About This Property
A newly constructed 16 unit rental building in the heart of Hunts Point. The project is a mix of twelve 1-bedrooms and 4 studios. The development is also located within a Federal Opportunity Zone. Developer will transfer the tax incentives to the new owner. 627-629 Faile Street will each be a four story walk up building, with separate entrances and can be sold separately. The cost per building is $2,700,000.
The first floor will have the building utility space, and a large 1 bedroom with its own private garden. The second floor will have a large 1 bedroom facing North and two studios facing South. The third and fourth floor have the same floor plate, consisting of 1 bedrooms on the North and South Side of the building.
The units facing North will overlook historic townhouses, and the Southern facing units will overlook the rear garden. The apartments will consist of open kitchens with stainless steel appliances, quartz countertops, and washer/ dryers in each 1-bedroom unit.
Neighborhood favorites include Boogie Down Bronx Cafe, Valencia Bakery and Barretto Point Park, where the nation's only floating pool stands. Also, located in Hunts Point is the New Fulton Fish Market, a unique attraction that allows the residents to have the freshest seafood in the city. The area is serviced by the BX 46, and SBS 6 buses and is a 36 minute commute into Grand Central