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1601 Van Buren - 1601 Van Buren St
0.08 Acres of Residential Land Offered at £473,334 in Bronx, NY 10460
Investment Highlights
- Close to transportation
- Ready to Build
Executive Summary
This property currently has approved plans for a 4-family building, but thanks to the new City of Yes zoning reforms, it can be converted to a 9-family (or potentially even a 10-family) by filing an amendment. Key zoning allowances include:
??10 units possible (subject to layout confirmation).
??No parking required.
??No side yard setback.
??20-ft rear yard.
??10-ft front yard.
??Max base height: 45-ft.
??Max building height: 55-ft.
Property Facts
| Price | £473,334 | Property Type | Land |
| Sale Type | Investment | Property Subtype | Residential |
| No. Lots | 1 | Total Lot Size | 0.08 AC |
| Price | £473,334 |
| Sale Type | Investment |
| No. Lots | 1 |
| Property Type | Land |
| Property Subtype | Residential |
| Total Lot Size | 0.08 AC |
1 Lot Available
Lot
| Price | £473,334 | Lot Size | 0.08 AC |
| Price Per AC | £5,952,245 |
| Price | £473,334 |
| Price Per AC | £5,952,245 |
| Lot Size | 0.08 AC |
Exciting Development Opportunity! This property currently has approved plans for a 4-family building, but thanks to the new City of Yes zoning reforms, it can be converted to a 9-family (or potentially even a 10-family) by filing an amendment.
Description
Calling all Investors/Builders. This Vacant land is being sold with approved Plans for a 4 family home with three 2 bedroom apartments and one studio apartment. Located in the Prime location of Van Nest / Morris Park section of the Bronx. 19.33'' X 100'' (3,464 SqFt) irregular lot. R5 zoning Far 1.2. Can build up to 4330 sqt. Short walk to the 2/5 train, All shops & Restaurants, close to the Bronx River Pkwy..
PROPERTY TAXES
| Parcel Number | 04018-0020 | Improvements Assessment | £0 |
| Land Assessment | £58,351 | Total Assessment | £58,351 |
PROPERTY TAXES
zoning
| Zoning Code | R5 (Exciting Development Opportunity! This property currently has approved plans for a 4-family building, but thanks to the new City of Yes zoning reforms) |
| R5 (Exciting Development Opportunity! This property currently has approved plans for a 4-family building, but thanks to the new City of Yes zoning reforms) |
Presented by
Comres Realty Group
1601 Van Buren - 1601 Van Buren St
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