The Walton Morris Assemblage, NY

Large-Scale Development Opportunity in Fordham Heights with Existing Community Facility

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Overview

Key Highlights

Price Price: Please Inquire
Lot SF 12,336
Zoning R8
Buildable SF 74,263

Investment Highlights

• Block-through parcel with 2 street frontages spanning 12,336 sq. ft

• R8 zoning currently provides 74,263 BSF for residential or 80,184 BSF for community facility use, as-of-right

• The subject property is currently improved by 3 buildings totaling approx. 11,645 sq. ft., which consist of:

○ 5,880 square foot religious facility

○ 2,640 sq. ft religious facility, and

○ 2,500 sq. ft. single-family building

• Prime Fordham Heights location, close proximity to major regional employers including Fordham University, VA Hospital Bronx New York, and St. Barnabas Hospital

• With Fordham Plaza and national retailers along East Fordham Road steps away, future residents will benefit from the property’s close proximity to the most prominent shopping destinations in the Bronx

• Short walk away to Little Italy section, the Botanical Gardens & the Bronx Zoo

• 3 block walk to Fordham Road Subway (B, D Train) and 1 block walk to Fordham Road Subway (4 Train) Stations

• Prime opportunity for developers or owner-users seeking exceptional scale that can accommodate a range of residential, educational, medical or other community facility uses

• Ownership requests proposals from developers & potential partners to ground lease and/or develop the property with buyback option for a community facility condominium for the current owner