1905 Vyse Avenue
Bronx,
NY
10460
Property Details
List Price: |
$1,250,000 |
Beds: |
-- |
Baths: |
-- |
Status: |
Active |
SqFt: |
-- |
Agency: |
Landair Property Advisors, LLC |
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Description/Comments
Lot Size: |
-- |
Property Type: |
Residential |
Year Built: |
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Notes: |
For sale are two adjacent development sites located at 1903 & 1905 Vyse Avenue in the Bronx, NY. These sites collectively offer 7,238 square feet of development potential with a combined frontage of 50 feet and a depth of 144 feet. The properties are zoned R7-1, featuring a floor area ratio (FAR) of 3.44 which allows for the construction of up to 25,000 square feet of zoning floor area (ZFA). Strategically positioned just steps from the West Farms & Boston Road subway stop, the location ensures easy access to Manhattan within 35 minutes, enhancing commuter connectivity. The property is primed for a residential project under the newly enacted tax abatement program, 485-x Affordable Neighborhoods for New Yorkers (ANNY), presenting an appealing opportunity for rental developers. The allowable construction can go up to an 8-story building with approximately 36 units, making it an optimal choice for maximizing residential capacity and meeting urban housing demands. This offering represents a unique investment in a rapidly developing area, poised for significant growth and profitability. |
MlsNumber: |
11279974 |
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Listing Provided By: |
Landair Property Advisors, LLC, original listing |
Name: |
Landair Property Advisors, LLC |
Phone: |
(646) 559-4700 |
Office Name: |
Landair Property Advisors, LLC |
Office Phone: |
(646) 559-4700 |
Agent Name: |
Alexandre Goulet |
Disclaimer: |
Copyright © 2024 My State MLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified. |