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27,788 BSF R6-1 Zoned Development Site 3 Properties Offered at $3,299,000 in Bronx, NY
Investment Highlights
- Prime Development Opportunity: Approximately 27,788 BSF of residential buildable area (34,200 BSF community facility) on a 7,125 SF site
- Transit-Oriented Location: Steps from the future Metro-North station in the new Metro-North Rezone Area, providing access to one of the Bronx’s most a
- Neighborhood Growth Momentum: Located in a corridor experiencing active residential development and infrastructure investment
- R6-1 Zoning with MIH Compliance: Supports mid-density residential development, including multi-family buildings or townhouses
- Proximity to Major Hospitals and Institutions: Near Albert Einstein College of Medicine, Montefiore Medical Center, and surrounding healthcare facilit
- Flexible Acquisition Terms: Property is priced at $3,299,000, with options for closing contingent on approvals and seller financing
Executive Summary
PROPERTY OVERVIEW:
A 27,788 BSF residential development opportunity on a 7,125 SF site, comprised of two contiguous lots, located in a rapidly evolving residential corridor in the Bronx. The site is zoned R6-1, located within a Mandatory Inclusionary Housing (MIH) area, and is suitable for mid-density residential development, including multi-family buildings or townhouses, subject to DOB verification and required approvals.
The property includes existing structures with flexible occupancy, providing potential cash flow during planning and approvals.
ZONING & DEVELOPMENT POTENTIAL:
- Zoning: R6-1
- Approximately 27,788 BSF (3.90 FAR).
- Total Lot Area: 7,125 SF (two lots)
- Supports mid-density residential development in keeping with neighborhood context
- Residential development may achieve up to approximately 3.90 FAR (27,788 BSF) with MIH compliance, and community facility uses may allow up to 4.80 FAR (34,200 BSF) , subject to DOB and zoning verification
TRANSIT-ORIENTED LOCATION & NEARBY AMENITIES:
- Located within the new Metro-North Rezone Area, just steps from the future Metro-North station
- Rare opportunity to secure a site in one of the most attractive upcoming transit hubs
- Proximity to Albert Einstein College of Medicine, Montefiore Medical Center, and nearby hospitals, enhancing residential demand
- Close to local amenities, schools, parks, and major Bronx thoroughfares
- Neighborhood growth and active residential development provide momentum for future projects
INVESTMENT OVERVIEW:
This offering represents a rare opportunity to acquire a 27,788 BSF development site in the Bronx. Ideal for developers, investors, or end-users seeking to capitalize on rezoning, neighborhood growth, and flexible acquisition terms.
FLEXIBLE TERMS:
- Property is priced at $3,299,000
- Closing can be contingent on development approvals
- Seller financing may be available
Please do not disturb the tenants.
A 27,788 BSF residential development opportunity on a 7,125 SF site, comprised of two contiguous lots, located in a rapidly evolving residential corridor in the Bronx. The site is zoned R6-1, located within a Mandatory Inclusionary Housing (MIH) area, and is suitable for mid-density residential development, including multi-family buildings or townhouses, subject to DOB verification and required approvals.
The property includes existing structures with flexible occupancy, providing potential cash flow during planning and approvals.
ZONING & DEVELOPMENT POTENTIAL:
- Zoning: R6-1
- Approximately 27,788 BSF (3.90 FAR).
- Total Lot Area: 7,125 SF (two lots)
- Supports mid-density residential development in keeping with neighborhood context
- Residential development may achieve up to approximately 3.90 FAR (27,788 BSF) with MIH compliance, and community facility uses may allow up to 4.80 FAR (34,200 BSF) , subject to DOB and zoning verification
TRANSIT-ORIENTED LOCATION & NEARBY AMENITIES:
- Located within the new Metro-North Rezone Area, just steps from the future Metro-North station
- Rare opportunity to secure a site in one of the most attractive upcoming transit hubs
- Proximity to Albert Einstein College of Medicine, Montefiore Medical Center, and nearby hospitals, enhancing residential demand
- Close to local amenities, schools, parks, and major Bronx thoroughfares
- Neighborhood growth and active residential development provide momentum for future projects
INVESTMENT OVERVIEW:
This offering represents a rare opportunity to acquire a 27,788 BSF development site in the Bronx. Ideal for developers, investors, or end-users seeking to capitalize on rezoning, neighborhood growth, and flexible acquisition terms.
FLEXIBLE TERMS:
- Property is priced at $3,299,000
- Closing can be contingent on development approvals
- Seller financing may be available
Please do not disturb the tenants.
Property Facts
| Price | $3,299,000 | Number of Properties | 3 |
| Price / SF | $701.32 / SF | Individually For Sale | 0 |
| Sale Type | Investment or Owner User | Total Building Size | 4,704 SF |
| Status | Active | Total Land Area | 0.33 AC |
| Price | $3,299,000 |
| Price / SF | $701.32 / SF |
| Sale Type | Investment or Owner User |
| Status | Active |
| Number of Properties | 3 |
| Individually For Sale | 0 |
| Total Building Size | 4,704 SF |
| Total Land Area | 0.33 AC |
Properties
| Property Name / Address | Property Type | Size | Year Built | Individual Price |
|---|---|---|---|---|
| 2423 Poplar st, Bronx, NY 10461 | Industrial | 2,200 SF | 1935 | - |
|
Development Site
2419-2423 Poplar Bronx NY 10461 USA St, Bronx, NY 10461 |
Land | 0.16 AC | - | - |
| 2419 Poplar St, Bronx, NY 10461 | Multifamily | 2,504 SF | 1901 | - |
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27,788 BSF R6-1 Zoned Development Site
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