This 15,000 square foot assemblage presents a great opportunity for development directly across from the new Metro North train station estimated for completion in 2027. In a diverse employment section at the corner of Eastchester Rd and Morris Park Avenue, neighboring Albert Einstein Medical Center, Jacobi Hospital, Yeshiva University and Calvary Hospital.
Morris Park's Zoning initiative is to encourage the development an additional 7,000 units to the area. Current Zone is C4-4. MIH option 2 for residential housing.
Zoning will allow for a new residential building with 119,145 Gross Buildable Area (Includes 15,000 Square Foot Parking on Level 1) and 89,900 ZFA or 99 Units.
Two existing industrial buildings on the premises include an approximately 10,000 square foot mixed use building with 5,000 square feet of industrial space and 5,000 square feet of office space on the top level. Second structure is an 5,000 square foot industrial space.
1431 Bassett Avenue, Bronx, NY, 10461
The rates and annual percentage rate (APR) displayed are based upon the following assumptions: a 20% down payment (e.g. $20,000 down on a $100,000 purchase price), conforming loan amount, $1,950 in finance charges, 30 days prepaid interest, 1 point, 30 day rate lock. The rates and annual percentage rate (APR) will vary depending upon the actual down payment percentages, points and fees for your transaction. Rates and the margin for adjustable rate mortgages [if applicable] are subject to change without prior notice and may vary with your unique credit history, and terms of your loan. The rates displayed vary by property state, may change or not be available at commitment or closing or may be subject to product restrictions.
The Initial Interest Rate and Initial Principal & Interest Payment are fixed for the first five years (for a 5/6 ARM) or seven years (for a 7/6 ARM) and adjust every six months thereafter for the remainder of the loan term. The Interest Rate and annual percentage rate may increase after consummation. The Index for this product is the SOFR. The margin for this adjustable rate mortgage may vary with your unique credit history, and terms of your loan. Mortgage Rates are subject to change, loan amount and product restrictions and may not be available for your specific transaction at commitment or closing. Rates, and the margin for adjustable -rate mortgages [if applicable], are subject to change without prior notice.
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