Overview

Description

Ariel Property Advisors is pleased to present 1975 Honeywell Avenue, a ground up development opportunity located in the West Farms section of the Bronx.

1975 Honeywell Avenue is situated on an 8,654 square foot lot with over 91’ of frontage on Honeywell Avenue. The R7-1 zoning (FAR: 3.44 on the as-of-right and 4.8 with Community Facility) allows for 29,770 and 41,539 buildable square feet, respectively.

1975 Honeywell Avenue is situated near the West Farms Redevelopment Plan overlooking the Sheridan Expressway and the Bronx River. The West Farms Redevelopment Plan is expected to contain more than 1,300 affordable units, 46,000 square feet of retail, a new public school, a playground and two landscaped public spaces across five acres.

The property provides an opportunity for an investor to take advantage of the emerging neighborhood. Located in a densely populated area, the property facilitates quick access to transportation via the 2 & 5 subway lines and the Bx19/40/42 bus lines with easy access to Manhattan and the other boroughs.

Documents

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