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764 East 221st Street, Bronx, NY 10467

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For Sale

$650,000

Estimated Payment

$      /mo. †

APR for 30 years

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  • Other Residential
    Property type

  • Newly Listed
    Time on Century 21

Explore this Property

Located in Williamsbridge, Block 4668 Lot 87, Bronx, NY 10467, presents a prime development opportunity for developers looking to capitalize on a growing residential market. This midblock lot, spans a total of 2,856 square feet with dimensions of 25x114.25. Zoned R5, the property boasts a Floor Area Ratio of 1.5 under the recently passed zoning resolution. This zoning offers a maximum buildable square footage of 4,284 Sq. Ft with an increase of 2,097 Sq. Ft (air rights)* increasing the total BSF to 6,407. Currently, the property is a vacant lot. Strategically located, the property is within a short distance from multiple subway stations, ensuring ease of transportation to various other parts of New York City. Additionally, this property qualifies for the 485X tax abatement, providing substantial tax benefits and enhancing the overall financial viability of your project. The Eastern Bronx real estate market is undergoing significant growth and revitalization, driven by ongoing developments and an increasing demand for housing. The area's transformation presents a favorable environment for investment. Overall, Block 4668 Lot 87 offers an exceptional development opportunity in a rapidly growing area of the Bronx. The combination of favorable zoning, strategic location, valuable tax incentives, and the potential for significant growth makes this property a prime option for developers looking to make a substantial contribution in the Williamsbridge Community.
MLS# 11399802

Courtesy Of Landair Property Advisors, LLC

(646) 559-4700

Property Features

  • Amenities
    Dock
  • Architecture Style
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Map and Directions

Directions to 764 East 221st Street, Bronx, NY 10467

Home seller CENTURY 21 Dawn's Gold 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 Dawn's Gold Realty

(914) 793-8800
Learn More About Us

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This information is provided for general informational purposes only and should not be relied on in making any home-buying decisions. School information does not guarantee enrollment. Contact a local real estate professional or the school district(s) for current information on schools. This information is not intended for use in determining a person's eligibility to attend a school or to use or benefit from other city, town or local services.

† 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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