PROPERTY OVERVIEW: A 27,788 BSF residential development opportunity on a 7,125 SF site, comprised of two contiguous lots, located in a rapidly evolving residential corridor in the Bronx. The site is zoned R6-1, located within a Mandatory Inclusionary Housing (MIH) area, and is suitable for mid-density residential development, including multi-family buildings or townhouses, subject to DOB verification and required approvals. The property includes existing structures with flexible occupancy, providing potential cash flow during planning and approvals. ZONING & DEVELOPMENT POTENTIAL: - Zoning: R6-1 - Approximately 27,788 BSF (3.90 FAR). - Total Lot Area: 7,125 SF (two lots) - Supports mid-density residential development in keeping with neighborhood context - Residential development may achieve up to approximately 3.90 FAR (27,788 BSF) with MIH compliance, and community facility uses may allow up to 4.80 FAR (34,200 BSF) , subject to DOB and zoning verification TRANSIT-ORIENTED LOCATION & NEARBY AMENITIES: - Located within the new Metro-North Rezone Area, just steps from the future Metro-North station - Rare opportunity to secure a site in one of the most attractive upcoming transit hubs - Proximity to Albert Einstein College of Medicine, Montefiore Medical Center, and nearby hospitals, enhancing residential demand - Close to local amenities, schools, parks, and major Bronx thoroughfares - Neighborhood growth and active residential development provide momentum for future projects INVESTMENT OVERVIEW: This offering represents a rare opportunity to acquire a 27,788 BSF development site in the Bronx. Ideal for developers, investors, or end-users seeking to capitalize on rezoning, neighborhood growth, and flexible acquisition terms. FLEXIBLE TERMS: - Property is priced at $3,299,000 - Closing can be contingent on development approvals - Seller financing may be available