Assignments

Rare 50’ Frontage Development Site on High Visibility East Tremont Corridor

870 E Tremont Ave, Bronx, NY 10460

870 E Tremont Ave, Bronx, NY 10460

under contract

Asking
Sale Price
$
2999000

Property Details

Status
For Sale
Property Type
Residential Development Site
Price Summary
$
2999000
Sale Price
$
Buildable SF
25000
Building SF
25000
LOT SF
25000
Cap RATE
%
Zoning
R7X, C1-4

Highlights

  • 50’ x 100’ lot improved by 5,000 SF commercial building, delivered vacant
  • 25,000 BSF as of right or up to 30,000 BSF with UAP
  • 5 blocks to the West Farms Sq-E Tremont Av Station 2 & 5 trains
  • 6 blocks to Bronx Zoo/New York Botanical Garden
  • Proximity to the Metro-North Railroad Tremont station

Property DEscription

Landair Advisors has been exclusively retained sell 870 East Tremont Avenue, a development site positioned along one of the Bronx’s most heavily trafficked and accessible commercial thoroughfares. The property spans a 50’ x 100’ lot and is situated within an R7X/C1-4 zoning district, allowing for 25,000 buildable square feet as-of-right, with the potential to increase to 30,000 square feet through the Universal Affordability Preference program. The site is currently improved with a 5,000 square foot commercial structure, which will be delivered vacant at closing. The location benefits from strong connectivity, with convenient access to the 2 and 5 subway lines, as well as the nearby Metro-North Tremont station offering direct service between Midtown Manhattan and the Hudson Valley. The surrounding area is supported by a wide range of established community amenities, including the New York Botanical Garden, Bronx Zoo, Tremont Library, and Gotham Health, in addition to numerous educational institutions. These neighborhood drivers continue to underpin steady residential demand and long-term growth. 870 East Tremont Avenue presents an opportunity to capitalize on favorable zoning, solid infrastructure, and a proven residential market, making it well-suited for a mixed-use or residential development strategy

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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