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3817 Bailey Ave 0.47 Acres of Residential Land Offered at $12,169,500 CAD in Bronx, NY 10463
Investment Highlights
- Rare 200-foot frontage provides flexibility for large-scale development.
- Potential buildable area reaches approximately 102,179 ZSF under UAP.
- Short walk to the 1 subway line and multiple bus routes.
- R7-1 zoning supports residential and community facility uses.
- Located near Riverdale Crossing and established neighborhood retail.
- Surrounded by major parks, educational institutions, and community amenities.
Executive Summary
This ~20,395 sq. ft. midblock parcel boasts 200’ of frontage and currently consists of a former rectory, parking lot and side yard.
Remarkable Scale: R7-1 zoning provides 81,580 ZFA (Standard), 97,896 ZFA (Community Facility) FAR and up to 102,179 ZFA (UAP-Affordable).
Versatile Use: This expansive lot ensures optimal residential unit layouts or community facility uses, such as schools and medical facilities.
Prime Location: Situated in the Kingsbridge Heights/Jerome Park neighborhood, 3817 Bailey Avenue is surrounded by lush greenspaces, cultural landmarks and major educational institutions.
Abundant Retail: Just around the corner Riverdale Crossing shopping mall, with additional shopping and dining along 238th Street, Broadway and Kingsbridge Avenue.
Convenient Transit: A 4-minute walk to the 1 train (238th Street), steps from the Bx10 Bus and one block from the Mosholu Parkway (via Van Cortlandt Park South).
Offering exceptional scale and an exceptional location, 3817 Bailey Avenue is an ideal development opportunity for a major residential or community facility project.
Property Facts
| Price | $12,169,500 CAD | Property Type | Land |
| Sale Type | Investment | Property Subtype | Residential |
| Sale Condition | Redevelopment Project | Proposed Use | Multifamily |
| No. Lots | 1 | Total Lot Size | 0.47 AC |
| Zoning | R7-1 - Medium density residential district | ||
| Price | $12,169,500 CAD |
| Sale Type | Investment |
| Sale Condition | Redevelopment Project |
| No. Lots | 1 |
| Property Type | Land |
| Property Subtype | Residential |
| Proposed Use | Multifamily |
| Total Lot Size | 0.47 AC |
| Zoning | R7-1 - Medium density residential district |
1 Lot Available
Lot
| Price | $12,169,500 CAD | Lot Size | 0.47 AC |
| Price Per AC | $25,991,819.81 CAD |
| Price | $12,169,500 CAD |
| Price Per AC | $25,991,819.81 CAD |
| Lot Size | 0.47 AC |
Approximately 20,395 SF development site with 200 feet of frontage in Kingsbridge Heights. R7-1 zoning supports residential and community facility development with potential buildable area up to approximately 102,179 ZSF.
Description
3817 Bailey Avenue is an expansive development property located in the Kingsbridge Heights neighborhood of the Bronx. The site consists of approximately 20,395 square feet and features an exceptional 200-foot frontage along Bailey Avenue. Currently occupied by a former rectory, parking area, and side yard, the property presents a compelling opportunity for future redevelopment. R7-1 zoning allows for multiple potential development strategies, including residential and community facility uses. The property is situated within a neighborhood anchored by educational institutions, recreational amenities, and established retail destinations. Nearby attractions include Riverdale Crossing, Van Cortlandt Park, Jerome Park Reservoir, Manhattan University, and Lehman College. Public transportation options include the 1 subway line and several local bus routes, providing convenient access throughout the Bronx and Manhattan. The combination of scale, frontage, zoning flexibility, and surrounding amenities positions the property as a notable redevelopment opportunity.
Property Taxes
| Parcel Number | 03271-0079 | Improvements Assessment | $473,714 CAD |
| Land Assessment | $233,117 CAD | Total Assessment | $706,832 CAD |
Property Taxes
Contacts
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Michael Tortorici -
Daniel Mahfar -
Victor Sozio -
Shimon Shkury -
James Nestor -
Ariel Property Advisors
Presented by
3817 Bailey Ave
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