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1348 Fulton Avenue, Bronx, NY 10456

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For Sale

$1,050,000

Estimated Payment

$      /mo. †

APR for 30 years

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Explore this Property

Located at 1348 Fulton Avenue in the Bronx, this development site offers a considerable 5,175 square feet of space with a 25' x 205' lot. It's zoned R6 with a Floor Area Ratio (FAR) of 2.2, allowing for a buildable area of approximately 11,385 square feet. The property, situated just 0.9 miles from the 167th Street subway stop, offers easy access to Manhattan. This site is currently generating $67,032 in gross income from two month-tomonth tenants, and is delivered vacant, making it immediately available for development. The deep lot provides substantial space for construction, and the property holds the potential for a 6-story building with around 16 residential units. The recent implementation of the 485-x tax abatement, under the Affordable Neighborhoods for New Yorkers ("ANNY") program, enhances the attractiveness of this opportunity, offering significant tax incentives for developers focused on rental housing. This property is well-suited for a rental developer or investor looking to capitalize on the growth and potential of the Bronx.
MLS# 11321342

Courtesy Of Landair Property Advisors, LLC

(646) 559-4700

Property Features

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Directions to 1348 Fulton Avenue, Bronx, NY 10456

Home seller CENTURY 21 Milestone Realty

Get to know the neighborhood. A local affiliated CENTURY 21 office will help you set up tours, give advice, and negotiate with sellers.

CENTURY 21 Milestone Realty

(718) 291-7000
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† Based on a 30-year fixed rate of 3.38% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Interest rates are also subject to credit and property approval based on secondary market guidelines. The rates shown are based on average rates for our best qualified customers. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.

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