3645 Palmer Ave The Bronx, NY 10460
- Commercial real estate
- 2,053 SF
- 28.00 lot acres
Current Use by Public Records
- Commercial real estate
Property Details for 3645 Palmer Ave
- Lot size
- 28.00 lot acres
- Property size
- 2,053 SF
- Property type
- Commercial real estate
Description
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.
Value Estimation
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CAP approach
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Comparable approach
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Alternative Use
Location Insight
- Map
- Local Demand
- City
- The Bronx
- County
- Bronx
- State
- New York
- Longitude
- -73.8801301
- Latitude
- 40.841618
