2846 Webster Ave
25,000 SF Specialty Building Offered at $7,149,500 in Bronx, NY 10458
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INVESTMENT HIGHLIGHTS
- Potential site for affordable or market rate housing project, school, government building, assemblage or boutique hotel/motel.
- Webster Avenue is a major retail destination.
- 59,220 SF overlooking the New York Botanical Gardens.
EXECUTIVE SUMMARY
Suitable for affordable and market-rate residential or hotel projects. Excellent ground floor retail potential along Webster Avenue.
Lot Area 12,767 Square Feet 59,220 SF Buildable
100’x141’ Irregular Potential
C4-5D FAR of 5.6 R7D PERMITTED USE GROUPS 1-6, 8-10, 12
*Also available for repurposing or redevelopment as Warehouse or Institutional or Non-Profit or Medical or House of Worship or School or Dormitory or Government Use or Community Facility through long-term ground lease.
FINANCIAL SUMMARY (ACTUAL - 2024) |
ANNUAL | ANNUAL PER SF |
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Gross Rental Income |
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Other Income |
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Vacancy Loss |
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Effective Gross Income |
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Net Operating Income |
$300,000
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$12.00
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PROPERTY FACTS
AMENITIES
- Metro/Subway
ABOUT 2846 WEBSTER AVE , BRONX, NY 10458
Existing Two-Story Parking Garage to be repurposed as a DEVELOPMENT site. Pricing should anticipate 71,495 SF Inclusionary Housing buildable "as-of-right". Asking $100 psf. 100' Frontage on busy Webster Avenue for ground floor retail. Metro North station at NY Botanical Gardens. Nearby D line MTA subway. Long-term ground lease proposals will be considered. Excellent location within easy walking distance of New York Botanical Garden. Metro North train station. Bedford Park D subway service.
PROPERTY TAXES
Parcel Number | 03273-0114 | Improvements Assessment | $574,110 |
Land Assessment | $229,500 | Total Assessment | $803,610 |
ZONING
Zoning Code | C4- (5D and R7D) |