551 169Th St The Bronx, NY 10456

This 8,300 square foot former church building at 551 E 169th St, The Bronx, NY 10456, is offered for sale at $1,975,000 ($237.95/sq ft). Situated on a 4,425 square foot lot (APN 02925-0092), this property presents a unique redevelopment opportunity in the vibrant Morrisania neighborhood. The building, currently zoned R7-1, allows for a maximum residential floor area ratio (FAR) of 3.44, translating to approximately 15,222 buildable square feet. This presents significant upside potential for developers and investors seeking to capitalize on the growing demand for residential and mixed-use developments in the area. The location offers convenient access to public transportation, schools, parks, major highways, and downtown Manhattan. The property is ideal for those seeking a project in a thriving community with ongoing development initiatives. While the existing structure requires substantial rehabilitation or demolition, the zoning and location make this a compelling investment prospect. The property is being sold as-is.