1 /
1
Map
$900,000
●
Land -
Off Market
294 E 163rd Street
Bronx, NY 10451
Studio
0 Bath
$5,014
Estimated Monthly
$0
HOA / Fees
1.14%
Cap Rate
About This Property
For Sale: Prime Development Opportunity in the Bronx, NY
Three adjacent properties at 394, 396, and 398 East 163rd St are
available for purchase, ideal for developers. Totaling 85' by 115',
these properties are zoned R7-1 on a Narrow Street, offering a
unique opportunity. Key Details: Zoning: R7-1 on a Narrow Street
(<75 feet wide), Combined size: 85' by 115', Allowable FAR:
3.44, resulting in a buildable area of 33,626 s.f. Maximum density
coefficient: 680 s.f., allowing for a maximum of 49 apartments,
Parking requirement: 30%, equivalent to 15 spaces (waivable),
Potential for a 49-unit building with no parking, Maximum Height:
75 feet This is a promising venture for developers to create
a significant residential or mixed-use project. Explore the
possibilities of maximizing the buildable area and unit count, with
the potential to introduce a Community Facility for added
flexibility. Conatct us for more details
Unit Size
-
Days on Market
106 days
Land Size
0.09 acres
Price per sqft
-
Property Type
Land
Property Taxes
$158
HOA Dues
-
Year Built
1901
Last updated: 2 months ago (OneKey MLS #ONEH6281314)
Price History
Date / Event | Date | Event | Price |
---|---|---|---|
Mar 28, 2024 | Sold | $900,000 | |
Sold | |||
Mar 5, 2024 | In contract | - | |
In contract | |||
Jan 14, 2024 | Price Decreased |
$988,888
↓ $211K
(17.6%)
|
|
Price Decreased | |||
Dec 13, 2023 | Listed by YourHomeSold Guaranteed Realty | $1,200,000 | |
Listed by YourHomeSold Guaranteed Realty |
Property Highlights
Building Info
Overview
Building
Neighborhood
Zoning
Geography
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
Multifamily
6
Beds
4
Baths
-
$950,000
May 16, 2019
$950,000
Dec 30, 2019
$412/mo
Multifamily
6
Beds
4
Baths
-
$925,000
Jan 15, 2022
$925,000
Mar 23, 2022
$536/mo
Active
Commercial
Loft
7.5
Baths
6,128 ft²
$163/ft²
$1,000,000
Aug 8, 2023
-
$860/mo
Active
Commercial
Loft
4.5
Baths
5,950 ft²
$168/ft²
$1,000,000
Aug 8, 2023
-
$4,260/mo