964-968 East 167th Street

964-968 East 167th Street

Bronx, NY 10459
$1,750,000

CONTACT

Principal
212-875-1800 Ext. 2
Director
212-875-1800 Ext. 6
  • Development Site Advisors has been retained on an exclusive basis to arrange for the sale of 964, 966, and 968 East 167th Street in the Bronx.
  • The subject property consists of three (3) contiguous buildings that contain six (6) residential units and two (2) commercial units.
  • This property offers 58 feet of frontage on East 167th Street in an area that is undergoing rapid redevelopment.
  • 964, 966, and 968 East 167th Street are located in the proposed Southern Boulevard Rezoning Study Area, potentially increasing the ZFA of the site in the near future.
  • The Property is in a recently designated Opportunity Zone, allowing for a long term holder to defer and even eliminate capital gains tax.
  • The Property is well located, within walking distance of three different subway lines: the 2, 5, and 6
  • The Property has about ±13,500 ZFA in air rights for future development, a total of ± 21,000 as-of-right ZFA for the 3 combined lots.
  • If one was to use the facility bonus, the total ZFA is increased to ± 25,200 ZFA.
  • The Property is surrounded by parks, playgrounds, restaurants, schools, and other residential services that add to the desirability of the area.
Location Description
Located
Borough/Block/Lot
Borough: Bronx Block: 2744 Lot: 23 | 24 | 25
Neighborhood
Lot Size
5250
Existing SF
5250 SF
Building Class
1
Assessed Value
$1,750,000.00
R.E. Taxes
Subway Access 256
Bus Lines
Community District
Zoning District
Max ZFA with Bonuses
25,200
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964-968 East 167th Street

Bronx, NY 10459
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CONTACT

Principal
212-875-1800 Ext. 2
Director
212-875-1800 Ext. 6