Development Site Advisors has been retained on an exclusive basis to arrange for the sale of 4581 Park Avenue (“The Property”). The Property is currently improved by a 4,984 square foot warehouse and is located in the Fordham Heights neighborhood of the Bronx. The Property will be delivered vacant. The 5,490 SF lot allows for a ± 22,000 ZFA residential project as-of-right, going up to ± 26,352 ZFA while using the facility bonus. The Property is situated in a designated Opportunity Zone, allowing a developer to defer and possibly eliminate a portion of capital gains tax in acquisition and disposition.