368 East 152nd Street

Empty lot (55' x 115') zoned R7-1 at 368 East 152nd Street, a quiet street in the Melrose neighborhood of the South Bronx. Super location for residential development. Three blocks from Bronx HUB and subway with #2, #5 trains (at 149th street and 3rd Ave.) Property is located on the south side of 152nd Street between Cortland and Melrose. R7-1 zoning has as-of-right potential for 21,823 SF Residential (FAR 3.44) or 30,451 SF building with Community Facility (FAR 4.8). Area is PRIME Bronx up-and-coming residential neighborhood, with many restaurants, shops, and recreational amenities. Community garden, supermarkets, hardware store, banks, Citybikes, Blink gym and church within 3 block radius. 20 minute commute into midtown Manhattan. Land is in Opportunity Zone + has potential for J-51 abatement. Included in purchase: DOB approved plans for 28 unit residential building with 8 parking spots and Community Facility, boorings, engineering, survey, Phase 1, electricity on the lot. Very low carrying charges and property taxes.