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2789 Morris Ave 0.07 Acres of Residential Land Offered at $1,850,000 in Bronx, NY 10468
Investment Highlights
- This 25 ft x 113.58 ft Lot includes 17,097 Buildable SF on a 2,840 SF lot
- R8 zoning with 6.02 FAR allows for high-density development
- Near Lehman College, Walton High School, and PS 86
- Delivered vacant with existing three-family structure
- Walking distance to Kingsbridge Road subway station (4, D)
- Surrounded by national retailers and vibrant community amenities
Executive Summary
Additionally, it is conveniently located within walking distance of Kingsbridge Road subway station (4).
Property Facts
| Price | $1,850,000 | Property Subtype | Residential |
| Sale Type | Investment | Proposed Use | |
| No. Lots | 1 | Total Lot Size | 0.07 AC |
| Property Type | Land | ||
| Zoning | R8 - R8 - High density residential district | ||
| Price | $1,850,000 |
| Sale Type | Investment |
| No. Lots | 1 |
| Property Type | Land |
| Property Subtype | Residential |
| Proposed Use | |
| Total Lot Size | 0.07 AC |
| Zoning | R8 - R8 - High density residential district |
1 Lot Available
Lot 51
| Price | $1,850,000 | Lot Size | 0.07 AC |
| Price Per AC | $28,395,137.52 |
| Price | $1,850,000 |
| Price Per AC | $28,395,137.52 |
| Lot Size | 0.07 AC |
This development site sits on a 25 ft x 113.58 ft lot that is in an R8 zone. There is currently a three-family structure on the lot that will be delivered vacant.
Description
Positioned in the heart of Bedford Park, 2789 Morris Avenue presents a rare opportunity to acquire a prime development site in one of the Bronx’s most dynamic and transit-rich neighborhoods. Spanning 2,840 square feet with R8 zoning and a generous 6.02 FAR, the property offers approximately 17,097 buildable square feet, making it ideal for multifamily or mixed-use development. The site is currently improved with a three-family structure that will be delivered vacant, streamlining the path to redevelopment. Strategically located between East 196th and 198th Streets, the property is within walking distance of the Kingsbridge Road subway station (serving the 4 and D lines), providing direct access to Manhattan and other key boroughs. The surrounding area is anchored by educational institutions such as Lehman College, Walton High School, and multiple public schools, enhancing long-term residential demand. Nearby retail amenities include Target, Planet Fitness, and a variety of national food chains, contributing to a vibrant and walkable community. This site is ideally suited for developers seeking to capitalize on Bedford Park’s upward trajectory, bolstered by strong transit connectivity, institutional anchors, and a growing residential base. With a competitive price point of $1,850,000 and a high-density zoning designation, 2789 Morris Avenue offers both scale and flexibility for a range of development strategies.
Property Taxes
| Parcel Number | 03318-0051 | Improvements Assessment | $21,542 |
| Land Assessment | $5,687 | Total Assessment | $27,229 |
Property Taxes
Contacts
-
Jared Friedman -
Derek Bestreich -
David Roman -
Brandon Levy -
Investment Property Realty Group
Presented by
2789 Morris Ave
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