1699 Topping Ave

Ariel Property Advisors is pleased to present 1699 Topping Avenue, a mid-block vacant lot in between East 173rd Street and 174th Street in the Mount Hope section of the Bronx The subject property is situated on a 50’ x 95’ lot providing significant 50’ of frontage on Topping Avenue. The R7-1 zoning (FAR: 3.44 on the as-of-right and 4.8 with Community Facility) allows for 16,340 and 22,800 Buildable Sq. Feet (BSF), respectively. The offering comes with approved plans for a 18,961 BSF site, allowing for an almost immediate timetable to commence construction. Proposed unit breakdown consists of 23 one-bedroom apartments, 7 parking spots, and 1 community facility space. Ownership went through a demolition process of all existing structures so the property will be delivered shovel ready. 1699 Topping Avenue is situated in close proximity to the Metro North (Tremont Station), 4, B, and D subway lines allowing easy access to NYC and the other boroughs. With the property’s centralized location, walkable access to retail corridors, and abundance of transportation options, the asset provides a tremendous opportunity for a developer to be a part of the increasing Bronx development market