3242 Riverdale Ave
0.25 Acres of Commercial Land Offered at $2,900,000 in Bronx, NY 10463
INVESTMENT HIGHLIGHTS
- Prime Redevelopment Location on Riverdale Avenue
- Steps away from multiple public transportation stops
- In close proximity to many restaurants and retail stores
EXECUTIVE SUMMARY
Take advantage of the newly passed 485X Tax Abatement. Great location in Riverdale.
Delivered Vacant
PROPERTY FACTS Under Contract
| Price | $2,900,000 |
| Sale Type | Investment |
| No. Lots | 1 |
| Property Type | Land |
| Property Subtype | Commercial |
| Total Lot Size | 0.25 AC |
1 LOT AVAILABLE
Lot
| Price | $2,900,000 |
| Price Per AC | $11,680,454.97 |
| Lot Size | 0.25 AC |
A development site with an as-of-right zoning entitlement to 32,445 residential buildable SF. The density allowance can be further increased to 51,912 SF with the inclusion of a community facility component
DESCRIPTION
Riverdale is an upscale, family-friendly, attractive neighborhood along the Hudson River. Riverdale was once a summer retreat for wealthy New Yorkers, who built large estates and Tudor-style mansions along the cliffs overlooking the Hudson River and the Palisades. Many of these properties still remain, which lends an upscale, polished atmosphere to the neighborhood's windy, tree-lined streets. With its wide lawns, quiet residential streets, and colorful main commercial drag along Riverdale Avenue, the neighborhood has a friendly, small-town vibe.
ZONING
| Zoning Code | R6 |
