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(917) 719-1715
WealthWise Realty
296 E 163rd Street, Bronx, NY 10451
- $900,000
- Sold Price
- $900,000
- List Price
- $988,888
- Status
- CLOSED
- MLS#
- H6281375
- Closing Date
- Mar 28, 2024
- Year Built
- 1901
- Acres
- 0.07
Property Description
For Sale: Prime Development Opportunity in the Bronx, NY Three adjacent properties at 394, 396, and 398 East 163rd St are available for purchase, ideal for developers. Totaling 85' by 115', these properties are zoned R7-1 on a Narrow Street, offering a unique opportunity. Key Details: Zoning: R7-1 on a Narrow Street (<75 feet wide), Combined size: 85' by 115', Allowable FAR: 3.44, resulting in a buildable area of 33,626 s.f. Maximum density coefficient: 680 s.f., allowing for a maximum of 49 apartments, Parking requirement: 30%, equivalent to 15 spaces (waivable), Potential for a 49-unit building with no parking, Maximum Height: 75 feet This is a promising venture for developers to create a significant residential or mixed-use project. Explore the possibilities of maximizing the buildable area and unit count, with the potential to introduce a Community Facility for added flexibility. Conatct us for more details
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Additional Information
- Taxes
- $1,964
- Lot Size
- 2,875
- Sewer
- Other
- Water Source
- Other
- Elementary School
- Contact Agent
- Middle School
- Contact Agent
- High School
- Contact Agent
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Listing courtesy of Listing Agent: Bopaul P. Sookdeo (bopaul251@gmail.com) from Listing Office: YourHomeSold Guaranteed Realty.
Listing courtesy of Bopaul P. Sookdeo from YourHomeSold Guaranteed Realty
Listings courtesy of OneKey® MLS as distributed by MLS GRID. Based on information submitted to the MLS GRID as of . All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.