568-L W 261St St Bronx, NY 10471

This land presents a development opportunity in the North Riverdale community. Suited for building a custom home or for a builder specializing in high-net-worth housing, the property is located minutes from Manhattan. The owner is offering a 65 x 100 subdivision of the present 65 x 206 lot. The property, identified as BLOCK 5953 / LOT 367, is zoned R1-2, which allows for a detached single-family home. Minimum requirements include a lot area of 5,700 square feet, a lot width of 60 feet, a rear yard of 30 feet, side yards totaling 20 feet, an open space ratio of 150, and a MAX FAR of .5. The sky exposure plane starts at 25 feet, with a DU factor of 2,850 and required parking of 1 per DU. The owner will file subdivision paperwork with signed contracts. With a 6,500 sq. ft. footprint and a .5 Max FAR, the base calculation for a single-family home should be approximately 3,250 sq. ft. The property is located in a community where a comparable home recently sold for $2,037,300. There is potential for an additional 700 - 800 sq ft due to recent ADU legislation passed. The subdivision includes the back lot portion, not the front lot where the home is situated. It is located in an X rated non-flood zone and has a Special Natural Area District (SNAD) overlay applicable. The lot size is approximately 0.1537 acres.