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Map
$10,000,000
●
Land -
Off Market
1717 W Farms Road
Bronx, NY 10460
Studio
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
Last updated: 11 months 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
Exterior Details
Lot Information
Lot Size Area: 0.25
Lot Size Units: Acres
Lot Size Acres: 0.25
Land Information
Water Source: Public
Financial Details
Tax Map Number: 03015-0005
Tax Assessed Value: $1,401,000
Tax Annual Amount: $66,121
Utilities Details
Sewer : Public Sewer
Comparables
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
Past Sales
Date | Unit | Beds | Baths | Sqft | Price | Closed | Owner | Listed By |
---|---|---|---|---|---|---|---|---|
11/08/2022
|
|
Loft
|
-
|
-
|
$10,000,000
Loft
-
|
-
-
|
-
|
Robin Lennon
Prudential Douglas Elliman Real Estate
|