Located in the Northwest Bronx, 2850 Decatur Ave, Bronx, NY, presents a prime
development opportunity for investors and developers looking to capitalize on the
area’s expanding residential market. This midblock lot spans a total of 2,898 square feet
with dimensions of 25.5x113.58. Zoned R7B, the property offers a Floor Area Ratio (FAR)
of 3.0, allowing for a maximum buildable square footage of 8,688 Sq. Ft. Currently, the
lot includes a 3,860 square foot building, which will be delivered vacant, providing
immediate redevelopment potential.
Strategically positioned, the property is within close proximity to multiple subway
stations, ensuring seamless access to various parts of New York City. Additionally, this
property qualifies for the 485X tax abatement, providing substantial tax benefits and
enhancing the overall financial feasibility of your development project.
The Northwest Bronx real estate market is experiencing significant growth and
revitalization, fueled by ongoing developments and an increasing demand for housing.
The area’s transformation creates a favorable investment climate, making this an
attractive opportunity for builders and investors.
Overall, 2850 Decatur Ave offers a unique development opportunity in a rapidly growing
section of the Bronx. With favorable zoning, a strategic location, valuable tax
incentives, and strong growth potential, this property stands out as a prime option for
developers looking to make a lasting impact in the Northwest Bronx community.