1431 Bassett Ave - Bassett Avenue Assemblage 0.34 Acres of Industrial Land Offered at $12,310,200 CAD in Bronx, NY 10461

Distinguished Realty Services has been hired as the exclusive broker on 1431-1441 Bassett Avenue in the newly rezoned Morris Park section of the Bronx. This 15,000 square foot assemblage presents a great opportunity for development directly across from the new Metro North train station estimated for completion in 2027. In a diverse employment section at the corner of Eastchester Rd and Morris Park Avenue, neighboring Albert Einstein Medical Center, Jacobi Hospital, Yeshiva University and Calvary Hospital.
Morris Park's Zoning initiative is to encourage the development an additional 7,000 units to the area. Current Zone is C4-4. MIH option 2 for residential housing.
Zoning will allow for a new residential building with 119,145 Gross Buildable Area (Includes 15,000 Square Foot Parking on Level 1) and 89,900 ZFA or 99 Units.
Two existing industrial buildings on the premises include an approximately 10,000 square foot mixed use building with 5,000 square feet of industrial space and 5,000 square feet of office space on the top level. Second structure is an 5,000 square foot industrial space.