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556 River Ave 0.23 Acres of Commercial Land Offered at $7,500,000 in Bronx, NY 10451

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Executive Summary

Existing 10,000 Sq Ft Building

556 River Ave Sale

Property Facts

Price	$7,500,000	Property Subtype	Commercial
Sale Type	Investment or Owner User	Proposed Use	Retail Mixed Use Multifamily Hospitality Apartment Units Apartment Units - Condo Apartment Units - Subsidized Community Center Department Store Drugstore Healthcare Health Club Hospital Medical Restaurant Retail Warehouse Schools Storefront Storefront, Retail or Office Strip Center
No. Lots	1	Total Lot Size	0.24 AC
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.
Zoning	M1-2 - Ideal For Rezoning Surrounding Areas Zoned R7-2 /R7A / R9D Surrounding Sites Built 4 to 8 time Floor Area

Price	$7,500,000
Sale Type	Investment or Owner User
No. Lots	1
Property Type	Land
Property Subtype	Commercial
Proposed Use	Retail Mixed Use Multifamily Hospitality Apartment Units Apartment Units - Condo Apartment Units - Subsidized Community Center Department Store Drugstore Healthcare Health Club Hospital Medical Restaurant Retail Warehouse Schools Storefront Storefront, Retail or Office Strip Center
Total Lot Size	0.24 AC
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	M1-2 - Ideal For Rezoning Surrounding Areas Zoned R7-2 /R7A / R9D Surrounding Sites Built 4 to 8 time Floor Area

1 Lot Available

Lot 02352-0006

Price	$7,500,000	Lot Size	0.23 AC
Price Per AC	$32,670,058.54

Price	$7,500,000
Price Per AC	$32,670,058.54
Lot Size	0.23 AC

Description

10,000 Sq Ft Site 100' Frontage 24' Ceilings Zoned M1-2 Buildable to 20,000 Sq Ft For Commercial Uses Buildable to 48,000 Sq Ft For Community Facility Uses Over 3000 New Apartments Around This Site Across From Bronx Terminal Market Ideal For Rezoning Surrounding Areas Zoned R7-2 /R7A / R9D Surrounding Sites Built 4 to 8 times Floor Area

Property Taxes

Parcel Number	02352-0006	Improvements Assessment	$383,660
Land Assessment	$47,250	Total Assessment	$430,910

Property Taxes

Parcel Number

02352-0006

Land Assessment

$47,250

Improvements Assessment

$383,660

Total Assessment

$430,910

(516) 805-1675

Contact

Michael Gilbert
Gilco Realty LLC

Listing ID: 40602336
Date on Market: 5/20/2026
Last Updated:
Address: 556 River Ave, Bronx, NY 10451

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