3020-3028 Corlear Avenue, New York City, NY 10463

Link: https://corlearlistingposter.netlify.app /Property Description

Zoning Links: (allow 10 seconds on city website for loading)

• 3020 -> https://zola.planning.nyc.gov/l/lot/2/5709/16#18.27/40.879402/-73.907248
• 3022 -> https://zola.planning.nyc.gov/l/lot/2/5709/17#18.2/40.879465/-73.90714
• 3026-3028 -> https://zola.planning.nyc.gov/l/lot/2/5709/18#18.08/40.87955/-73.906966

• Rare 4-lot contiguous assemblage — 13,776 SF of land, 100.92 ft of unbroken street frontage, uniform 136.5 ft lot depth across all three parcels (Block 5709, Lots 16, 17 & 18)

• 49,594 buildable SF under R6 + City of Yes UAP (FAR 3.60) — with upside to 63,370 BSF via R7-1 rezoning path. Supports 55–65 units in a 6–8 story ground-up residential building

• Priced at $106/BSF (R6 UAP basis) — within or below the current Bronx development land market range of $107–$140/BSF (Ariel Property Advisors, 2024–2026)

• Delivered vacant at closing — unified family ownership across all three addresses, clean title, single negotiation, no LLC complexity

• Kingsbridge institutional pipeline confirmed: Tishman Speyer under construction (339 units, Dec 2024), Kingsbridge Armory redevelopment unanimously approved (Oct 2025, 500 units), multiple new construction permits filed within blocks in 2024–2025

• 1 Train access — 231st & 238th Street stations within walking distance, less than 25 minutes to Midtown Manhattan

ZONING & BUILDABLE SF —

1. AS-OF-RIGHT BSF (WITHOUT UAP) The combined lot area across all three parcels is 13,776 SF, verified via NYC ZoLA (Block 5709, Lots 16, 17 & 18). R6 Base Zoning (FAR 2.43) = 33,474 BSF → 38–45 units R6 + City of Yes UAP (FAR 3.60) = 49,594 BSF → 55–65 units R7-1 + UAP Rezoning Upside (FAR 4.60) = 63,370 BSF → 70–85 units The UAP bonus was enacted December 2024 and requires 25%+ affordable units. It is as-of-right — no rezoning or ULURP process is required to access it. VERIFY INDEPENDENTLY: - NYC ZoLA: zola.planning.nyc.gov — Search Block 5709, Lots 16, 17 & 18 to confirm lot area, FAR, and zoning - Licensed NYC Architect — can produce a formal zoning analysis letter and BSF calculation within days - Land Use Attorney — can confirm UAP eligibility and Zoning Lot Merger mechanics for all three parcels - NYC DOB / ACRIS: a836-acris.nyc.gov — confirms existing GFA and certificate of occupancy for each lot

2. REZONING STATUS The property is NOT currently in a rezoning process. It is offered as-is under existing R6 zoning with UAP eligibility. The R7-1 scenario (63,370 BSF at FAR 4.60) is a future optionality play — not a pending application. A buyer who elects to pursue it would initiate ULURP post-acquisition. The Kingsbridge Armory redevelopment approval (Oct 2025) and active new construction in the corridor provide strong political context for such an application.

SUMMARY: 33,474 BSF → As-of-right today (R6 base) 49,594 BSF → As-of-right with UAP (no rezoning needed) 63,370 BSF → Future upside via R7-1 rezoning (post-close)