1038 Underhill Avenue

$499,900

About This Property

Opportunity to develop on a lot near all multiple transportation options. Accessible to the Parkchester Community, Shopping on White Plains Road, Schools, Highways, buses, trains, and parks. As of right, WITHOUT the facility FAR, an eight (8) unit, free market residential building can be developed ( please verify with your own PM). With the facility FAR and inclusionary, transitional, and affordable housing programs, there are more possibilities to create a building that will serve the needs of all parties involved. The property is currently zoned R5, residential with a a permissible 5400 buildable sf as of right and 8654 Facility FAR. Please seek advisement on the possibility of zoning change to meet NYC Zoning for Quality and Affordability or / and Mandatory Inclusionary Housing. The lot is 25 wide by 173 feet deep.

Essential Information

MLS® #H6008062
Price$499,900
Acres0.00
TypeCommercial Sale
Sub-TypeMixed Use
StatusActive

Community Information

Address1038 Underhill Avenue
SubdivisionSoundview/Parkchester
CityBRONX
CountyBronx
StateNY
Zip Code10472

Interior

HeatingOther, None
CoolingNone

School Information

DistrictBronx 10

Additional Information

Date ListedJanuary 28th, 2020
Days on Market105
ZoningR5

Listing Details

Listing Courtesy ofKeller Williams Realty NYC Grp

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Listing information last updated on May 27th, 2020 at 1:00am CDT.

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