1431 Bassett Ave, Unit The Bronx, NY 10461

This 15,000 square foot assemblage offers a development opportunity near the new Metro North train station, estimated for completion in 2027. Situated at the corner of Eastchester Rd and Morris Park Avenue, in a diverse employment section, the property is near Albert Einstein Medical Center, Jacobi Hospital, Yeshiva University, and Calvary Hospital. The Morris Park zoning initiative aims to encourage the development of an additional 7,000 units in the area. The current zone is C4-4, with MIH option 2 for residential housing. Zoning allows for a new residential building with 119,145 Gross Buildable Area, including 15,000 square feet of parking on Level 1, and 89,900 ZFA or 99 Units. Two existing industrial buildings are on the premises: one approximately 10,000 square foot mixed-use building with 5,000 square feet of industrial space and 5,000 square feet of office space on the top level, and a second 5,000 square foot industrial space.