568 W 261st St - 568 W 261st Street 6,500 Acres of Residential Land Offered at $500,000 in Bronx, NY 10471

Land for development in HIGH-NET-WORTH North Riverdale community.  Whether your looking to build your dream home in an elite community minutes to/from Manhattan or a builder specializing in high-net worth housing, this is the opportunity you have been waiting for! Owner will subdivide the present 65 x 206 lot offering a 65 x 100 subdivision. BLOCK 5953 / LOT 367. R1-2 Zoning allowing for a detached single-family home (Minimum requirements include; lot area 5,700 sf, Lot width 60ft., rear yard 30 ft., side yards 20 ft total, Open space ratio 150, MAX FAR .5, Sky exposure plane - starts at 25ft., DU factor 2,850, Requited parking 1 per DU.)  Owner will file subdivision paperwork with signed contacts.  With a 6,500 sq. ft. footprint and a .5 Max FAR, the base calculation for a single-family home should be approximately 3,250 sq. ft. in a community where the last home sold for $2,037,300 (550 W 261st -). Potential for an additional 700 - 800 sq ft due to recent ADU legislation passed.  Information is deemed accurate but must be verified by a professional architect. The subdivision includes the back lot portion, not the front lot where the home is situated.  X rated non-flood zone. Special natural Area District (SNAD) overlay applicable. Annual taxes entered as zero since the lot is not yet subdivided.