± 22,000 BSF FORDHAM HEIGHTS DEVELOPMENT SITE

For Sale - 4581 - 4583 PARK AVENUE- Bronx - Fordham Heights

$1,350,000

Net Operating Income: Contact Agent

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Key Details

Property Type
Land
Neighborhood
Fordham Heights
Property Dimensions
56.0 x 89.0
Property Area
4,984 sq.ft.
Total Units:
1
Stories:
1
NOI
Contact Agent
Price
$1,350,000
Price Per Unit
$1,350,000
Cap Rate
-%

Listing Description

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.

Property Details

Block/Lot:
3031/66
Lot Dimensions
61.0 x 90.0
Lot Area
5,490 sq.ft
Zoning:
R7-1
FAR as Built:
4.00
Max FAR:
4.8
Lev KimyagarovDevelopment Site Advisors
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