625 E 222nd Street, Bronx, NY 10467
Local realty services provided by:CENTURY 21 Awaye Realty
625 E 222nd Street,Bronx, NY 10467
$1,160,000
- 4 Beds
- 2 Baths
- - sq. ft.
- Multi-family
- Pending
Listed by: robin j lennon
Office: douglas elliman real estate
MLS#:RLS20047704
Source:NY_REBNY
Price summary
- Price:$1,160,000
About this home
<p> 625 E 222nd St, Bronx, NY 10467 (Alternate: 3900 Carpenter Ave)</p> <p> This corner property presents an excellent investment opportunity for a developer seeking to maximize returns through ground-up multifamily development. Located in the Wakefield neighborhood of the Bronx, this site is poised for redevelopment under NYC's favorable R6A zoning , which allows for significant vertical expansion, offering a residential FAR of 3. The property benefits from its proximity to major transportation hubs , including the 2 and 5 MTA trains and the Woodlawn Metro-North station, making it highly attractive for future occupants who prioritize access to public transportation.</p> <p> Additionally, the site is located within a favorable tax class (2A), which ensures manageable holding costs, and is situated on a major commercial corridor along White Plains Road, providing easy access to shopping, dining, and essential services. The seller can deliver the property vacant (negotiable) , offering developers a clean slate for immediate redevelopment.</p> <p> Key Highlights:</p> Prime Corner Lot: NE corner lot measuring 4,167 sq. ft . with 47 ft x 88.67 ft dimensions. Zoning Potential: R6A zoning with a residential FAR of 3. The current building has an unused FAR of 8,792 sq. ft., allowing for significant development potential (up to 12,501 sq. ft.). Low Real Estate Taxes: Favorable tax class (2A) with annual taxes of $12,790. Transportation Access: o 5 blocks to the 2 and 5 MTA subway lines. o 11 blocks to the Woodlawn Metro-North station. Commercial Corridor: Located nearby White Plains Road, providing convenient access to commercial amenities. Delivery Vacant: Seller to deliver the property vacant, facilitating immediate development. <p> Property Features:</p> <p> <strong>Zoning & Development:</strong></p> <ul> <li>R6A Zoning: Allows for a residential FAR of 3, providing a significant opportunity to build a multiunit building up to 12,501 sq. ft. </li> <li>Unused FAR: 8,792 sq. ft. available for development, providing great potential for additional units and increased rental income.</li> <li>Corner Lot: Natural light, air, and design potential for new construction. </li> </ul> <p> <strong>Strategic Location:</strong></p> <ul> <li>Major Transportation Hub: 5 blocks from the 2 and 5 trains, connecting to Manhattan and other parts of the Bronx. </li> <li>Proximity to Woodlawn Metro-North stop, giving easy access to regional commuters.</li> </ul> <p> Commercial Amenities:</p> <ul> <li>Located nearby White Plains Road, offering residents access to grocery stores, restaurants, and other retail options. </li> </ul> <ul> <li>Strong local demand for units due to proximity to retail and transit. </li> </ul> <p> Favorable Tax Structure: </p> <p> Tax Class 2A: Limits tax increases, making it a cost-effective hold during the development process. </p> <p> Low Annual Taxes: $12,790, contributing to lower carrying costs for the developer. </p> <p> Building Specifications: </p> <p> Current Structure: 3 buildings on the lot, including a 2-story, 4-unit residential building with 3,700 sq. ft. of space. </p> <p> Opportunity for Ground-Up Development: Seller will deliver the property vacant, providing a clean slate for new construction. </p> <p> Development Potential:</p> <p> Maximize FAR: Build up to 12,501 sq. ft. of residential space, potentially allowing for multiple units that cater to the high demand for housing in this well-connected area. Residential Demand: Proximity to transit and commercial corridors ensures high demand for rental units in the area.</p> <p> This property offers a rare opportunity for developers looking to capitalize on a high-demand residential area with underutilized FAR, excellent opportunities to obtain taxation discounts, and strategic access to transit and retail amenities.</p>...
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Home facts
- Listing ID #:RLS20047704
- Added:197 day(s) ago
- Updated:March 19, 2026 at 07:37 AM
Rooms and interior
- Bedrooms:4
- Total bathrooms:2
- Full bathrooms:2
- Rooms Total:15
- Basement:Yes
Structure and exterior
- Levels:1 Story
Finances and disclosures
- Price:$1,160,000
- Tax amount:$13,812
Parking
- Garage:Yes
This information is not verified for authenticity or accuracy and is not guaranteed and may not reflect all real estate activity in the market. © 2026 The Real Estate Board of New York, Inc., All rights reserved. RLS Data display by Coldwell Banker Warburg This advertisement does not suggest that the broker has a listing in this property or properties or that any property is currently available.New listings near 625 E 222nd Street
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