1601 Van Buren St The Bronx, NY 10460
This exceptional 3,464 square foot vacant lot, located in the desirable Van Nest/Morris Park section of the Bronx, presents a unique investment opportunity. The property, situated at 1601 Van Buren Street, is zoned R5 with a FAR of 1.2, allowing for the construction of up to 4,330 square feet. Approved plans are included for a four-family dwelling, comprising three two-bedroom apartments and one studio apartment. The irregular lot measures approximately 19.33 feet wide by 100 feet deep. This prime location offers convenient access to the 2/5 train line, a variety of shops and restaurants, and the Bronx River Parkway. The property's potential for significant return on investment makes it an attractive proposition for builders and investors alike. The asking price is $350,000. Don't miss this chance to acquire a ready-to-build lot in a thriving Bronx neighborhood. The property is in Bronx County, New York, zip code 10460.
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendComparables
6 recent transactions · within 1.5 miComparable in this City
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Property description
Physical attributes from public recordsZoning & alternative use
No recorded transactions found for this property.
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Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.