3061 3rd Avenue — Sale in Bronx, NY

  • Price: Contact for price
  • Listing type: For sale
  • Asset type: Commercial Land
  • Location: Bronx, NY 10451

Photos

3061 3rd Avenue — Sale in Bronx, NY, photo 1 of 2
3061 3rd Avenue — Sale in Bronx, NY, photo 2 of 2

Description

Zoned R8/C1-4, the site supports a maximum residential buildable area of 40,746 square feet under the Universal Affordability Preference (UAP) bonus, accommodating approximately 60 residential units. This site is not subject to Mandatory Inclusionary Housing (MIH) and carries zero parking requirements under ZR Section 25-222, preserving the entire buildable envelope for rentable residential area. The UAP affordable housing component pre-satisfies the vast majority of the 485-x affordability threshold, enabling a 35-year property tax exemption at minimal incremental cost and without the construction wage mandate that applies to projects of 100 units or more. Investment Highlights: • This site sits outside MIH Zone A and Zone boundaries. No Mandatory affordable set-asides are required as a condition of development. • The site is fully vacant with no existing structures, eliminating demolition cost, tenant relocation expense, and environmental remediation uncertainty. • R8 is among the highest-density residential designations available in the outer boroughs, with a base FAR of 7.20. The C1-4 overlay permits a broad range of ground floor commercial uses.

Market Context

This land in Bronx, NY is listed for sale. Compare it against other land listings for sale in Bronx, NY — view the full market.

Contact

  • Jake Nowak

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