Empty lot (55' x 115') zoned R7-1 at 368 East 152nd Street, a quiet street in the Melrose neighborhood of the South Bronx. Super location for residential development. Three blocks from Bronx HUB and subway station with #2, #5 trains (at 149th street and 3rd Ave.) Property is located on the south side of 152nd Street between Cortland and Melrose. R7-1 zoning has as-of-right potential for 21,823 SF Residential (FAR 3.44) or 30,451 SF building with Community Facility (FAR 4.8). Area is PRIME Bronx up-and-coming residential neighborhood, with many restaurants, shops, and recreational amenities. 2 supermarkets, Starbucks, major banks, hardware store, Blink gym, community garden, Citybikes, and church within 3 block radius. 20 minute commute into midtown Manhattan. Land is in Opportunity Zone + has potential for J-51 tax abatement. INCLUDED IN PURCHASE: approved architecture and engineering plans for 28 unit residential building with 8 parking spots and Community Facility, boorings, survey, Phase 1 Environmental, electricity on the lot. Very low carrying charges and property taxes.
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