Listed by RIPCO Real Estate
$4,800,000
216 East 175th Street
Details
Property Type Land
Sub Type Commercial
Units 4
Tenancy Multi
Price per SqFt $86
Buildings 1
Stories 3
Lot Size (SqFt) 4,275
Zoning R8
Investment Type Redevelopment
Land | 4,275 SqFt
Marketing description
RIPCO Real Estate has been retained on an exclusive basis to arrange for the sale of 216 East 175th Street — The Bronx, NY. The property is a 45' by 95' corner lot improved with a 3-story mixed-use building totaling approximately 5,660 GSF, located at the southwest corner of East 175th Street and Monroe Avenue in the Mount Hope section of the Bronx. The site is zoned R8 along a narrow street, supporting up to approximately 40,066 BSF of as-of-right residential development, 46,450 BSF for community facility use, or up to 55,760 BSF under the City of Yes for Housing Opportunity text amendment. The offering is further enhanced by available air rights, inclusive of additional development rights from the adjacent 1790 Weeks Avenue.
Investment highlights
- Corner Development Site - 45' x 95' | 4,275 SF lot with 95 feet of frontage on E175th St and 140 feet of wrap-around frontage on the corner of Monroe Ave and E175th St
- Zoning - R8 zoning | Up to 40,066 BSF for residential & 55,760 BSF (UAP) including available air rights from the adjacent lot
- Air Rights - Asset to be delivered with 14,331 SF (residential) or 24,980 SF (UAP) of available air rights from 1790 Weeks Ave
- Transportation - 3-minute walk to the subway lines at 174-175 Streets, and a short walk to the line at 176 Street and at Tremont Station
- Location - Mount Hope is in an active development cycle, with multiple ground-up residential projects in permitting or under construction within blocks of the subject.
Listing Contacts
Listed by RIPCO Real Estate
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