R8 / C1-2 zone on a high traffic corridor, the site holds up to approximately 26,632 square feet, offering an ideal opportunity for mixed-use development.

“We received a lot of interest and offers for this corner site due to its mixed-use zoning and location on East Tremont Avenue, a heavily trafficked corridor. Buyers liked its location between Jerome Avenue and the Grand Concourse,” said David Simone, who exclusively represented the seller in this transaction. “The property is suitable for new residential, commercial or medical building,” David added.

Click here for press release

Neighborhoods: Mount Hope