15,000 Buildable SF Development Opportunity in Parkchester

Description:

Investment Highlights
• R6 zoning / 2.20 FAR allowing for over 15,000 BSF which includes neighboring air rights
• 3,817 SF lot located on McGraw Avenue between Metropolitan Avenue and Pugsley Avenue
• Ideal development opportunity for supportive housing project or non-profit use
• Site can be a great candidate to utilize the new “City of Yes” UAP program which will allow for up to 21,711 buildable square feet.
• Option to be delivered vacant or with proposed plans for 16,100 SF to yield 23 residential units and 6 open parking spaces
• Situated in the heart of Parkchester, around the corner from Hugh J. Grant Circle with “6” Train Subway and an abundance of retailers along Westchester Ave and Metropolitan Ave
• A handful of new projects are in the works in the Parkchester neighborhood including 1550 White Plains Road and 1847 Cross Bronx Expressway

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