Vacant 3 Family 40.27 ' x 103' Development Site | 11,482 BSF
Multifamily
Marketing description
Landair Advisors has been exclusively retained to arrange the sale of 940 East 181st Street, a 3,087 sq. ft. three-family building on an irregular 40.27′ × 103′ lot (3,338 sq. ft.) in West Farms, the Bronx. The building includes a ground-floor studio, a three-bedroom/one-bath on the first floor, and a five-bedroom/two bath duplex. The property will be delivered fully vacant at closing.
Zoned R7-1, the site permits up to 11,482 buildable sq. ft. as-of-right or 16,723 buildable sq. ft. with UAP, presenting a compelling opportunity to redevelop ground-up or alter the existing building.
Located 0.4 miles from the West Farms Square–East Tremont Ave station (2/5 trains), the property also benefits from Bx9, Bx21, and Bx36 bus service. Bronx Park — home to the Bronx Zoo and New York Botanical Garden — anchors the
neighborhood to the north, complemented by the East Tremont Avenue retail corridor, Fordham University, area schools, and Bronx healthcare facilities. Recently permitted mixed-use development throughout West Farms reflects growing investor confidence in the submarket.
Investment highlights
- 3 units: (1) studio, (1) 3 bed 1 bath, (1) 5 bed 2 bath duplex, delivered vacant
- 40.27 ' x 103' lot (3,338 sq. ft.) with 11,482 BSF as-of-right or 16,723 BSF UAP
- 0.4 miles to West Farms Square-East Tremont Ave & trains
- Proximity to Bronx Zoo/New York Botanical Garden
- Proximity to East Tremont Avenue retail corridor
- Proximity to Fordham University, area schools, and healthcare facilities
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