• Asking Price $1,050,000
  • Estimated Value: $829,502

  • 1348 FULTON AVE BRONX, NY 10456

  • Townhouse or Condo / Resale (MLS)
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Property Details for 1348 FULTON AVE, BRONX, NY 10456

Features

  • Lot Size: 5175.00 sq. ft.
  • Total Units: 2
  • Stories: 2

Facts

  • Year Built: 01/01/1920
  • Property ID: 897911042
  • MLS Number: 11321342
  • Parcel Number: 02931-0023
  • Property Type: Townhouse or Condo
  • County: BRONX
  • Listing Status: Active

Pre-Foreclosure Info

  • Recording Date: 12/10/2005
  • Recording Year: 2005

Sale Type

This is an MLS listing, meaning the property is represented by a real estate broker, who has contracted with the home owner to sell the home.

Description

This listing is NOT a foreclosure. 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.

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Property Brokerage: Landair Property Advisors, LLC 224 W 30th Street Suite 301 New York NY 10001
Copyright © 2024 My State MLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.


All information provided is deemed reliable, but is not guaranteed and should be independently verified.

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