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    3645 Palmer Ave The Bronx, NY 10460

    Sponsored
    For Sale
    $285,000

    28-acre residential lot, R4 zoning.

    Property size:
    2,053 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    396
    This exceptional 28-acre parcel at 3645 Palmer Avenue in the Edenwald neighborhood of the Bronx, New York (zip code 10460), presents a compelling development opportunity. Currently zoned R4, this property offers significant potential. Preliminary plans exist for a 2,053 square foot, two-family house. The lot itself measures 25' x 100.44'. The Edenwald neighborhood is undergoing substantial transformation, including the rehabilitation of 40 buildings within the Edenwald Houses complex, spanning the entire 28 acres. Furthermore, the recently reviewed Bronx Metro-north rezoning plan promises to generate 10,000 new jobs, diversify housing options, and stimulate economic growth in the area. This prime location offers investors a chance to capitalize on this revitalization, creating a valuable asset in a rapidly evolving community. The asking price for this expansive land parcel is $285,000, translating to $144 per buildable square foot based on the preliminary plans. This represents a unique chance to participate in the ongoing development and positive changes within the Bronx.

    Property Features for 3645 Palmer Ave

    General Information

    Property type
    Land
    Square Feet
    2,053 SF
    Lot Size
    1,219,680 SF
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Suggested Use

    Law Firm Restaurant Realty agency Spa & Massage Dental Office Hair Salon Clothing Store Nail Salon Food Market Gym & Fitness

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    The Bronx
    County
    Bronx
    State
    New York
    Longitude
    -73.8801301
    Latitude
    40.841618

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    FAQs

    What type of property is this?
    Land - 28-acre residential lot, R4 zoning.
    Where is this land located?
    The property is located at 3645 Palmer Ave The Bronx, NY.
    What is the asking price?
    The asking price for this property is $285,000.
    (917) 796-7475
    Request Owner's contact information
    3645 Palmer Ave The Bronx, NY 10460
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    The Bronx, NY 10460
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    3645 Palmer Ave The Bronx, NY 10460
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