VACANT LAND – EXCEPTIONAL MULTI-FAMILY DEVELOPMENT OPPORTUNITY! Just blocks from NYC buses, MTA #2, #5, and #6 trains, and one block from Saint Mary’s Park, this prime 25 ft x 100 ft R6-zoned lot offers unmatched convenience for tenants.
This parcel, with a maximum FAR of 2.43, allows for up to 6,075 buildable square feet, making it an ideal spot for a lucrative multi-unit development. Priced at just $77 per buildable square foot, this property is a fantastic value for developers and investors.
Whether you plan to develop rental units or condos, this lot offers flexibility and potential for significant returns. Don’t miss out on this great opportunity. Contact us today for a survey and more details. Additional Information: SoilType:Unknown,
Current Use
Residential, Multi-Family
Utilities
Trash Collection Public, See Remarks
Lot Description:
Level, Corners Marked, Part Wooded
Elementary School:
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Middle School:
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High School:
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361 Beekman Avenue, Bronx, NY, 10454
The rates and annual percentage rate (APR) displayed are based upon the following assumptions: a 20% down payment (e.g. $20,000 down on a $100,000 purchase price), conforming loan amount, $1,950 in finance charges, 30 days prepaid interest, 1 point, 30 day rate lock. The rates and annual percentage rate (APR) will vary depending upon the actual down payment percentages, points and fees for your transaction. Rates and the margin for adjustable rate mortgages [if applicable] are subject to change without prior notice and may vary with your unique credit history, and terms of your loan. The rates displayed vary by property state, may change or not be available at commitment or closing or may be subject to product restrictions.
The Initial Interest Rate and Initial Principal & Interest Payment are fixed for the first five years (for a 5/6 ARM) or seven years (for a 7/6 ARM) and adjust every six months thereafter for the remainder of the loan term. The Interest Rate and annual percentage rate may increase after consummation. The Index for this product is the SOFR. The margin for this adjustable rate mortgage may vary with your unique credit history, and terms of your loan. Mortgage Rates are subject to change, loan amount and product restrictions and may not be available for your specific transaction at commitment or closing. Rates, and the margin for adjustable -rate mortgages [if applicable], are subject to change without prior notice.
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