2846 Webster Ave

25,000 SF Specialty Building Offered at $7,149,500 in Bronx, NY 10458

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

Development site for Sale or Long-term Ground Lease. Will consider sale based upon ZFA 59,220 SF. Easy walking distance from D Line Subway, Metro North Station, and Bronx Botanical Gardens.
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.

ATTACHMENTS

Zoning Analysis

FINANCIAL SUMMARY (ACTUAL - 2024)

ANNUAL ANNUAL PER SF
Gross Rental Income - -
Other Income - -
Vacancy Loss - -
Effective Gross Income - -
Net Operating Income $300,000 $12.00

PROPERTY FACTS

Price $7,149,500
Price Per SF $286
Sale Type Investment or Owner User
Sale Conditions
Ground Lease (Leasehold)
  • Redevelopment Project
Property Type Specialty
Property Subtype
Self-Storage
  • Specialty Movie Radio TV Studio
  • Specialty Schools
  • Specialty Shelter
Building Class C
Lot Size 0.29 AC
Building Size 25,000 SF
No. Stories 2
Year Built 1920
Tenancy Single
Parking Ratio 5.2/1,000 SF

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.

Walk Score®
Very Walkable (79)
Transit Score®
Rider's Paradise (100)

PROPERTY TAXES

ZONING

Zoning Code C4- (5D and R7D)
  • Listing ID: 15908762

  • Date on Market: 4/30/2019

  • Last Updated:

  • Address: 2846 Webster Ave, Bronx, NY 10458