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Key Details
Sold Price $900,000
Property Type Vacant Land
Sub Type Unimproved Land
Listing Status Sold
Purchase Type For Sale
MLS Listing ID H6281375
Annual Tax Amount $1,964
Lot Size 3,049 Sqft
Property Description
For Sale: Prime Development Opportunity in the Bronx, NY Three adjacent properties at 394, 396, and 398 East 163rd St are available for purchase, ideal for developers. Totaling 85' by 115', these properties are zoned R7-1 on a Narrow Street, offering a unique opportunity. Key Details: Zoning: R7-1 on a Narrow Street (<75 feet wide), Combined size: 85' by 115', Allowable FAR: 3.44, resulting in a buildable area of 33,626 s.f. Maximum density coefficient: 680 s.f., allowing for a maximum of 49 apartments, Parking requirement: 30%, equivalent to 15 spaces (waivable), Potential for a 49-unit building with no parking, Maximum Height: 75 feet This is a promising venture for developers to create a significant residential or mixed-use project. Explore the possibilities of maximizing the buildable area and unit count, with the potential to introduce a Community Facility for added flexibility. Conatct us for more details
Location
State NY
County Bronx
Zoning Other
Building
Sewer Other
Water See Remarks
Schools
Elementary Schools Call Listing Agent
Middle Schools Call Listing Agent
High Schools Call Listing Agent
School District City Of New York
Others
Special Listing Condition None
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