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
Sold for $900,000
$900,000
294 E 163rd Street, Bronx, NY 10451
--beds
--baths
4,025Square Feet
Land
Built in 1901
4,025 Square Feet Lot
$-- Zestimate®
$--/sqft
$3,123 Estimated rent
Home value
Not available
Estimated sales range
Not available
$3,123/mo
Zestimate® history
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$5,476/mo
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Zillow last checked:
Listing updated:
Listed by:
Bopaul P. Sookdeo 917-806-5509,
YourHomeSold Guaranteed Realty 718-324-6060
Bought with:
Steven Prashad, 10401258466
YourHomeSold Guaranteed Realty
Arif Baksh, 10301207975
YourHomeSold Guaranteed Realty
Source: OneKey® MLS as distributed by MLS GRID,MLS#: H6281314
Facts & features
Property
Lot
- Size: 4,025 Square Feet
Details
- Parcel number: 024220018
Utilities & green energy
- Sewer: Other
- Water: Other
Community & HOA
HOA
- Has HOA: No
Location
- Region: Bronx
Financial & listing details
- Tax assessed value: $689,000
- Annual tax amount: $1,899
- Date on market: 12/14/2023
- Listing agreement: Exclusive Right To Sell
Price history
| Date | Event | Price |
|---|---|---|
| 3/28/2024 | Sold | $900,000-9% |
Source:  OneKey® MLS as distributed by MLS GRID #H6281314 Report a problem | ||
| 3/5/2024 | Pending sale | $988,888 |
Source: OneKey® MLS as distributed by MLS GRID #H6281314 Report a problem | ||
| 1/13/2024 | Price change | $988,888-17.6% |
Source: OneKey® MLS as distributed by MLS GRID #H6281314 Report a problem | ||
| 12/14/2023 | Listed for sale | $1,200,000 |
Source: OneKey® MLS as distributed by MLS GRID #H6281314 Report a problem | ||
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2025 | $2,100 +5.7% | $19,620 -51.4% |
| 2024 | $1,986 +4.6% | $40,380 -2.3% |
| 2023 | $1,898 | $41,340 +12.2% |
| 2022 | -- | $36,840 +8.9% |
| 2021 | -- | $33,840 -6.2% |
| 2020 | $1,845 +5.8% | $36,060 +24.2% |
| 2019 | $1,744 +7% | $29,040 +272.8% |
| 2018 | $1,630 +2.6% | $7,790 |
| 2017 | $1,588 +7.8% | $7,790 +5.7% |
| 2016 | $1,474 | $7,372 +1.5% |
| 2015 | $1,474 +66.3% | $7,262 +5.8% |
| 2014 | $886 | $6,865 +5.7% |
| 2013 | -- | $6,492 |
| 2012 | -- | $6,492 +5.7% |
| 2011 | -- | $6,144 +1.5% |
| 2010 | -- | $6,052 +5.8% |
| 2009 | -- | $5,721 +5.7% |
| 2008 | -- | $5,410 |
| 2007 | -- | $5,410 +5.7% |
| 2006 | -- | $5,120 +1.5% |
| 2005 | -- | $5,044 +5.8% |
| 2004 | -- | $4,768 +5.7% |
| 2003 | -- | $4,509 |
| 2002 | -- | $4,509 +5.7% |
| 2001 | -- | $4,267 +1.5% |
| 2000 | -- | $4,204 |
Find assessor info on the county website
Neighborhood: Concourse
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Nearby schools
GreatSchools rating
- 5/10Ps 35 Franz SiegelGrades: K-5Distance: 0.1 mi
- 4/10New Millennium Business Academy Middle SchoolGrades: 6-8Distance: 0.2 mi
- 4/10Bronx Early College AcademyGrades: 6-12Distance: 0.1 mi
Schools provided by the listing agent
- Elementary: Contact Agent
- Middle: Contact Agent
- High: Contact Agent
Source: OneKey® MLS as distributed by MLS GRID. This data may not be complete. We recommend contacting the local school district to confirm school assignments for this home.
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