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1416 Franklin Ave - Infill Development Site 0.24 Acres of Residential Land Offered at $2,200,000 in Bronx, NY 10456

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INVESTMENT HIGHLIGHTS

Prime location next to Crotona Park

EXECUTIVE SUMMARY

Prime development site next to Crotona Park in the Bronx.

1416 Franklin Avenue Setup

PROPERTY FACTS

Price	$2,200,000	Proposed Use	Multifamily Apartment Units Apartment Units - Senior Storefront, Retail or Residential
Sale Type	Investment or Owner User	Total Lot Size	0.24 AC
No. Lots	1	No. Stories	2
Property Type	Land	Opportunity Zone	Yes State officials designate a portion of qualified Census Tracts to be Opportunity Zones. Certain investments in Opportunity Zones may be eligible for preferential tax treatment.
Property Subtype	Residential
Zoning	R6, Bronx (G9) - Bronx Density Residential

Price	$2,200,000
Sale Type	Investment or Owner User
No. Lots	1
Property Type	Land
Property Subtype	Residential
Proposed Use	Multifamily Apartment Units Apartment Units - Senior Storefront, Retail or Residential
Total Lot Size	0.24 AC
No. Stories	2
Opportunity Zone	Yes State officials designate a portion of qualified Census Tracts to be Opportunity Zones. Certain investments in Opportunity Zones may be eligible for preferential tax treatment.
Zoning	R6, Bronx (G9) - Bronx Density Residential

1 LOT AVAILABLE

Lot

Price	$2,200,000	Lot Size	0.24 AC
Price Per AC	$9,223,467.86

Price	$2,200,000
Price Per AC	$9,223,467.86
Lot Size	0.24 AC

Zoned R6 with a total lot area of 10,390 square feet, the site allows for the construction of approximately 22,858 square feet of residential space (as-of-right) and approximately 49,872 square feet of community facility space.

DESCRIPTION

Prime Development site located next to Crotona Park. Zoned R6, the site allows for the construction of approximately 22,858 square feet of residential development.

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Walk Score®

Very Walkable (82)

Transit Score®

Rider's Paradise (99)

Bike Score®

Very Bikeable (74)

What is a Walk Score®, Transit Score® & Bike Score®?

Walk Score® measures the walkability of any address.

Transit Score® measures access to public transit.

Bike Score® measures bikeability of a location.

What is a Walk Score®

, Transit Score® & Bike Score?

Walk Score® measures the walkability

of any address. Transit Score®

measures access to public transit. Bike Score®

measures bikeability of a location.®

Learn How It Works Detailed Scores

(917) 559-4584

CONTACT

David Simone
Concourse Realty Partners

Listing ID: 26828711
Date on Market: 10/11/2022
Last Updated:
Address: 1416 Franklin Ave, Bronx, NY 10456

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