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$1,915,875
List Price: $1,950,000
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3850 Cannon Place
Townhouse in Kingsbridge Heights •  building info
5bd • 4ba • 3,726ft² $523 per ft²
Buy with Yoreevo

$1,915,875

List Price

$1,950,000

Key Details
Days on market
58
Last price change
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Estimated payment
$11,799/mo
Taxes
$993/mo
Maintenance
N/A
Description
Rare chance to develop four two-family detached homes in the desirable Van Cortlandt Village neighborhood of the Bronx. Prime opportunity for builders or investors looking for a shovel-ready project in a thriving residential area with strong rental and resale potential. Proposed drawings attached. Development Opportunity: -Four two-family detached homes, each with two parking spaces -Lot size: 14,908 sq ft -Total buildable area: Approx. 3,700 sq ft + cellar per home -Each residence: 3 stories, approx. 1,200 sq ft per floor -Layout: 3-bedroom apartment below a 4-bedroom duplex above Available for the first time since its construction in the 1920s, 3850 Cannon Place is a two-family house, situated on a massive oversized lot- a rare opportunity in this part of the city. Located in the Kingsbridge Heights neighborhood of the Bronx, the property features three units and retains much of its early 20th-century character. Built on top of a hill with entrances via the 2 car garage or through a private stairway, this compound includes multiple fruiting trees, including Persimmon trees, a huge cherry tree, apple tree, plum tree, walnut tree, and grape vines, an original carriage house, and plenty of fully enclosed yard space. Surrounded by greenery, youll feel as if you are in an oasis outside the city, or in your own private park. Architecture fans will appreciate the 1920s charm throughout the home- including a wood-burning fireplace, inlaid hardwood floors, original crown molding, wainscoting and ceiling medallions. The main level of the home splits the classic mahogany stairway into two separate one bedroom, one bathroom apartments. The second floor apartment is a three bedroom one bathroom unit with a large eat in kitchen and a massive terrace. The attic level provides an additional office space and plenty of storage. The basement of the home is very large and features tons of storage space, laundry, and access to the yard and garage. There is also a large cedar closet for coat storage. This is a great opportunity to re-finish the space and make it your own! Located just a few short blocks from the 238th Street #1 train station, this home offers easy access to local and express buses, the Deegan Expressway, Henry Hudson Parkway, and the George Washington Bridge a commuters dream. Nearby Kingsbridge shopping includes local conveniences, Target, Marshalls, BJs, TJ Maxx, and Stop & Shop. For outdoor enthusiasts, Van Cortlandt Park is just down the street, offering an array of outdoor activities. Reach out today to make this one of a kind property yours.

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Important Stuff
Washer/Dryer in unit
Home features
Fireplace
Hardwood floors
Private outdoor space

Terrace

Building amenities
Services and facilities
Laundry in Building
Parking

Garage

Shared outdoor space
Patio
Building info

History
What it'll cost
Purchase price
$1,950,000
Asking Price: $1,950,000
Term
30 Years
Down Payment
$195,000 (10%)
Min: 10% (195,000)
Rate
6.25 %
Mortgage Amount
$1,755,000
Mortgage Payment
$10,806
Taxes
$993
Estimated Yoreevo rebate
$34,125
Estimated closing cost
$68,000
Total monthly cost $11,799
Buy your dream home with us and get an estimated $34,125 rebate.
Rebates vary by sale price, market and are subject
to a minimum commission.
Listing Courtesy of Compass

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