Prime R8 Development Opportunity – 108 East 179th Street, Bronx, NY
Exceptional opportunity to acquire a 20’ x 80’ lot (1,600 SF) located in a strong Bronx corridor, currently improved with a multiple dwelling walk-up (approx. 2,700 SF existing).
Zoned R8, this site offers significant upside for redevelopment:
Maximum Buildable SF: ~11,520 SF (FAR 7.2)
Projected Unit Count: ~17 residential units
No Front or Side Yard Requirements
Rear Yard: 30’ (shallow lot adjustment eligible)
Lot Coverage: Up to 65% (with adjustment potential)
Height Potential: 115’–135’
Base Height: 85’–95’ before setback
This property is ideal for developers looking to capitalize on high-density residential zoning in a growing Bronx submarket. The configuration allows for efficient unit layouts and strong rental potential.
Full redevelopment play with clear zoning parameters and scalability.
108 179th Street, Bronx, NY, 10453
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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