Assignments

Mixed-Use Development Site on High Visibility East Tremont Corridor

447-449 E Tremont Avenue, Bronx, NY 10457

447-449 E Tremont Avenue, Bronx, NY 10457

under contract

Asking
Sale Price
$
1500000

Property Details

Status
For Sale
Property Type
Residential Development Site
Price Summary
$
1500000
Sale Price
$
Buildable SF
12025
Building SF
12025
LOT SF
12025
Cap RATE
%
Zoning
C4-5X, R7X

Highlights

  • 12,025 BSF as of right or up to 14,430 BSF with UAP
  • 25’ x 95’ lot improved by 2,375 SF commercial building, can be delivered vacant
  • 174 ft to the Metro-North Railroad Tremont Station
  • Proximity to the B & D trains at Tremont Av Station
  • Within 2 blocks of parks, grocery stores, hospital, public library, etc

Property DEscription

Landair Advisors has been exclusively retained to sell 447-449 E Tremont Avenue. Located on one of the Bronx's most active and well-connected commercial corridors, the 25’ x 95’ lot is zoned C4-5X (R7X equivalent), permitting up to 12,025 SF as of right or up to 14,430 SF utilizing the Universal Affordability Preference. The site is currently improved with a 2,375 SF commercial building, which can be delivered at closing. Conveniently located near transit and amenities, the property is by the Metro North Railroad Tremont station, providing access between Midtown Manhattan and Hudson Valley, as well as the B and D subway lines at Tremont Avenue. Beyond transit, the surrounding neighborhood offers strong quality-of-life infrastructure, including Walter Gladwin Park, Richman (Echo) Park, the Tremont Public Library, Gotham Health Hospital and more - the kinds of community anchors that support long-term residential demand. Whether pursuing a ground-up mixed-use or residential development, this site offers a compelling combination of zoning upside, transit access, and neighborhood fundamentals in a borough that continues to attract developer attention.

Map

Maha Alaoui
Senior Associate
(516) 713-7161
malaoui@landairnyc.com
Alexandre Goulet
Partner
(646) 559-4700
ag@landairnyc.com
Anand Melwani
Partner
(646) 559-4700
AM@landairnyc.com

Documents

Offering Memorandum
Data Room

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