3353-3355 3rd Ave

This is a package deal: 3355 & the adjacent property at 3353 Third Avenue together are a prime development site on bustling Third Avenue in the Morrisania section of the Bronx. Located less than 5 minutes to the Hub of the Bronx, resembling a mini-Times Square, which is the oldest major shopping locale in the Bronx, the location earns a high walking score making it attractive for residential development. Already home to several new development projects, this section of the South Bronx, near to retail, theater, and restaurants has quickly become an eye-catching opportunity for the saavy developer. The subject property is comprised of 2 adjacent lots: 3353 Third Avenue, currently with an existing 1-story warehouse built , has lot dimensions of 25 x 111, zoned as M1-1/R7-2/MX-7; MAX Residential FAR of 3.44, Facility FAR 6.5 and commercial FAR 1; 3355 Third Avenue, also with an existing 1-story warehouse built, has lot dimensions of 25 x108, zoned as M1-1/R7-2/MX-7, MAX Residential FAR of 3.44, Facility FAR 6.5 and commercial FAR 1. Combined, 3353 & 3355 Third Avenue offer 18,834+(min) of buildable square feet with the potential for MAX FAR of 4 with a wide street allowance as of right (Third Avenue is in excess of 75ft wide). At MAX FAR of 4 the subject property offers a combine of approximately 22,000 buildable sqft. Immediately adjacent to the subject property, 3361 Third Avenue, which property carries the same zoning and similar lot size, currently exists a beautifully designed and newly constructed 63-unit, 7-story rental building. Transportation includes BX15,BX41,BX21, BX6 and the Metro North at the Melrose Station.*Note: Both 3353 & 3355 Third Avenue are being sold together for $1.050mm* * Consult your architect for confirmation of zoning allowances, etc.* Call for your appointment to view today!