390 197th St Bronx, NY 10458-3702

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.