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Bronx Super Lots 2 Land Properties Offered at $12,327,390 CAD in Bronx, NY
Investment Highlights
- Easy access to major transportation including 4, B, D subways along with I-87 and I-95 Expressways
- R7-1 Zoning with 675,943 BSF as of right (984,440 BSF city of Yes)
- Pre-development materials available including surveys, alternative zoning & massing studies, environmental reports, and geotechnical studies.
- Located nearby major developments on Jerome Avenue
- The lots can also be sold separately if preferred
Executive Summary
Bid Deadline of October 31st.
The "Bronx Super Lots" consist of 11 vacant lots spanning a combined 196,495 SF, with up to 984,440 buildable SF with City of Yes, in High Bridge, Bronx.
INVESTMENT HIGHLIGHTS
1. City of Yes Housing Opportunity
• Potential to build up to 142,349 SF
• Benefits from increased floor area, building height and bulk allowances, and reduced parking requirements
2. Location
• Located in the Highbridge neighborhood of the South Bronx
• Easy highway access to: I-87 (Major Deegan Expressway) — ~3-minutes drive & I-95 (Cross-Bronx Expressway) — ~5-minute drive
• Public transit connectivity: 4 , B , D subway lines & Bx11, Bx13, Bx18 bus lines within walking distance
• Less than 25 minutes to Midtown Manhattan
3. Neighborhood Developments
• Recent surge in residential development, driven by city policy, strong demand for affordable housing, and institutional investment
• Nearby substantial affordable housing projects along the Jerome Avenue corridor, one of NYC’s most active affordable and mixed-income development zones
4. Tax Benefits
• Opportunity to leverage 485-x Property Tax Abatement and Low-Income Housing Tax Credits (LIHTC) when incorporating affordable housing components
• Located in a Qualified Opportunity Zone
• The Site’s situation within an Environmental Zone (En-Zone) makes it a great candidate for consideration for New York’s Brownfield Cleanup Program (the BCP), as properties located within En-Zones provide a gateway for the property to qualify for the lucrative tangible property tax credits through the BCP, and can provide for increased credit consideration
• The BCP can provide tax credits and liability protections for qualifying sites of up to $35 million dollars for the tangible property tax credit
5. Comprehensive Due Diligence
• Pre-development materials available including: Surveys, Zoning & Massing Studies with City of Yes scenarios, Environmental Reports, & Geotechnical Studies
The "Bronx Super Lots" consist of 11 vacant lots spanning a combined 196,495 SF, with up to 984,440 buildable SF with City of Yes, in High Bridge, Bronx.
INVESTMENT HIGHLIGHTS
1. City of Yes Housing Opportunity
• Potential to build up to 142,349 SF
• Benefits from increased floor area, building height and bulk allowances, and reduced parking requirements
2. Location
• Located in the Highbridge neighborhood of the South Bronx
• Easy highway access to: I-87 (Major Deegan Expressway) — ~3-minutes drive & I-95 (Cross-Bronx Expressway) — ~5-minute drive
• Public transit connectivity: 4 , B , D subway lines & Bx11, Bx13, Bx18 bus lines within walking distance
• Less than 25 minutes to Midtown Manhattan
3. Neighborhood Developments
• Recent surge in residential development, driven by city policy, strong demand for affordable housing, and institutional investment
• Nearby substantial affordable housing projects along the Jerome Avenue corridor, one of NYC’s most active affordable and mixed-income development zones
4. Tax Benefits
• Opportunity to leverage 485-x Property Tax Abatement and Low-Income Housing Tax Credits (LIHTC) when incorporating affordable housing components
• Located in a Qualified Opportunity Zone
• The Site’s situation within an Environmental Zone (En-Zone) makes it a great candidate for consideration for New York’s Brownfield Cleanup Program (the BCP), as properties located within En-Zones provide a gateway for the property to qualify for the lucrative tangible property tax credits through the BCP, and can provide for increased credit consideration
• The BCP can provide tax credits and liability protections for qualifying sites of up to $35 million dollars for the tangible property tax credit
5. Comprehensive Due Diligence
• Pre-development materials available including: Surveys, Zoning & Massing Studies with City of Yes scenarios, Environmental Reports, & Geotechnical Studies
Property Facts
| Price | $12,327,390 CAD | Number of Properties | 2 |
| Sale Type | Investment | Individually For Sale | 0 |
| Status | Active | Total Land Area | 4.51 AC |
| Price | $12,327,390 CAD |
| Sale Type | Investment |
| Status | Active |
| Number of Properties | 2 |
| Individually For Sale | 0 |
| Total Land Area | 4.51 AC |
Properties
| Property Name / Address | Property Type | Size | Individual Price |
|---|---|---|---|
| 223 167th Street, Bronx, NY 10452 | Land | 3.86 AC | - |
|
97,740 BSF
Undercliff Ave, Bronx, NY 10452 |
Land | 0.65 AC | - |
Contacts
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Mitchel Flaherty -
Brian Whelan -
Jonathan Auerbach -
Jake Shapiro -
Luke Stone -
RIPCO Real Estate
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