Assignments

50' Wide Site in Kingsbridge Heights

3498 Ft Independence St, Bronx, NY 10463

Asking
$
1550000

Property Details

Property Type
Residential Development Site
Price Summary
$
1550000
Buildable SF
13640
Building SF
13640
LOT SF
13640
Cap RATE
%
Zoning
R6

Highlights

  • 50’ x 124’ Lot Zoned R6. 13,640 BSF As-of-Right. Approx. 20 Units.
  • Wide, Block-through lot.
  • Located in Desirable Kingsbridge / Van Cortlandt Village
  • 3,212 Sq. Ft. (2) Family Delivered Vacant at Closing.
  • .3 Miles from 238th Street 1 Train Subway Station.
  • Strong Residential Market with NB Rents Exceeding $60/SF.

Property DEscription

3498 Fort Independence Street is a prime 50’ x 124’ development site located in the desirable Kingsbridge area of the Bronx. The property is block through with frontage on both Ft. Independence and Cannon Place. Measuring a total of 6,200 Sq. Ft. (Approx.) and zoned R6, the property offers developers a buildable Sq. Ft. of 13,640 and allows for 20 units. Currently built as a 3-story (2) family measuring 3,212 Sq. Ft. with building dimensions of 22.67’x54’. Structure will be delivered vacant at closing. Subject structure is in overall solid construction. Both Units are 3 Bedrooms, 1.5 Bathrooms each. 3498 Ft. Independence St. is located .3 Miles from the 238th Street 1 Train Subway Station. There is a slope in the rear of the property, however it should not factor into construction as the entire building envelope can fit in the first 60 feet.

Map

Alexandre Goulet
Partner
(646) 559-4700
ag@landairnyc.com
Magdalena Denisiuk
Senior Associate
(929) 602-2644
md@landairnyc.com
Anand Melwani
Partner
(516) 658-1222
am@landairnyc.com

Documents

Offering Memorandum
Data Room

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