407-409 E 158 St
Bronx, NY 10451
Land For Sale · 0.12 AC

407- 409 East 158th Street, in Bronx, New York, is a 50’ x 100’ empty lot located on the north side of 158th Street between Elton Avenue and Melrose Avenue, in the Melrose neighborhood of the South Bronx. It is zoned R8 with C1-4 overlay and can support 34,094 residential sf. The land is being sold with architecture plans for a 12 story building with 44 units. Proposed development is 70% market rate and 30% affordable housing structure using 421a tax abatement. 8 and 9 story building is also possible with greater lot coverage. Architecture plans, zoning analysis, survey, and Phase 2 included in sale. Melrose is an up-and-coming multi-cultural and vibrant neighborhood north of Mott Haven that has had record levels of investment and new development over the last 10 years. Great transportation and access to Manhattan make this area a strong long-term investment. New cultural centers, green spaces, and recreational areas make the area attractive for variety of new housing - luxury, market-rate and affordable.