Bronx Development Opportunity: 7
For Sale
$594,999
880 Home St The, Bronx, NY 10459
Vacant 3-family with plans for a 7-unit apartment building.
Property SizeContact for details
Lot Size0.04 Acres
Days on Market108
Property Features for 880 Home St The
General Information
Standard status
Active
Lot size
0.04 Acres
Property subtype
Investment
Taxes and HOA fees
Annual Taxes
$2,878
Building Details
Year Built
1901
Units
3
Listing Agency:
Compass
(347) 771-7288
Listed By:
Mahir Sadman SFR
(347) 771-7288
Source:
Elliman
Added: Apr 24
Changed: Aug 8
Last Checked: Jul 16 at 11:10AM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Compass
Investment Insights
Based on property information with market context.
Located in the Bronx, 880 Home Street is a vacant 3-family property that offers a development opportunity. The property will be delivered vacant and has proposed architectural plans for a new 4-story, 7-unit apartment building. The existing building is a 3-family structure situated on a lot of approximately 1,557 square feet with 16.93 feet of frontage along Home Street. The proposed plans include a code-compliant 4-story, 7-unit residential building, featuring studio apartments and a commercial space. The commercial unit is planned for the first floor, with two studio units per floor on floors two through four. The proposed development has a FAR of 2.92, below the maximum allowable 3.44 under R7-1 zoning. The proposed building height is 37 feet 10 inches, with 9-foot 4-inch floor-to-floor ceiling heights. The site is not in a flood zone according to FEMA mapping, and no parking is required under current zoning for buildings with fewer than 10 residential units. The proposed building design incorporates a fire sprinkler system and Type IIA construction, with unit layout and egress designed to meet NYC Building Code compliance. The location has a walk score of 80, indicating it is very walkable, a bike score of 74, indicating it is very bikeable, and a transit score of 100, indicating it is a rider's paradise. This property presents an opportunity for a streamlined path to a 7-unit rental building.
Key Highlights
- Development opportunity with proposed architectural plans for a 4‑story, 7‑unit apartment building.
- Delivered vacant, eliminating tenant relocation concerns and enabling immediate action.
- Located in a neighborhood with ongoing new development.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
4,253
Businesses Nearby
Explore this area
Business Placement
Demographics for 10459, NY
50,984
Population
18,678
Households
2.7
Avg Household Size
34
Median Age
14%
College-Educated
68%
High-School Grad
0.8 sq mi
ZIP Area
63,730
Density / Sq Mi
$39,276
Median Household Income
$30,200
Median Earnings
$1,285
Median Rent
$589,500
Median Home Value
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Residential land & home lot - Vacant 3-family with plans for a 7-unit apartment building.
Where is this residential land & home lot located?
The property is located at 880 Home St The Bronx, NY.
What is the asking price?
The asking price for this property is $594,999.
What are key features of this property?
This property features: Development opportunity with proposed architectural plans for a 4‑story, 7‑unit apartment building.; Delivered vacant, eliminating tenant relocation concerns and enabling immediate action.; Located in a neighborhood with ongoing new development.
