Listed by RIPCO Real Estate
$6,750,000
1405 Webster Avenue
Details
Property Type Retail, Land
Sub Type Commercial
Square Footage 5,625
Units 3
Year Built 1931
Stories 1
Lot Size (SqFt) 7,340
Zoning R7-1, C2-4
Retail | 5,625 SqFt
Marketing description
Ripco Real Estate has been retained on an exclusive basis to arrange for the sale of 1405 Webster Avenue, a development site positioned within the Mount Eden neighborhood of the Bronx. The property offers approximately 54,796 BSF As-of-Right, including additional air rights integrated from the adjacent parcel (Lot 142).
The site is situated on the west side of Webster Avenue between East 170th and 171st Streets, offering direct access to major transportation, dense residential surroundings, and an expanding base. This corridor has seen sustained tenant and developer interest driven by rising housing demand and zoning
favorable to mixed-use buildings. Existing improvements include a -story commercial building.
1405 Webster Avenue parcel presents a unique opportunity to deliver a mid-sized Bronx project that balances density, cost efficiency, and market depth.
Investment highlights
- Lot & Zoning 75' x 101 lot zoned R7-1 / C2-4 with ~55,000 BSF including additional air rights from the neighbor.
- Prime Webster Avenue Footage Prominent 75-foot frontage along one of the Bronx's most active retail corridors, offering excellent visibility within a rapidly transforming mixed-use neighborhood.
- Transportation Less than a 10-minute walk to both the B & D subway lines at 170th Street and the 4 train at Mount Eden Avenue with multiple bus routes along Webster and Third Avenues.
- Incentive Compatibility Opportunity to leverage programs such as the 485-x Tax Abatement and the City of Yes Universal Accessibilty Program (UAP).
- Dynamic Submarket Mount Eden and adjacent Claremont have become core targets for mid-density developers, driven by housing demand, favorable zoning, and City of Yes policies encouraging residential growth along commercial corridors.
Listing Contacts
Listed by RIPCO Real Estate
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