LARGE CORNER LOT DEVELOPMENT OPPORTUNITY

For Sale - Off-Market - Bronx - Claremont

$14,000,000

Net Operating Income: Contact Agent

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Key Details

Property Type
Industrial
Neighborhood
Claremont
Property Dimensions
88.0 x 115.0
Property Area
22,371 sq.ft.
Total Units:
1
Stories:
2
NOI
Contact Agent
Price
$14,000,000
Price Per Unit
$14,000,000
Cap Rate
-%

Listing Description

The Investment Sales Team at Corcoran is pleased to present a development opportunity in the Crotona Park / West Farms neighborhood of the South Bronx.

This three-lot assemblage is currently used as a warehouse and boasts a lot size of approximately 30,540 SF and is situated within an R7A/R7X, C2-4 mixed use zoning allowing for a maximum as-of-right buildable floor of approximately 132,818 SF. A developer can also take advantage of the Inclusionary Housing Bonus available which allows for an FAR of 4.60 in the R7A zoning district and an FAR of 5.0 in the R7X zoning district.

Property Details

Block/Lot:
Contact Agent
Lot Dimensions
88.0 x 115.0
Lot Area
10,906 sq.ft
Zoning:
R7A
FAR as Built:
2.05
Max FAR:
4.0
R.J. LennonCorcoran
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