Residential Land for Sale in Bronx, New York

This offering presents a unique development opportunity located at 217 Bedford Park Boulevard in the Bronx. The site covers 2,938 square feet with a 25' x 118' lot dimension, providing an optimal canvas for residential development. Zoned R8 with a Floor Area Ratio of 7.2, this property supports the construction of a residential building up to 21,154 square feet. The location is a significant asset, situated just steps from the Bedford Park Boulevard Subway station, offering a 35-minute commute to Manhattan. Additionally, the property is near major retail corridors such as Grand Concourse and close to key attractions including the New York Botanical Gardens and Fordham University, enhancing the living experience for future residents. Currently occupied by (2) tenants on short term leases. It also offers the possibility of expansion when combined with the neighboring lot, potentially doubling the site width to 50'. With the recent implementation of the 485-x tax abatement under the Affordable Neighborhoods for New Yorkers program, the site is particularly appealing for rental developers. The development parameters allow for an 8-story building comprising approximately 31 units, aligning with growing demand for residential space in this area.