See Home Value
$900,000
Land - Off Market

294 E 163rd Street

Bronx, NY 10451
bedrooms
Studio
bathrooms
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

    General

  • Year Built: 1901
  • Building Count: 2
  • Floor Count: 2
  • Total Unit Count: 1
  • Residential Unit Count: 1
  • Basement Type: 1

    Dimensions

  • Lot Area Sqft: 4,025
  • Lot Size Depth Feet: 115
  • Lot Size Frontage Feet: 35
  • Building Depth: 36
  • Building Frontage: 18
  • Gross Building Area: 2,016

    Building Floor Area

  • Residential Building Floor Area: 1,344

    Floor Area Ratio

  • Built Floor Area Ratio: 1
  • Residential Floor Area Ratio: 3
  • Facilities Floor Area Ratio: 5

Building

  • Building Type: A9
  • Lot Type: 5
  • Land Use: 01
  • Irregular Lot Code: N
  • Proximity Code: 2
  • Extension Code: G

Neighborhood

  • Community District: 204
  • City Council District: 17
  • Police Precinct: 44
  • Fire Company: E071
  • Health Area: 3320
  • Sanitation District Borough: 2
  • Sanitation Subsection: 1B
  • School District: 09

Zoning

  • Split Boundary Zone Indicator: N
  • Zoning: R7-1

Geography

  • Borough Name: BX
  • Borough Code: 2
  • Block: 2422
  • Lot: 18
  • Borough Block Lot: 2024220018

    Address

  • Full Address: 294 East 163 Street
  • Zip Code: 10451

Valuation

    Assessments Valuation

  • Assessed Total Value: $33,840
  • Assessed Land Value: $16,320

    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
Land
Loft
-
-
$900,000 Dec 14, 2023
$900,000 Mar 28, 2024
$164/mo
Land
Loft
-
-
$900,000 Dec 14, 2023
$900,000 Mar 28, 2024
$150/mo
Land
Loft
-
-
$750,000 Sep 18, 2019
$750,000 Jan 3, 2020
$217/mo
Townhouse
Stu
-
-
$930,000 Apr 12, 2016
$930,000 Mar 1, 2017
-
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
Land
Loft
-
-
$1,000,000 Jan 22, 2024
-
-
Commercial
Loft
7.5 Baths
6,128 ft²
$163/ft²
$1,000,000 Aug 8, 2023
-
$860/mo
Commercial
Loft
4.5 Baths
5,950 ft²
$168/ft²
$1,000,000 Aug 8, 2023
-
$4,260/mo
Multifamily
Stu
-
-
$950,000 Sep 17, 2022
-
-
Multifamily
7 Beds
3 Baths
-
$989,999 Sep 13, 2023
-
$650/mo
Multifamily
5 Beds
3 Baths
-
$999,000 Feb 16, 2024
-
$424/mo

About West Bronx


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Frequently Asked Questions

When was property at 294 East 163rd Street built and last sold?
The property at 294 East 163rd Street was built in 1901 and last sold on Jan 1, 1970 for $0.
How much is this home worth?
The estimated value of the home located at 294 East 163rd Street is $998,777.
What are some comparable homes to 294 East 163rd Street?
Homes that are comparable to 294 East 163rd Street include a land property at 936 College Avenue, a commercial property at 696 Courtlandt Avenue, 694 Courtlandt Avenue.

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