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2850 Decatur Avenue, Bronx, NY 10458

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For Sale

$860,000

Estimated Payment

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APR for 30 years

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Explore this Property

Located in the Northwest Bronx, 2850 Decatur Ave, Bronx, NY, presents a prime development opportunity for investors and developers looking to capitalize on the area's expanding residential market. This midblock lot spans a total of 2,898 square feet with dimensions of 25.5x113.58. Zoned R7B, the property offers a Floor Area Ratio (FAR) of 3.0, allowing for a maximum buildable square footage of 8,688 Sq. Ft. Currently, the lot includes a 3,860 square foot building, which will be delivered vacant, providing immediate redevelopment potential. Strategically positioned, the property is within close proximity to multiple subway stations, ensuring seamless access to various parts of New York City. Additionally, this property qualifies for the 485X tax abatement, providing substantial tax benefits and enhancing the overall financial feasibility of your development project. The Northwest Bronx real estate market is experiencing significant growth and revitalization, fueled by ongoing developments and an increasing demand for housing. The area's transformation creates a favorable investment climate, making this an attractive opportunity for builders and investors. Overall, 2850 Decatur Ave offers a unique development opportunity in a rapidly growing section of the Bronx. With favorable zoning, a strategic location, valuable tax incentives, and strong growth potential, this property stands out as a prime option for developers looking to make a lasting impact in the Northwest Bronx community.
MLS# 11461048

Courtesy Of Landair Property Advisors, LLC

(646) 559-4700

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Directions to 2850 Decatur Avenue, Bronx, NY 10458

Home seller CENTURY 21 Milestone Team 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 Team Realty

(718) 291-7000
Learn More About Us

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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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