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Type:
Development
BSF:
Property Description
Investment Property Realty Group (IPRG) ) has been exclusively retained to sell or ground lease 50 East 174th Street, Bronx, NY 10452, along with the transferable air rights from 1606 Townsend Avenue. The deal consists of a prime vacant 50’ x 100’ corner development lot in the Mount Eden section of the Bronx.
The property is in an R8 zoning district with a 7.2 FAR, allowing for approximately 36,000 buildable square feet (BSF) as-of-right. Under the City of Yes zoning amendments, the allowable FAR increases to 8.64, providing approximately 43,200 BSF.
The transferable air rights from 1606 Townsend Avenue add approximately 13,890 BSF as-of-right and 17,432 BSF under City of Yes, bringing the total development potential to approximately 49,890 BSF as-of-right and 60,632 BSF under City of Yes.
The development opportunity is within walking distance from Mt Eden Ave (4) & 174-175 Streets (B,D) subway station.
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Block & Lot:
02847-0049
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Neighborhood:
Mount Eden
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Cross Streets:
Corner of East 174th Street & Townsend Ave
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Lot Dimensions:
50 ft x 100 ft
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Total Approx. BSF:
49,890
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Zoning:
R8
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FAR:
7.2
