216 East 175th Street
Bronx Development Site | 40,066 Residential BSF
Marketing description
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
#1 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
#2 Zoning
R8 zoning | Up to 40,066 BSF for residential & 55,760 BSF (UAP) including available air rights from the adjacent lot
#3 Air Rights
Asset to be delivered with 14,331SF (residential) or 24,980 SF (UAP) of available air rights from 1790 Weeks Ave
#4 Transportation
3-minute walk to the B & D subway lines at 174-175 Streets, and a short walk to the 4 line at 176 Street and at Tremont Station
#5 Location
Mount Hope is in an active development cycle, with multiple ground-up residential projects in permitting or under construction
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