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940 E 181st St - 40' x 103' Development Site | 11,579 BSF 0.08 Acres of Residential Land Offered at $1,724,737 CAD in Bronx, NY 10460
Investment Highlights
- 3 units: (1) studio, (1) 3 bed 1 bath, (1) 4 bed 2 bath duplex, delivered vacant
- 0.4 miles to West Farms Square–East Tremont Ave 2 & 5 trains
- Proximity to East Tremont Avenue retail corridor
- 40’ × 103’ lot (3,366 sq. ft.) with 11,579 BSF as-of-right or 16,863 BSF UAP
- Proximity to Bronx Zoo/New York Botanical Garden
- Proximity to Fordham University, area schools, and healthcare facilities
Executive Summary
Landair Advisors has been exclusively retained to arrange the sale of 940 East 181st Street, a 3,087 sq. ft. three-family building on an irregular 40' × 103' lot (3,366 sq. ft.) in West Farms, the Bronx. The building includes a ground-floor studio, a three-bedroom/one-bath on the first floor, and a four-bedroom/two bath duplex. The property will be delivered fully vacant at closing.
Zoned R7-1, the site permits up to 11,579 buildable sq. ft. as-of-right or 16,863 buildable sq. ft. with UAP, presenting a compelling opportunity to redevelop ground-up or alter the existing building.
Located 0.4 miles from the West Farms Square–East Tremont Ave station (2/5 trains), the property also benefits from Bx9, Bx21, and Bx36 bus service. Bronx Park — home to the Bronx Zoo and New York Botanical Garden — anchors the neighborhood to the north, complemented by the East Tremont Avenue retail corridor, Fordham University, area schools, and Bronx healthcare facilities. Recently permitted mixed-use development throughout West Farms reflects growing investor confidence in the submarket.
Zoned R7-1, the site permits up to 11,579 buildable sq. ft. as-of-right or 16,863 buildable sq. ft. with UAP, presenting a compelling opportunity to redevelop ground-up or alter the existing building.
Located 0.4 miles from the West Farms Square–East Tremont Ave station (2/5 trains), the property also benefits from Bx9, Bx21, and Bx36 bus service. Bronx Park — home to the Bronx Zoo and New York Botanical Garden — anchors the neighborhood to the north, complemented by the East Tremont Avenue retail corridor, Fordham University, area schools, and Bronx healthcare facilities. Recently permitted mixed-use development throughout West Farms reflects growing investor confidence in the submarket.
Property Facts
| Price | $1,724,737 CAD | Property Type | Land |
| Sale Type | Investment | Property Subtype | Residential |
| No. Lots | 1 | Total Lot Size | 0.08 AC |
| Price | $1,724,737 CAD |
| Sale Type | Investment |
| No. Lots | 1 |
| Property Type | Land |
| Property Subtype | Residential |
| Total Lot Size | 0.08 AC |
1 Lot Available
Lot
| Price | $1,724,737 CAD | Lot Size | 0.08 AC |
| Price Per AC | $22,320,052.74 CAD |
| Price | $1,724,737 CAD |
| Price Per AC | $22,320,052.74 CAD |
| Lot Size | 0.08 AC |
1 1
Exceptionally walkable
100/100
Fairly drivable
40/100
Exceptional public transit
100/100
Moderately bikeable
70/100
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940 E 181st St - 40' x 103' Development Site | 11,579 BSF
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