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2411 Poplar St
Bronx, NY 10461
Multifamily Property For Sale
·
2 Units
Executive Summary
PROPERTY OVERVIEW:
A 9,750 BSF residential development opportunity on a 2,500 SF site, located in a rapidly evolving residential corridor in the Bronx. The site is zoned R6-1, located within a Mandatory Inclusionary Housing (MIH) area, and is suitable for mid-density residential development, including multi-family buildings or townhouses, subject to DOB verification and required approvals.
The property includes existing structures with flexible occupancy, providing potential cash flow during planning and approvals.
ZONING & DEVELOPMENT POTENTIAL:
Zoning: R6-1
Approximately 9,750 BSF (3.90 FAR).
Total Lot Area: 2,500 SF
Supports mid-density residential development in keeping with neighborhood context
Residential development may achieve up to approximately 3.90 FAR (9,750 BSF) with MIH compliance, and community facility uses may allow up to 4.80 FAR (12,000 BSF) , subject to DOB and zoning verification
TRANSIT-ORIENTED LOCATION & NEARBY AMENITIES:
Located within the new Metro-North Rezone Area, just steps from the future Metro-North station
Rare opportunity to secure a site in one of the most attractive upcoming transit hubs
Proximity to Albert Einstein College of Medicine, Montefiore Medical Center, and nearby hospitals, enhancing residential demand
Close to local amenities, schools, parks, and major Bronx thoroughfares
Neighborhood growth and active residential development provide momentum for future projects
INVESTMENT OVERVIEW:
This offering represents a rare opportunity to acquire a 9,750 BSF development site in the Bronx. Ideal for developers, investors, or end-users seeking to capitalize on rezoning, neighborhood growth, and flexible acquisition terms.
FLEXIBLE TERMS:
Property is priced at $1,150,000 ($118 per BSF)
Closing can be contingent on development approvals
Seller financing may be available
Please do not disturb the tenants.
A 9,750 BSF residential development opportunity on a 2,500 SF site, located in a rapidly evolving residential corridor in the Bronx. The site is zoned R6-1, located within a Mandatory Inclusionary Housing (MIH) area, and is suitable for mid-density residential development, including multi-family buildings or townhouses, subject to DOB verification and required approvals.
The property includes existing structures with flexible occupancy, providing potential cash flow during planning and approvals.
ZONING & DEVELOPMENT POTENTIAL:
Zoning: R6-1
Approximately 9,750 BSF (3.90 FAR).
Total Lot Area: 2,500 SF
Supports mid-density residential development in keeping with neighborhood context
Residential development may achieve up to approximately 3.90 FAR (9,750 BSF) with MIH compliance, and community facility uses may allow up to 4.80 FAR (12,000 BSF) , subject to DOB and zoning verification
TRANSIT-ORIENTED LOCATION & NEARBY AMENITIES:
Located within the new Metro-North Rezone Area, just steps from the future Metro-North station
Rare opportunity to secure a site in one of the most attractive upcoming transit hubs
Proximity to Albert Einstein College of Medicine, Montefiore Medical Center, and nearby hospitals, enhancing residential demand
Close to local amenities, schools, parks, and major Bronx thoroughfares
Neighborhood growth and active residential development provide momentum for future projects
INVESTMENT OVERVIEW:
This offering represents a rare opportunity to acquire a 9,750 BSF development site in the Bronx. Ideal for developers, investors, or end-users seeking to capitalize on rezoning, neighborhood growth, and flexible acquisition terms.
FLEXIBLE TERMS:
Property is priced at $1,150,000 ($118 per BSF)
Closing can be contingent on development approvals
Seller financing may be available
Please do not disturb the tenants.
Property Facts
| Price Per Unit | $787,215 CAD | Building Class | C |
| Sale Type | Investment | Lot Size | 0.06 AC |
| No. Units | 2 | Building Size | 1,497 SF |
| Property Type | Multifamily | No. Stories | 2 |
| Property Subtype | Apartment | Year Built | 1910 |
| Apartment Style | Low-Rise | ||
| Zoning | R6-1 - + Recently rezoned to R6-1 + Located in the new Metro-North Rezone Area near the new Metro-North train station | ||
| Price Per Unit | $787,215 CAD |
| Sale Type | Investment |
| No. Units | 2 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 0.06 AC |
| Building Size | 1,497 SF |
| No. Stories | 2 |
| Year Built | 1910 |
| Zoning | R6-1 - + Recently rezoned to R6-1 + Located in the new Metro-North Rezone Area near the new Metro-North train station |
Amenities
Unit Amenities
- Refrigerator
- Oven
- Range
- Tub/Shower
- Freezer
Site Amenities
- 24 Hour Access
- Walk-Up
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| Studios | 2 | - | - |
Property Taxes
| Parcel Number | 04062-0022 | Improvements Assessment | $40,534 CAD |
| Land Assessment | $8,420 CAD | Total Assessment | $48,954 CAD |
Property Taxes
Parcel Number
04062-0022
Land Assessment
$8,420 CAD
Improvements Assessment
$40,534 CAD
Total Assessment
$48,954 CAD
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