3498 Fort Independence St The Bronx, NY 10463
- Commercial real estate
Current Use by Public Records
- Commercial real estate
Property Details for 3498 Fort Independence St
- Property type
- Commercial real estate
Description
This exceptional development opportunity presents a 6,200 square foot lot (approximately 50' x 124') in the highly sought-after Kingsbridge section of the Bronx, New York. The property boasts R6 zoning, allowing for a substantial buildable square footage of 13,640, with potential for approximately 20 residential units. The site is a desirable block-through lot with frontage on both Fort Independence Street and Cannon Place. Currently improved with a vacant, three-story, two-family dwelling (3,212 square feet, 22.67' x 54' dimensions) featuring two 3-bedroom, 1.5-bathroom units, the existing structure will be delivered vacant at closing. The building is noted for its solid construction. This prime location offers convenient access to public transportation, situated just 0.3 miles from the 238th Street 1 Train subway station. While there is a slope at the rear of the property, it's not anticipated to significantly impact construction as the entire building envelope can comfortably fit within the first 60 feet of the lot. The strong residential market in the area, with net building rents exceeding $60 per square foot, makes this a compelling investment prospect. The asking price for this remarkable development site is $1,400,000. The address is 3498 Fort Independence Street, Bronx, NY 10463.
Value Estimation
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CAP approach
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Alternative Use
Location Insight
- Map
- Local Demand
- City
- The Bronx
- County
- Bronx
- State
- New York
- Longitude
- -73.8978382
- Latitude
- 40.8824477
