Property Description

BRONX INVESTMENT & DEVELOPMENT OPPORTUNITY - 1976 & 1982 CRUGER AVENUE - OFFERED TOGETHER FOR $1,400,000!Exceptional opportunity to acquire two adjoining properties in the Bronx. The assemblage consists of an existing residential property at 1982 Cruger Avenue, currently configured as two residential units, and 1976 Cruger Avenue, an additional parcel currently improved with four garages. Both properties are zoned R5 and are being offered together as one package.1982 CRUGER AVENUE - RESIDENTIAL PROPERTY Existing house converted into two residential units.Lot Size: 41.42' x 80' (Approx. 3,314 SF)Building Dimensions: 20' x 33'Actual FAR: 0.41Maximum Residential FAR: 1.25Stated Maximum Residential Floor Area: 5,040 SFReported Annual Property Taxes: $6,6011976 CRUGER AVENUE - LAND / FOUR-GARAGE PROPERTY Currently improved with four garages.Lot Size: 101.25' x 79.08' IRR Building Dimensions: 42' x 43'Actual FAR: 0.27Maximum Residential FAR: 1.25Stated Maximum Residential Floor Area: 4,416 SFReported Annual Property Taxes: $5,731COMBINED PROPERTY HIGHLIGHTS:Two adjoining parcels offered togetherR5 zoningExisting two-unit residential structure plus four garagesApprox. $12,332 in combined reported annual property taxesPotential opportunity for investors, builders, and developersTOTAL ASKING PRICE: $1,400,000A unique opportunity to acquire multiple adjoining parcels with existing improvements and potential for future residential development, subject to applicable zoning regulations, approvals, permits, and independent due diligence.ADDITIONAL INFORMATION: The property lots are irregular in shape. Survey available upon request. Buyers are encouraged to review the survey and independently verify all lot dimensions and property boundaries.All dimensions, lot areas, zoning designations, FAR calculations, allowable floor area, development potential, and tax figures are approximate and subject to independent verification. Buyers should consult their own architects, engineers, attorneys, and appropriate NYC agencies to verify all information. Property taxes are preliminary third-party reported figures and should be confirmed with the NYC Department of Finance.Both properties are being sold together as one package.

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