318 E 160 Street
A 4-STORY WALK-UP APARTMENT BUILDING CONSISTING OF 8 RESIDENTIAL UNITS ACROSS 6,060 SF
Marketing description
RIPCO REAL ESTATE has been retained on an exclusive basis to arrange for the sale of 318 E 160TH STREET — in the Bronx. 318 E 160th St is a 4-story walk-up apartment building situated in the vibrant Melrose neighborhood of the Bronx. The property encompasses 8 residential units, totaling approximately 6,060 square feet of gross floor area. Built in 1931, this well-maintained building offers significant potential for both stable rental income and future appreciation. With its strategic location and favorable zoning, 318 E 160th St is an attractive opportunity for investors looking to capitalize on the growth of the Bronx real estate market. The property is zoned R7-2, allowing for residential development with a Floor Area Ratio (FAR) of 3.44, which provides for 8,514 buildable square feet. This zoning also permits Community Facility development with an FAR of 6.5, equating to 16,088 buildable square feet. Located on the south side of East 160th Street between Park Avenue and Courtlandt Avenue, the property benefits from proximity to public transportation, shopping, dining, and other amenities.
Investment highlights
- Location: Positioned in the rapidly growing Melrose neighborhood of the Bronx
- Investment Opportunity: A 4-story walk-up apartment building consisting of 8 residential units across 6,060 SF
- Lot Dimensions: The property spans approximately 2,475 square feet with building dimensions of 25’ x 65’
- Transportation: Located near the 161st Street-Yankee Stadium station, providing access to the 4 train, facilitating easy connectivity to other parts of the Bronx and Manhattan
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