New York, NY 10453

Property

Ownership: For Sale
Type: Unknown
Lot Size: 0.1 Acres

Financials

Price:$4,000,000
Annual Taxes:$6,083.08
505 Park Ave, New York, NY 10022
Listing Courtesy of Kingdom Connection Realty LLC

Kingdom Connection Realty, LLC is pleased to present the opportunity to acquire a two lot development assemblage located at 1876 and 1880 University Avenue in the Bronx, New York.

Description

Kingdom Connection Realty, LLC is pleased to present the opportunity to acquire a two-lot development assemblage located at 1876 and 1880 University Avenue in the Bronx, New York. The properties are located mid-block on a corridor that has already been developed with multiple mid-rise multifamily buildings. The assemblage totals approximately 7,747 square feet and is located in an R7-1 zoning district, allowing for mid-rise multifamily development. Based on preliminary zoning analysis, the site may support approximately 26,000 to 31,000 buildable square feet, making it suitable for a 5–8 story multifamily building. This offering represents one of the remaining underbuilt assemblage opportunities on a block that has already seen significant multifamily development.

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.