3966 10th Avenue
New York, NY 10034
$11,250,000
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- Development Site Advisors has been exclusively retained for the sale of a mixed use development opportunity located at 3966 10th Avenue, a southwest corner of West 212th Street and 10th Avenue in the Inwood section of Manhattan.
- The corner development site boasts close to 200’ of wrap-around frontage and totals 9,992 SF.
- The scarcity of sizable development sites in this area positions 3966 10th Avenue as a truly unique opportunity in one of New York City’s most vibrant residential submarkets.
- Located within a C4-4D zoning designation, the site allows for a maximum ZFA of 7.20 with the Mandatory Inclusionary Housing bonus, which equates to 71,942 total buildable square feet.
- Additionally, this area of Inwood is a designated Opportunity Zone.
- The Property can also benefit from the FRESH Program, allowing up to 20,000 additional residential square feet.
- The property is a prime opportunity for a developer to capitalize on the new re-zoning of Inwood.
- Transportation is also ideal, as the site is easily accessible to Midtown Manhattan, utilizing both the A and 1 subway lines, which are 2.5 blocks away.
Location Description
On the southwesterly corner of West 212th Street and 10th Avenue
Borough/Block/Lot
Borough: Northern Manhattan Block: 2229 Lot: 25
Neighborhood
Lot Size
9992
Existing SF
4500 SF
Building Class
Auto Repair - G2
Assessed Value
$11,250,000.00
R.E. Taxes
Special District
Residential FAR | ZFA
7.20 | 71,942
Commercial FAR | ZFA
3.40 | 29,473
Facility FAR | ZFA
6.50 | 64,948
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