by RH Advisors

See Home Value
$10,000,000
Land - Off Market

1717 W Farms Road

Bronx, NY 10460
bedrooms
Studio
bathrooms
0 Bath
$10,175,736
RealtyHop Estimate
1.76%
Since Jul 1, 2023
NY-New York
Primary Model

About This Property

Sold as a package deal with 1680 Boone Avenue. Alternate addresses -- 1715 W Farms Rd 10460    The Boone Avenue and W Farms Road assemblage is a fantastic opportunity for development in the vibrant Crotona Park East neighborhood of the Bronx. These two adjacent lots combine to offer a substantial lot area of approximately 19,634 square feet. The zoning designation for this site is R7X/R7A, which means that the potential owner has the exciting prospect of creating an affordable rental building with a community facility component.    What makes this location particularly enticing is the recent surge of new residential apartment properties and educational facilities in the neighborhood. This development site is perfectly positioned to benefit from this positive trend. Considering the community's needs and preferences, options like self-storage facilities or recreational amenities for the residents would be great choices.    One of the advantages of this property is its inclusion in a zoning district that features inclusionary housing, fresh zone, and opportunity zone designations. These designations offer additional benefits and incentives to investors who choose to develop in this area. It's a win-win situation for both the community and potential investors.    Another highlight of this property is its excellent proximity to various community amenities. Starlight Park, Bronx River Greenway, Rock Garden Park, and Crotona Park are all nearby, providing ample opportunities for outdoor activities and relaxation. Soccer fields and basketball courts further add to the recreational options. Families will also appreciate the convenience of having elementary and middle schools located within a half-mile radius of the property, ensuring easy access to quality education for their children.    Transportation options are a breeze as well. The Number 2 and 5 train stations are just a short walk away, allowing residents to reach Times Square in about 45 minutes. For those who prefer to drive, major roadways like Sheridan Blvd. and the Cross Bronx Expressway are conveniently close by, making commuting and exploring the city a breeze.    Overall, the Boone Avenue and W Farms Road assemblage presents a promising opportunity for development in a thriving neighborhood with a strong sense of community. With its favorable zoning, proximity to amenities, and excellent transportation links, this property has all the ingredients for a successful venture.
Unit Size
-
Days on Market
-
Land Size
0.25 acres
Price per sqft
-
Property Type
Land
Property Taxes
$5,510
HOA Dues
-
Year Built
1953

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Last updated: 2 years ago (OneKey MLS #H6219996)

Price History

Date / Event Date Event Price
Nov 25, 2023 No longer available -
No longer available
May 24, 2023 Relisted $10,000,000
Relisted
May 8, 2023 No longer available -
No longer available
Nov 8, 2022 Listed by Douglas Elliman Real Estate $10,000,000
Listed by Douglas Elliman Real Estate

Property Highlights

Building Info

Overview

    General

  • Year Built: 1953
  • Building Count: 1
  • Floor Count: 1
  • Total Unit Count: 1
  • Basement Type: 0

    Dimensions

  • Lot Area Sqft: 10,658
  • Lot Size Depth Feet: 209
  • Lot Size Frontage Feet: 52
  • Building Depth: 208
  • Building Frontage: 52
  • Gross Building Area: 16,912

    Building Floor Area

  • Commercial Building Floor Area: 16,912
  • Storage Building Floor Area: 16,912

    Floor Area Ratio

  • Built Floor Area Ratio: 2
  • Residential Floor Area Ratio: 5
  • Facilities Floor Area Ratio: 5

Building

  • Building Type: E9
  • Lot Type: 1
  • Land Use: 06
  • Irregular Lot Code: Y
  • Extension Code: N

Neighborhood

  • Community District: 203
  • City Council District: 17
  • Police Precinct: 42
  • Fire Company: E082
  • Health Area: 2110
  • Sanitation District Borough: 2
  • Sanitation Subsection: 1A
  • School District: 12

Zoning

  • Split Boundary Zone Indicator: Y
  • Zoning: R7X
  • Zoning District 2: R7A

Geography

  • Borough Name: BX
  • Borough Code: 2
  • Block: 3015
  • Lot: 5
  • Borough Block Lot: 2030150005

    Address

  • Full Address: 1717 West Farms Road
  • Zip Code: 10460

Valuation

    Assessments Valuation

  • Assessed Total Value: $583,650
  • Assessed Land Value: $105,300

    Exemptions

  • Exempt Total Value: $0
  • Exempt Land Value: $0



Comparables

Unit
Status
Type
Beds
Baths
ft²
Price/ft²
Asking Price
Listed On
Closing Price
Sold On
HOA + Taxes

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Frequently Asked Questions

When was property at 1717 West Farms Road built and last sold?
The property at 1717 West Farms Road was built in 1953 and last sold on Jan 1, 1970 for $0.
How much is this home worth?
The estimated value of the home located at 1717 West Farms Road is $10,100,000.
What are some comparable homes to 1717 West Farms Road?
There are currently no comparable homes to 1717 West Farms Road.

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