3645 Palmer Ave The Bronx, NY 10460
Premiere Real Estate Group Inc. Presents the Exclusive Opportunity to Purchase a Development Site Located at 3645 Palmer Avenue in the Edenwald Neighborhood of the Bronx. the Site is Composed a 25’ X 100.44’ Vacant Lot and is Situated in the R4 Zoning District. There Are Preliminary Plans to Construct a Two-family House Totaling 2,053 Buildable Square-feet. the Site is Positioned Within the Heart of Edenwald. the Neighborhood is Currently Experiencing Massive Changes Including the Rehabilitation of the Edenwald Houses Which Will Affect 40 Buildings Spreading Across 28 Acres. in Addition, the Bronx Metro-north Rezoning is Recently in Public Review. It is Proposed That These Plans Will Create 10,000 New Jobs, Provide Housing Options for Different Residents, and Improve Economic Development.
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.
Costs & Benchmarks
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Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.