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524-536 E 149th St 0.6 Acres of Commercial Land in Bronx, NY 10455

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Investment Highlights

Tremendous frontage of 273 feet. Flat land

Executive Summary

Following the death of the then-current owner, lessee shall have the option to purchase the fee interest in the Property for a purchase price equal to twelve and one-half (12.5) times the annual ground rent then in effect.

20260722 536 e149th St Ver 6.0

Property Facts

Sale Type	Investment	Property Subtype	Commercial
Sale Condition	Redevelopment Project	Proposed Use	Medical Schools
No. Lots	1	Total Lot Size	0.60 AC
Property Type	Land	Opportunity Zone	Yes State officials designate a portion of qualified Census Tracts to be Opportunity Zones. Certain investments in Opportunity Zones may be eligible for preferential tax treatment.
Zoning	C1-4/R6 - Commercial/Residential

Sale Type	Investment
Sale Condition	Redevelopment Project
No. Lots	1
Property Type	Land
Property Subtype	Commercial
Proposed Use	Medical Schools
Total Lot Size	0.60 AC
Opportunity Zone	Yes State officials designate a portion of qualified Census Tracts to be Opportunity Zones. Certain investments in Opportunity Zones may be eligible for preferential tax treatment.
Zoning	C1-4/R6 - Commercial/Residential

1 Lot Available

Lot

Lot Size	0.60 AC

Lot Size	0.60 AC

Approximately 26,250 SF of developable land for sale across 4 tax lots. Located in a high-traffic corridor in an established residential and retail neighborhood.

Description

Lot A (approx. 14,250 SF): $850,000 annual ground rent Lot B (approx. 12,000 SF): $750,000 annual ground rent Subdivision: No other subdivision of property will be considered Combined Ground Rent: $1,500,000 annually Rent Escalation: 3% annual increases Fee Interest: Following the passing of the current owner, lessee may elect to purchase the fee interest at 12.5x the then-current annual ground The Property is one of the largest vacant development sites in the South Bronx.

Property Taxes

Parcel Number	02275-0012	Improvements Assessment	$0 CAD
Land Assessment	$124,288 CAD	Total Assessment	$124,288 CAD

Property Taxes

Parcel Number

02275-0012

Land Assessment

$124,288 CAD

Improvements Assessment

$0 CAD

Total Assessment

$124,288 CAD

(646) 960-6800

Contact

Rick Stassa
Emerald Commercial Properties

Listing ID: 41405234
Date on Market: 2026-07-23
Last Updated:
Address: 524-536 E 149th St, Bronx, NY 10455

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