390 197th St Bronx, NY 10458-3702
- Auto shops
- 3,720 SF
- 0.12 lot acres
Current Use by Public Records
- Auto shops
Property Details for 390 197th St
- Year built
- 1914
- Lot size
- 0.12 lot acres
- Property size
- 3,720 SF
- Zone code
- R7D
- Property type
- Auto shops
- APN
- 03278-0031
- APU
- 32780031
Description
This exceptional 5,196 sq ft lot at 390 E 197th St, Bronx, NY 10458, presents a unique development opportunity. Zoned R7D and C2-4, it offers a generous 5.6 Floor Area Ratio, allowing for approximately 29,098 sq ft of buildable space. Currently generating income from two industrial units and a residential apartment, this mid-block site between Webster Ave and Decatur Ave is ideally positioned in Fordham's thriving residential market. Its proximity to Fordham University and a subway station ensures high demand. The property is eligible for the 485x tax abatement, significantly enhancing its financial viability. This combination of favorable zoning, high demand location, existing income stream, and substantial tax benefits makes this a compelling investment for developers seeking a high-return project in a rapidly growing area of the Bronx. The lot dimensions are 51' x 100'. The asking price is $2,350,000.
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
- Bronx
- County
- Bronx
- State
- New York
- Longitude
- -73.8874
- Latitude
- 40.8655
- CBSA code
- 35620
- CBSA name
- NEW YORK-NORTHERN NEW JERSEY-LONG ISLAND, NY-NJ-PA METROPOLITAN STATISTICAL AREA
