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- LoopNet Team
1903 Vyse Ave
Bronx, NY 10460
West Farms – 12,449BSF - Assemblage Potential · Land For Sale
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0.08 AC
Investment Highlights
- 25' x 144' development site. ~3,619 Lot Sq. Ft.
- Steps From West Farms Square Subway Station
- 485-x candidate.
- Zoned R7-1. Floor Area Ratio of (3.44) for total BSF of 12,449 Sq. Ft.
- Potential to Package with Neighbor
Property Facts
Description
For sale is a development site located at 1903 Vyse Avenue, Bronx, NY 10460. This parcel measures 25' x 144.75', totaling 3,619 sq. ft. It is zoned R7-1 with a Floor Area Ratio (FAR) of 3.44, allowing the construction of a residential building up to 12,449 sq. ft. The site's positioning is just 0.3 miles from the West Farms Square and E Tremont Avenue subway stop, providing a 35- ,minute subway ride to Manhattan. This property is currently vacant, offering potential for a new development project without existing tenant relocation requirements. The site offers the possibility of being combined with the neighboring lot to create a larger 50' wide development footprint. It is well-located near major retail corridors such as Boston Road and East Tremont Avenue, close to key local attractions including the Bronx Zoo and Fordham University. The recent implementation of the 485-x tax abatement program, AffordableNeighborhoods for New Yorkers ("ANNY"), enhances the site's appeal,particularly for rental developers. Prospective projects could envision a 7-story building comprising approximately 18 residential units. This represents a significant opportunity for developers aiming to capitalize on the growthand development potential in the Bronx area.
Property Taxes
| Parcel Number | 02992-0072 | Improvements Assessment | $7,709 |
| Land Assessment | $3,467 | Total Assessment | $11,176 |
Property Taxes
