PRIME LOWER CONCOURSE DEVELOPMENT SITE
FOR SALE: 294,836 BUILDABLE SQUARE FEET
198 East 135th Street The Bronx, NY 10454
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view facing northeast
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LOT SIZE (IRREGULAR):
2319 / 60 234.49’ x 207.48’ (1)
LOT SF:
48,976 SF (1)
ZONING:
R8 / M1-3 / MX-1
RESIDENTIAL FAR:
6.02
MANUFACTURING FAR:
5.00
COMMUNITY FACILITY FAR:
6.50
RESIDENTIAL BUILDABLE SF:
294,836 SF (1)
MANUFACTURING BUILDABLE SF:
244,880 SF (1)
COMMUNITY FACILITY SF:
318,344 SF (1)
ASSESSMENT (14/15):
$229,075
TAXES (14/15):
$23,674
BLOCK / LOT:
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5T
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(1)
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All Square Footages are Approximate
ASKING PRICE:
$15,500,000 PROPERTY DESCRIPTION: ER
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13
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BLOCK 2319
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LOT 60
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3
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The residential FAR of 6.02 allows for a development of up to approximately 294,836 square feet as per the zoning code. The manufacturing FAR of 5.0 allows for a development of up to approximately 244,880 square feet. The community facility FAR of 6.5 allows for a development of up to approximately 318,344 square feet. This site offers developers the opportunity to build in a rapidly changing area of New York City. All development potential and buildable square footage should be independently verified.
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The subject property is an R8 / M1-3 (MX1) zoned, approximately 48,976 square foot development site located on the south side of East 135th Street in the Mott Haven section of the Bronx. The property lies within the rezoned Lower Concourse section of the South Bronx. Mayor de Blasio recently announced a $200 million investment in the Lower Concourse that would go toward creating 4,000 affordable housing units, constructing new public open space, roads and other infrastructure upgrades. This public investment combined with several large private investments will undoubtedly lead to a resurgence in this section of the South Bronx.
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For further information or inspection, please contact Exclusive Agent:
David Simone
First Vice President of Sales
[email protected] 212.696.2500 x7725 917.559.4584
The information contained herein has either been given to us by the owner of the property or obtained from sources that we deem reliable. We have no reason to doubt its accuracy but we do not guarantee it. All zoning, buildable footages and uses must be independently verified. The value of this investment is dependent upon these estimates and assumptions made above, as well as the investment income, the tax bracket, and other factors which your tax advisor and/or legal counsel should evaluate. THE PROSPECTIVE BUYER SHOULD CAREFULLY VERIFY EACH ITEM OF INCOME, AND ALL OTHER INFORMATION HEREIN.
275 Madison Avenue • Third Floor • New York, NY 10016 • 212.696.2500 • Fax 212.696.0333 www.masseyknakal.com THE BRONX BROOKLYN MANHATTAN NASSAU NEW JERSEY QUEENS STATEN ISLAND WESTCHESTER