Ariel Property Advisors is pleased to present The Cambreleng Avenue Assemblage, a prime development opportunity located between East 183rd and 187th Streets.
The two adjacent lots are currently encompassed by a 3,600 square foot 3-family home, and a 7,500 square foot parking lot. Combined, the subject property is situated on a 125’ x 100’ lot with over 125’ of frontage on Cambreleng Avenue. The R7-1 zoning (FAR: 3.44 on the as-of-right and 4.8 with Community Facility) allows for 43,000 and 60,000 Buildable Sq. Feet, respectively. Both assets are in the Opportunity Zone, which allows investors to take advantage of the financial benefits the program offers.
The Cambreleng Avenue Assemblage, is situated steps away from the heart of the Saint Barnabas Hospital Campus, and the Prime Little Italy section of Belmont. The property is located just a few blocks from the famous Arthur Avenue, offering immediate access to popular eateries in the heart of The Bronx’s Little Italy. The building’s proximity to Fordham University makes it a natural destination for the area’s many students seeking quality housing options. Easy access to Manhattan is also provided by the Metro North train station located at the intersection of East Fordham Road and Webster Avenue.
Offering scale and a great location in a rapidly appreciating neighborhood, The Cambreleng Avenue Assemblage represents an outstanding development opportunity in a rapidly up and coming Bronx neighborhood.