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3976 Tenth Ave - Hold For Development Site 0.36 Acres of Industrial Land in New York, NY 10034

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INVESTMENT HIGHLIGHTS

111,478 Buildable ZFA (MIH).
Opportunity Zone.
Outer Transit Zone.

Corner Lot with 255 feet of total frontage.
Proximity to 1 & A trains.
196 Licensed Parking Spaces.

EXECUTIVE SUMMARY

CBRE has been retained on an exclusive basis to arrange the sale or ground lease of 3976 Tenth Avenue, (“the Property”), a unique mixed-use development opportunity in Inwood, New York. The Property is located within an Opportunity Zone on the northwest corner of West 212th Street and Tenth Avenue, with significant wraparound frontage extending over 250 feet.

PROPERTY FACTS

Sale Type	Investment or Owner User	Proposed Use	Hold For Development Parking Lot
Sale Condition	Redevelopment Project	Total Lot Size	0.36 AC
No. Lots	1	No. Stories	1
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	Industrial
Zoning	C4-4D - Special Inwood District - Subarea D3 Mandatory Inclusionary Housing Designated Area

Sale Type	Investment or Owner User
Sale Condition	Redevelopment Project
No. Lots	1
Property Type	Land
Property Subtype	Industrial
Proposed Use	Hold For Development Parking Lot
Total Lot Size	0.36 AC
No. Stories	1
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	C4-4D - Special Inwood District - Subarea D3 Mandatory Inclusionary Housing Designated Area

1 LOT AVAILABLE

Lot

Lot Size	0.36 AC

Lot Size	0.36 AC

DESCRIPTION

The 15,483 square foot corner lot is zoned C4-4D (R8A equivalent) with Mandatory Inclusionary Housing (MIH). With a Floor Area Ratio of 7.2, the site offers 111,478 Zoning Floor Area for development. Because of the newly enacted City of Yes rezoning and the property’s location in the Outer Transit Zone, developers benefit from reduced parking mandates and increased permitted building bulk for new developments. According to zoning studies, developers can build ~132,000 GSF if they elect to build a residential building with ground floor retail or ~119,000 GSF of community facility/commercial space (refer to pages 8-9 for detailed study). Upon improvement, the Property is conveniently positioned to offer unobstructed views of the Hudson River and the historic Inwood Hill Park.

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