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3149 Buhre Ave 3,249 Acres of Commercial Land Offered at $2,816,980 CAD in Bronx, NY 10461
Property Facts
| Price | $2,816,980 CAD | Property Type | Land |
| Sale Type | Investment | Property Subtype | Commercial |
| Sale Condition | Redevelopment Project | Total Lot Size | 3,249.00 AC |
| No. Lots | 1 |
| Price | $2,816,980 CAD |
| Sale Type | Investment |
| Sale Condition | Redevelopment Project |
| No. Lots | 1 |
| Property Type | Land |
| Property Subtype | Commercial |
| Total Lot Size | 3,249.00 AC |
1 Lot Available
Lot
| Price | $2,816,980 CAD | Lot Size | 3,249.00 AC |
| Price Per AC | $867.03 CAD |
| Price | $2,816,980 CAD |
| Price Per AC | $867.03 CAD |
| Lot Size | 3,249.00 AC |
Lot can be transformed from legal two-family to as of right 24 apartment building with property assigned R7-1 zoning
Description
Lot Dimensions: 30.58 ft x 106.25 ft. Zoning is R7-1. Buildable SF As of Right is 12,996 SF with FAR 4.0 (wide street). Can go even higher on total buildable SF using Voluntary Qualifying Affordability Housing Bonus: 16,277 SF buildable on FAR of 5.01. Bonus allows 937 SF of QA housing and 2,344 SF of addition standard housing . Lot coverage of 100% is required, as well as a 30ft rear yard. Located on a wide street, conveniently near the 6 train, and Bruckner Expressway. Parking requirements can be waived under the QA housing bonus. There is a nearly 100-unit active site on the next block, with other neighboring development projects in the stages of planning, on going or completed. Investment highlights LOT SF: 3,249 ZONING: R7-1 FAR BASIC: 4 (wide street) FAR w/ HOUSING BONUS: 5.01 (QA housing) BUILDABLE 16,277 SF (w/ housing bonus) DU FACTOR: 680 UNITS ALLOWABLE: 19 (basic) - 24 (bonus) AFFORDABLE HOUSING BONUS SF: 937 SF STANDARD BONUS SF: 2,344 SF MAX HEIGHT ALLOWABLE: 115 FT NO SET BACKS UNTIL 9TH FLOOR 30 FT REAR YARD REQUIRED PARKING WAIVED W/ QA HOUSING BONUS AREA VACANCY RATE: 5.5% WIDE STREET
Presented by
Arete New York
3149 Buhre Ave
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