764 East 221st Street, Bronx, NY 10467

New

Williamsbridge Vacant Land

Located in Williamsbridge, Block 4668 Lot 87, Bronx, NY 10467, presents a prime development opportunity for developers looking to capitalize on a growing residential market. This midblock lot, spans a total of 2,856 square feet with dimensions of 25x114.25. Zoned R5, the property boasts a Floor Area Ratio of 1.5 under the recently passed zoning resolution. This zoning offers a maximum buildable square footage of 4,284 Sq. Ft with an increase of 2,097 Sq. Ft (air rights)* increasing the total BSF to 6,407. Currently, the property is a vacant lot. Strategically located, the property is within a short distance from multiple subway stations, ensuring ease of transportation to various other parts of New York City. Additionally, this property qualifies for the 485X tax abatement, providing substantial tax benefits and enhancing the overall financial viability of your project. The Eastern Bronx real estate market is undergoing significant growth and revitalization, driven by ongoing developments and an increasing demand for housing. The area's transformation presents a favorable environment for investment. Overall, Block 4668 Lot 87 offers an exceptional development opportunity in a rapidly growing area of the Bronx. The combination of favorable zoning, strategic location, valuable tax incentives, and the potential for significant growth makes this property a prime option for developers looking to make a substantial contribution in the Williamsbridge Community.