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Map


$10,000,000
1717 West Farms Road, Bronx, NY 10460
Active
Loft
-
Bath
-0.45%
Cap Rate
Est. Monthly
$54,612
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.
Listing by

Robin Lennon
Douglas Elliman Real Estate
Last updated: 4 months ago (OneKey MLS #H6219996)
Property Facts
Unit Size
-
Days on Market
319 days
Land Size
0.25 acres
Price per sqft
-
Property Type
House
Property Taxes
$5,510
Year Built
1953
HOA Dues
-
Property Details
Exterior
- Lot Size Area: 0.25
- Lot Size Units: Acres
- Lot Size Acres: 0.25
Lot Information
- Water Source: Public
Land Information
Financial
- Tax Map Number: 03015-0005
- Tax Assessed Value: $1,401,000
- Tax Annual Amount: $66,121
Tax Information
Utilities
- Sewer : Public Sewer
Utilities Information
Building Info
Building
Neighborhood
Zoning
Geography
Price History
Date/Event | Event | Price |
---|---|---|
May 24, 2023 Relisted | Relisted | $10,000,000 |
May 8, 2023 No longer available | No longer available | - |
Nov 8, 2022 Listed by Douglas Elliman Real Estate | Listed by Douglas Elliman Real Estate | $10,000,000 |
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Unit
Status
Status
Type
Beds
Baths
ft²
Price/ft²
Price/ft²
Asking Price
Listed On
Listed On
Closing Price
Sold On
Sold On
HOA + Taxes
About West Bronx
The home was built in 1953 and is 70 years old.
The linear feet between the front and back of the lot was measured at 208 ft and the front of the lot was measured at 52 ft.
This is a single story home so it's perfect for folks who don't want to have to climb stairs on a daily basis.
Curious to learn more about the home? Our team of data engineers have sourced the most up-to-date information from the local assessors office to share with you. Here at RealtyHop, we've focused a lot of our efforts into gathering up-to-date and accurate data for our users. As a result of that assessment, the total value of the property was placed at $583,650. To break that down further, the land itself was valued at $105,300. Based on our records, the total assessed value for this property has been marked as more than the total market value as of this moment. Which is pretty atypical. If you're currently on the market shopping for a loan, then you've most likely encountered the two terms "interest rate" and "annual percentage rate (aka APR)". But do you know the difference between the two? Typically, APRS are higher than interest rates because they include most additional fees and one-time costs. As a result, it's important to look at both and if you notice that your APR is significantly higher, that might mean that too many additional fees are being charged.
Curious to learn more about the home? Our team of data engineers have sourced the most up-to-date information from the local assessors office to share with you. Here at RealtyHop, we've focused a lot of our efforts into gathering up-to-date and accurate data for our users. As a result of that assessment, the total value of the property was placed at $583,650. To break that down further, the land itself was valued at $105,300. Based on our records, the total assessed value for this property has been marked as more than the total market value as of this moment. Which is pretty atypical. If you're currently on the market shopping for a loan, then you've most likely encountered the two terms "interest rate" and "annual percentage rate (aka APR)". But do you know the difference between the two? Typically, APRS are higher than interest rates because they include most additional fees and one-time costs. As a result, it's important to look at both and if you notice that your APR is significantly higher, that might mean that too many additional fees are being charged.
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1717 West Farms Road, Bronx, NY 10460