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33252902
33252903

940 East 181st Street, Bronx, NY 10460 For Sale

MA
NY 10401392848
Landair Advisors
Landair Advisors
AM
NY 10301223520
Landair Advisors
Listed by Landair Advisors
$1,250,000
46 days on market
Updated 40 days ago

Vacant 3 Family 40.27 ' x 103' Development Site | 11,482 BSF

Details
APN 3128/20
Property Type Multifamily, Land
Sub Type Residential, Apartment Building
Square Footage 3,087
Tenancy Vacant
Price per SqFt $109
Year Built 1997
Buildings 1
Lot Size (SqFt) 3,338
Zoning R7-1
Investment Type Redevelopment
Sale Condition N/A

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

Listing Contacts

MA
NY 10401392848
Landair Advisors
Landair Advisors
AM
NY 10301223520
Landair Advisors
Listed by Landair Advisors

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Additional Information

Name
Maha Alaoui
License
10401392848
Brokerage
Landair Property Advisors
Brokerage Phone
5167137161
Brokerage Address
224 West 30th Street
Name
Alexandre Goulet
License
NY1324
Brokerage Phone
212.920.7658
Name
Anand Melwani
License
10301223520
Brokerage
Landair Property Advisors LLC
Brokerage Phone
2124648815
Title
Associate Broker
*All information is deemed reliable but not guaranteed. Buyer to verify all information.
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