New York, NY 10471

Property

Ownership: For Sale
Type: Unknown
Pets: No Pets Allowed
Lot Size: 0.15 Acres

Financials

Price:$500,000
505 Park Ave, New York, NY 10022
Listing Courtesy of Keller Williams Realty NYC Grp

Land for development in HIGH NET WORTH North Riverdale community.

Description

Land for development in HIGH-NET-WORTH North Riverdale community. Whether your looking to build your dream home in an elite community minutes to/from Manhattan or a builder specializing in high-net worth housing, this is the opportunity you have been waiting for! Owner will subdivide the present 65 x 206 lot offering a 65 x 100 subdivision. BLOCK 5953 / LOT 367. R1-2 Zoning allowing for a detached single-family home (Minimum requirements include; lot area 5,700 sf, Lot width 60ft., rear yard 30 ft., side yards 20 ft total, Open space ratio 150, MAX FAR .5, Sky exposure plane - starts at 25ft., DU factor 2,850, Requited parking 1 per DU.) Owner will file subdivision paperwork with signed contacts. With a 6,500 sq. ft. footprint and a .5 Max FAR, the base calculation for a single-family home should be approximately 3,250 sq. ft. in a community where the last home sold for $2,037,300 (550 W 261st -). Potential for an additional 700 - 800 sq ft due to recent ADU legislation passed. Information is deemed accurate but must be verified by a professional architect. The subdivision includes the back lot portion, not the front lot where the home is situated. X rated non-flood zone. Special natural Area District (SNAD) overlay applicable. Annual taxes entered as zero since the lot is not yet subdivided.

Long Island MLS

All information furnished regarding property for sale, rental or financing is from sources deemed reliable, but no warranty or representation is made as to the accuracy thereof and same is submitted subject to errors, omissions, change of price, rental or other conditions, prior sale, lease or financing or withdrawal without notice. International currency conversions where shown are estimates based on recent exchange rates and are not official asking prices.

All dimensions are approximate. For exact dimensions, you must hire your own architect or engineer.