1905 Vyse Avenue

West Farms, Bronx, NY 10460

For sale are two adjacent development sites located at 1903 & 1905 Vyse Avenue in the Bronx, NY. These sites collectively offer 7,238 square feet of development potential with a combined frontage of 50 feet and a depth of 144 feet. The properties are zoned R7-1, featuring a floor area ratio (FAR) of 3.44 which allows for the construction of up to 25,000 square feet of zoning floor area (ZFA). Strategically positioned just steps from the West Farms & Boston Road subway stop, the location ensures easy access to Manhattan within 35 minutes, enhancing commuter connectivity. The property is primed for a residential project under the newly enacted tax abatement program, 485-x Affordable Neighborhoods for New Yorkers (ANNY), presenting an appealing opportunity for rental developers. The allowable construction can go up to an 8-story building with approximately 36 units, making it an optimal choice for maximizing residential capacity and meeting urban housing demands. This offering represents a unique investment in a rapidly developing area, poised for significant growth and profitability.

This is an Active listing.

Broker Office Phone Number: 646-559-4700

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