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721 Saint Ouen St - 50' Wide Development Site in Wakefield 0.15 Acres of Residential Land Offered at $1,734,428 CAD in Bronx, NY 10470
Investment Highlights
- 50’ x 135’ lot, delivered vacant
- 338 feet from Wakefield 241st St Station
- Transit Zone with reduced parking required
- 9,820 BSF as of right
- Located on a Residential Block next to Commercial Corridor
Executive Summary
Landair Property Advisors has been exclusively retained to sell 721 St. Ouen Street, a development site ideally positioned just off-White Plains Road—one of the Bronx’s most heavily trafficked and accessible commercial corridors.
The property spans a 50’ x 135’ lot and is located within an R5 zoning district, allowing for approximately 9,820 buildable square feet as-of-right. Notably, under the recently enacted “City of Yes” zoning changes, the effective FAR for R5 districts has increased to 1.5, enabling the development of approximately 14 residential units utilizing a dwelling unit factor of 680 square feet. The site is currently improved with a 2,044 square foot residential structure, which will be delivered vacant at closing.
The location offers strong connectivity, with immediate access to the Wakefield– 241st Street subway station, providing a direct commute into Manhattan. The surrounding area is supported by a full range of neighborhood amenities, including Wakefield Playground, Fine Fare Supermarket, local medical offices, pharmacies, and nearby public schools—driving consistent residential demand.
721 St. Ouen Street presents a compelling opportunity to capitalize on efficient lot dimensions, enhanced zoning potential, and a proven residential market, making it well-suited for a ground-up residential development. Additionally, the property is situated within a Transit Zone, permitting reduced parking requirements - further enhancing development efficiency and overall buildable potential.
The property spans a 50’ x 135’ lot and is located within an R5 zoning district, allowing for approximately 9,820 buildable square feet as-of-right. Notably, under the recently enacted “City of Yes” zoning changes, the effective FAR for R5 districts has increased to 1.5, enabling the development of approximately 14 residential units utilizing a dwelling unit factor of 680 square feet. The site is currently improved with a 2,044 square foot residential structure, which will be delivered vacant at closing.
The location offers strong connectivity, with immediate access to the Wakefield– 241st Street subway station, providing a direct commute into Manhattan. The surrounding area is supported by a full range of neighborhood amenities, including Wakefield Playground, Fine Fare Supermarket, local medical offices, pharmacies, and nearby public schools—driving consistent residential demand.
721 St. Ouen Street presents a compelling opportunity to capitalize on efficient lot dimensions, enhanced zoning potential, and a proven residential market, making it well-suited for a ground-up residential development. Additionally, the property is situated within a Transit Zone, permitting reduced parking requirements - further enhancing development efficiency and overall buildable potential.
Property Facts
| Price | $1,734,428 CAD | Property Subtype | Residential |
| Sale Type | Investment | Proposed Use | Apartment Units |
| No. Lots | 1 | Total Lot Size | 0.15 AC |
| Property Type | Land | ||
| Zoning | R5 | ||
| Price | $1,734,428 CAD |
| Sale Type | Investment |
| No. Lots | 1 |
| Property Type | Land |
| Property Subtype | Residential |
| Proposed Use | Apartment Units |
| Total Lot Size | 0.15 AC |
| Zoning | R5 |
1 Lot Available
Lot 11
| Price | $1,734,428 CAD | Lot Size | 0.15 AC |
| Price Per AC | $11,539,926.44 CAD |
| Price | $1,734,428 CAD |
| Price Per AC | $11,539,926.44 CAD |
| Lot Size | 0.15 AC |
The property at 721 St. Ouen Street comprises a 6,547 square foot lot with 50 feet of frontage and a depth of 135 feet. The site is located within an R5 zoning district, allowing for approximately 9,820 buildable square feet as-of-right.
Exceptionally walkable
100/100
Fairly drivable
40/100
Exceptional public transit
90/100
Moderately bikeable
70/100
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721 Saint Ouen St - 50' Wide Development Site in Wakefield
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