Calling all developers! Morris Heights development opportunity with potential to build a 16-18 unit apartment building. Lot is 25' x 100' with R8 zoning and a max res. FAR of 6.1, allowing for up to 15,050 buildable sq ft. Great for a 5-6 story building. There is an existing multi-family structure on the property that is sold as is with the lot. An excellent location 1 block from Grand Concourse and major shopping. Close to subway train #B, D & 4. Close to buses Bx1,2,32,36,40,42. An excellent investment opportunity! Projected Net operating income of over to $325,000 on the finished building! Seller is preferable to a joint venture.
Listing courtesy of ONEKEY / Exp Realty
Last updated May 15, 2021
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MLS# H6109821 —
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No Common Walls
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Between 181st st & W Burnside.
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Heating & Cooling
P.S. 279 Capt Manuel Rivera Junior
Theatre Arts Production Company School
Academy For Language And Technology
Eagle Academy For Young Men
Pulse High School
GreatSchools scores are based on a scale from 1 to 10, where 10 is above average.
The school service areas are not definitive and should only be used as guidance. GreatSchools Ratings provided by
This property has
minimal flood risk
This property has a . Although flood risks across the country are changing because of the environment, this property is unlikely to flood over the next 30 years.
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Apr 19, 2021
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