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.


Property

Website: https://www.nestseekers.com/5381728
Address:
New York, NY 10453
Ownership: For Sale
Type: Unknown
Lot Size: 0.1 Acres

Financials

Price:$4,000,000
Annual Taxes:$6,083.08

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.

Contact

505 Park Ave, New York, NY 10022
Listing Courtesy of Kingdom Connection Realty LLC