2419 Poplar St, Bronx, NY 10461

PROPERTY OVERVIEW:

A 27,788 BSF residential development opportunity on a 7,125 SF site, comprised of two contiguous lots, located in a rapidly evolving residential corridor in the Bronx. The site is zoned R6-1, located within a Mandatory Inclusionary Housing (MIH) area, and is suitable for mid-density residential development, including multi-family buildings or townhouses, subject to DOB verification and required approvals.

The property includes existing structures with flexible occupancy, providing potential cash flow during planning and approvals.

ZONING & DEVELOPMENT POTENTIAL:

• Zoning: R6-1

• Approximately 27,788 BSF (3.90 FAR).

• Total Lot Area: 7,125 SF (two lots)

• Supports mid-density residential development in keeping with neighborhood context

• Residential development may achieve up to approximately 3.90 FAR (27,788 BSF) with MIH compliance, and community facility uses may allow up to 4.80 FAR (34,200 BSF) , subject to DOB and zoning verification

TRANSIT-ORIENTED LOCATION & NEARBY AMENITIES:

• Located within the new Metro-North Rezone Area, just steps from the future Metro-North station

• Rare opportunity to secure a site in one of the most attractive upcoming transit hubs

• Proximity to Albert Einstein College of Medicine, Montefiore Medical Center, and nearby hospitals, enhancing residential demand

• Close to local amenities, schools, parks, and major Bronx thoroughfares

• Neighborhood growth and active residential development provide momentum for future projects

INVESTMENT OVERVIEW:

This offering represents a rare opportunity to acquire a 27,788 BSF development site in the Bronx. Ideal for developers, investors, or end-users seeking to capitalize on rezoning, neighborhood growth, and flexible acquisition terms.

FLEXIBLE TERMS:

• Property is priced at $3,299,000 ($119 per BSF)

• Closing can be contingent on development approvals

• Seller financing may be available

Please do not disturb the tenants.