3103 Arlington Ave

Ariel Property Advisors presents 3103 Arlington Avenue, a rare offering suitable for residential or community facility uses in the Riverdale neighborhood of the Bronx. With a 32,899 square foot lot spanning the entire north side of West 231st Street between Arlington Avenue and Fairfield Avenue, the opportunity consists of two components. The property is improved by a 5-story, 14,247 (approximately) square foot elevator building at the northwest corner of West 231st Street and Arlington Avenue that will be delivered vacant. In its current configuration, the entry level contains a large kitchen that services the entire building, a dining room, a laundry facility, multiple bathrooms, storage spaces, offices and mechanical rooms. The first floor consists of a large community space, a lounge area and three sleeping quarters. The second, third and fourth floors each contain 5 large suites with sleeping areas and a private bathroom. The property has been very well maintained and recently received a $2 million renovation that went towards interior, mechanical and exterior improvements. The property’s condition, central location and layout make it an ideal opportunity for religious organizations, educational institutions, daycare providers, non-profits and, potentially, long-term care facilities. Vacant land surrounding the building is currently improved by a parking lot, gardens and recreational space. Buyers can choose to continue to utilize the land as it is currently or can pursue other development options consistent with R2 zoning, including subdividing the property into lots that can accommodate single-family homes or pursuing potential community facility uses with greater density. 3103 Arlington Avenue enjoys a central Riverdale location amidst quiet, tree lined streets. It is a short walk to Ewen Park, Seton Park and Henry Hudson Park, and enjoys close proximity to several religious facilities, nursing facilities, schools and medical centers. There are several nearby retail corridors including Johnson Avenue, Riverdale Avenue, and Broadway. These corridors are home to several nationally recognized names including Starbucks, Chipotle, Rite Aid, Bank of America, McDonald’s, Stop & Shop, and many more. Easy access to Manhattan and the broader New York metro area is provided by the 1 train at Broadway and West 231st Street and the Metro-North train at the Spuyten Duyvil and Riverdale stations, as well as the Henry Hudson Parkway and Major Deegan Expressway. Given its prime location, excellent condition and variety potential uses, 3103 Arlington Avenue represents a unique opportunity for owner-users and non-profit organizations in Riverdale.