2850 Decatur Ave

Located in the Northwest Bronx, 2850 Decatur Ave, Bronx, NY, presents a prime development opportunity for investors and developers looking to capitalize on the area's expanding residential market. This midblock lot spans a total of 2,898 square feet with dimensions of 25.5x113.58. Zoned R7B, the property offers a Floor Area Ratio (FAR) of 3.0, allowing for a maximum buildable square footage of 8,688 Sq. Ft. Currently, the lot includes a 3,860 square foot building, which will be delivered vacant, providing immediate redevelopment potential. Strategically positioned, the property is within close proximity to multiple subway stations, ensuring seamless access to various parts of New York City. Additionally, this property qualifies for the 485X tax abatement, providing substantial tax benefits and enhancing the overall financial feasibility of your development project. The Northwest Bronx real estate market is experiencing significant growth and revitalization, fueled by ongoing developments and an increasing demand for housing. The area's transformation creates a favorable investment climate, making this an attractive opportunity for builders and investors. Overall, 2850 Decatur Ave offers a unique development opportunity in a rapidly growing section of the Bronx. With favorable zoning, a strategic location, valuable tax incentives, and strong growth potential, this property stands out as a prime option for developers looking to make a lasting impact in the Northwest Bronx community.