Asking Price
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NOI Net Operating Income N/A
Cap Rate N/A

Documents

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Create an account on the Investor Center to save your search and investment preferences, save and share opportunities, access exclusive documents, and more. More questions? Visit our FAQ. Approval for Deal Room access requires review by our Broker Team. You will be notified by email once your access is granted. More questions? Visit our FAQ. You'll need to sign a Confidentiality Agreement (CA) to access exclusive documents in the Deal Room. Signing the CA means you agree not to divulge or release sensitive information related to this property. More questions? Visit our FAQ.
I accept the confidentiality agreement I accept the confidentiality agreement
Create an account on the Investor Center to save your search and investment preferences, save and share opportunities, access exclusive documents, and more. More questions? Visit our FAQ. You'll need to sign a Confidentiality Agreement (CA) to access exclusive documents in the Deal Room. Signing the CA means you agree not to divulge or release sensitive information related to this property. More questions? Visit our FAQ.

Key facts

Year Built 2000
Land Area ()

Property description

JLL has been retained on an exclusive basis to arrange for the sale of 3663-3649 White Plains road, a prime, +90,000 BSF development opportunity in the Williamsbridge neighborhood of the North Bronx. The subject property is three tax lots occupying a block-through between White Plains Road (WPR) and Willett Avenue between East 213th and East 216th Streets. The level, regularly shaped lot measures 34,053 SF and is improved by two, 2-story frame Church buildings and a parking lot. The site features R7A/C2-4 zoning on the WPR frontage and R5A rearward to Willett Avenue, as-of right residential zoning allows up to 4.0 FAR or 90,491 buildable square feet of development rights and 104,680 buildable square feet if the site is developed with community facility use. The site will be delivered vacant and will require very modest demolition. Ownership has completed a massing plan, illustrating the wide variety of development options possible on the site, as well as a Phase I environmental study. The property is conveniently situated just 2 blocks away from the Gun Hill Road MTA #2 and #5 train, and just 4 blocks away from the Williams Bridge Metro-North Railroad. The site benefits from being directly next to a Western Beef Supermarket and walking distance to retailers such as Blink Fitness, Walgreens, TD Bank Dollar General and more. 3663-3649 White Plains road offers development scale and accessibility in a prime northern Bronx sub-market where there is no shortage of housing or consumer demand. Please contact us for more information on this exciting development opportunity.

Investment highlights

  • Lot Size: 34,053
  • Residential ZSF (AS-OF-RIGHT): 90,491
  • Community Facility ZSF: 104,680
  • Zoning: R7A/C2-4; R5A
  • FAR: R7A - 4.0 - R5A - 1.10
Last Updated Date: 23 Feb 2022

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Last Updated Date: 23 Feb 2022

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The value of trust beneficiary rights fluctuates due to fluctuations in the price of real estate, and there is a risk of falling beyond the investment principal. Real estate prices are fluctuated by changes in the population of the area in which they are located and the number of newly supplied properties, fluctuations in interest rates and exchange rates, changes of tax system, loss/damage due to natural disasters such as earthquakes, deterioration over time, and the discovery of hidden defects such as soil pollution.

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