DEVELOPMENT FOR SALE

145 EAST 162 STREET, BRONX, NY

ONE OF THESE STYLISH APARTMENTS CAN BE YOURS

THIS IS THE FIRST LUXURY BUILDING IN THE AREA OF IT'S KIND OFFERING RESIDENCES WITH FULL-HEIGHT WINDOW WALLS AND BALCONIES, MODERN FINISHES AND STATE-OF-THE-ART AMENITIES.

THE PROJECT

Development for Sale in the heart of Melrose. Developing Lot 25*100, R7-2 zoning, with DOB approved plans for a 4 story condominium building with 8 units, right next to Bronx Music Hall, close to Prominent, yankee Stadium, Grand Concourse, subway and major highway.

THE AREA

 

The Bronx area's newly developed projects accounted for only 13% of New York City from 2010-2015 increased to 23% in 2016 and reached to 27% in the first half of 2018. These data shows that government and developers' emphasis on the future development in Bronx.

PROPERTY DETAILS

CURRENT OWNER

415 E 162nd LLC

LAND USE

MULTI-FAMILY WALK-UP BUILDINGS

LOT AREA / LOT FRONTAGE / LOT DEPTH

2500 SF / 25 FT / 100 FT

YEAR BUILT

1899

BUILDING CLASS

WALK-UP APARTMENTS - 3 FAMILIES

TOTAL # OF UNITS

3 RESIDENTIAL UNITS

ZONING

R7

NUMBER OF FLOORS

3 FLOORS

GROSS FLOOR AREA

 

2544 SF

 

FLOOR AREA RATIO

 

RESIDENTIAL FAR 3.44

FACITLY FAR 6.5

FAR AS BUILT 1.02

ALLOWED UABLES FLOOR AREA 8600

USABLE FLOOR AREA AS BUILT 2550

UNUSED FAR 6050

LOCATION

IN THE BUSY NEIGHBORHOOD OF MELROSE IN BRONX

 

CURRENT CONDITION

 

THE LOCATION CURRENTLY HAS AN OLD THREE STORIES

BUILDING BUILT FROM 1899. REBUILD OR REMODEL IS NECESSARY.

PRICE GROWTH TRENDS

Melrose, which is our project is located had 1,027 new units last year. The Bronx area's newly developed projects accounted for only 13% of New York City from 2010-2015 increased to 23% in 2016 and reached to 27% in the first half of 2018.

These data shows that government and developers' emphasis on the future development in Bronx. We hope to grasp the opportunity of future appreciation at an earlier time.

COMMUNITY

83 PUBLIC SCHOOLS

25 HOSPITALS AND CLINICS

1 PUBLIC LIBRARY

49,851 PERSONS PER SQ MI

22 PARKS

212.381.0596

INFO@SPiRALNY.COM

575 FIFTH AVENUE, FLOOR 14

NEW YORK, NY 10017

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