516-933-8880
, Bronx, NY for Sale
Land - FOR SALE
1/10

Bronx Super Lots
Bronx, NY
Highbridge


HIGHLIGHTS

  • Easy access to major transportation including 4, B, D subways along with I-87 and I-95 Expressways
  • Located nearby major developments on Jerome Avenue
  • R7-1 Zoning with 675,943 BSF as of right (984,440 BSF city of Yes)
  • The lots can also be sold separately if preferred
  • Pre-development materials available including surveys, alternative zoning & massing studies, environmental reports, and geotechnical studies.

OVERVIEW

The "Bronx Super Lots" consist of 11 vacant lots spanning a combined 196,495 SF, with up to 984,440 buildable SF with City of Yes, in High Bridge, Bronx. INVESTMENT HIGHLIGHTS 1. City of Yes Housing Opportunity • Potential to build up to 1 million square feet • Benefits from increased floor area, building height and bulk allowances, and reduced parking requirements 2. Location • Located in the Highbridge neighborhood of the South Bronx • Easy highway access to: I-87 (Major Deegan Expressway) — ~3-minutes drive & I-95 (Cross-Bronx Expressway) — ~5-minute drive • Public transit connectivity: 4 , B , D subway lines & Bx11, Bx13, Bx18 bus lines within walking distance • Less than 25 minutes to Midtown Manhattan 3. Neighborhood Developments • Recent surge in residential development, driven by city policy, strong demand for affordable housing, and institutional investment • Nearby substantial affordable housing projects along the Jerome Avenue corridor, one of NYC’s most active affordable and mixed-income development zones 4. Tax Benefits • Opportunity to leverage 485-x Property Tax Abatement and Low-Income Housing Tax Credits (LIHTC) when incorporating affordable housing components • Located in a Qualified Opportunity Zone • The Site’s situation within an Environmental Zone (En-Zone) makes it a great candidate for consideration for New York’s Brownfield Cleanup Program (the BCP), as properties located within En-Zones provide a gateway for the property to qualify for the lucrative tangible property tax credits through the BCP, and can provide for increased credit consideration • The BCP can provide tax credits and liability protections for qualifying sites of up to $35 million dollars for the tangible property tax credit 5. Comprehensive Due Diligence • Pre-development materials available including: Surveys, Zoning & Massing Studies with City of Yes scenarios, Environmental Reports, & Geotechnical Studies

ASK ABOUT THIS PROPERTY

Mitchel FlahertyRIPCO Real EstateMore Info
516-933-8880

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Mitchel FlahertyRIPCO Real EstateMore Info
516-933-8880

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.