Address: 3745 Riverdale Avenue, Bronx, New York 10463
Lot Dimensions: 76’ x 297.92’ irr
Lot Size: 20,556 square feet
FAR: 2.43 (Res), 2.0 (Comm), 4.8 (Comm. Fac)
Transportation: #1 Train, BxM1, BxM2, Bx7, Bx10, and Bx20 within walking distance. Easy access to the Major Deegan and Henry Hudson Pkwy.
Assessment (17/18): $241,101
RE Taxes (17/18): $25,494
Asking Price: $5,500,000
Ideally situated on Riverdale Avenue between West 238th Street and West 236th Street, this site offers great access to major roadways and mass transportation The site is shovel ready and the seller has approved plans that call for a 14-story, 61,140 square foot apartment building. The ground floor will include approximately 2,381 square feet of commercial space and a residential entrance. The second floor will contain indoor and outdoor parking space accessible from the rear of the property. The remaining 12 residential floors will feature 48 units spread across approximately 58,757 square feet. This is a rare opportunity to acquire a development site in one of the most sought after areas of the North Bronx. Located in one of the most highly desirable neighborhoods in the Bronx. Located within walking distance of the 238th subway station and Metro North providing for direct access to midtown Manhattan. Private indoor/outdoor parking for tenants. Riverdale Avenue boasts several restaurants and retail locations within walking distance of the property.