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1712 Jerome Ave 0.23 Acres of Residential Land for Lease in Bronx, NY 10453
HIGHLIGHTS
- Prime 10,000 SF lot on Jerome Avenue
- One block from 176th Street 4 Subway Station - 27 minutes ?to Grand Central
- Ground lease structure allows developers to pursue new ?projects with reduced upfront land costs, freeing capital for construction and operations
- Zoned R7A (C2-4 overlay), offering 46,000 Residential BSF
- Nearby substantial affordable housing projects along ?Jerome Avenue corridor, one of NYC’s most active affordable and mixed-income development zones
LOT AVAILABLE
Display Rental Rate as
| Rental Rate |
|
Lot Size | 0.23 AC |
| Lease Term | Negotiable |
| Rental Rate | |
| Lease Term | Negotiable |
| Lot Size | 0.23 AC |
RIPCO Real Estate has been retained on an exclusive basis to arrange ?for the ground lease of 1712 Jerome Avenue. in the Mount Hope neighborhood of the Bronx. The property is a 100’ x 100’ development site with an existing single story commercial building. building. The zoning allows for 46,000 Buildable SF with Mandatory Inclusionary Housing. The location provides easy access to transportation with the 4 subway line running along Jerome Avenue and the B, D subway along the Grand Concourse. The cross Bronx expressway (I95) is located a few blocks to the south, along with ample retail offering at nearby Fordham Road. The Jerome Avenue rezoning of 92 blocks was approved by the city council in March 2018 to increase the availability of affordable housing. This is the biggest rezoning project in the history of New York City and offers a chance to create thousands of affordable units. Several established developers have already created hundreds of affordable units along the corridor. This site presents a unique opportunity to develop a project that meets the growing demand for housing in the area.
PROPERTY OVERVIEW
The property is a 100’ x 100’ development site with an existing single story commercial building. building. The zoning allows for 46,000 Buildable SF with Mandatory Inclusionary Housing.
PROPERTY FACTS
Walk Score®
Walker's Paradise (90)
Transit Score®
Rider's Paradise (100)
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1712 Jerome Ave
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