2260 Morris Ave

JLL has been retained on an exclusive basis to arrange for the sale of 2260 Morris Avenue, an attractive mid-block property in the Fordham neighborhood of the North Bronx that is suitable for either residential development or continued retail use.
The property is a regularly shaped, 6,000 square foot lot located on the east side of Morris Avenue between East 182nd and 183rd Street. The property is built full with a single-story commercial building, and a cellar that is currently used as a laundromat. It can either be delivered vacant or with short-term possession.
The site is zoned R8 allowing development of a 36,710 buildable square foot project on the base FAR of 6.02. Additional FAR may be available under the City of Yes (UAP) FAR of 7.2. The site is just a two-minute walk from the 183rd Street MTA 4 train & a four-minute walk to the MTA B & D lines located on the Grand Concourse.
New York State recently passed the 485x tax abatement program which preserves a 35 to 40-year abatement with a 20-25% affordability requirement and NYC is poised to pass City of Yes/UPA which will reduce parking requirements and possibly increase massing. 2260 Morris Avenues’ convenient location, access to transportation and proximity to Manhattan, make it an attractive mid-sized development site. Please call for more information about this exciting opportunity.