BEDS4
BATHS2 full
MLS#RLS20047704
STATUSPending
PROPERTY TYPEResidential -
SUBDIVISIONWakefield
Property Description
625 E 222nd St, Bronx, NY 10467 (Alternate: 3900 Carpenter Ave)
This corner property presents an excellent investment opportunity for a developer seeking to maximize returns through ground-up multifamily development. Located in the Wakefield neighborhood of the Bronx, this site is poised for redevelopment under NYC's favorable R6A zoning , which allows for significant vertical expansion, offering a residential FAR of 3. The property benefits from its proximity to major transportation hubs , including the 2 and 5 MTA trains and the Woodlawn Metro-North station, making it highly attractive for future occupants who prioritize access to public transportation.
Additionally, the site is located within a favorable tax class (2A), which ensures manageable holding costs, and is situated on a major commercial corridor along White Plains Road, providing easy access to shopping, dining, and essential services. The seller can deliver the property vacant (negotiable) , offering developers a clean slate for immediate redevelopment.
Key Highlights:
Prime Corner Lot: NE corner lot measuring 4,167 sq. ft . with 47 ft x 88.67 ft dimensions. Zoning Potential: R6A zoning with a residential FAR of 3. The current building has an unused FAR of 8,792 sq. ft., allowing for significant development potential (up to 12,501 sq. ft.). Low Real Estate Taxes: Favorable tax class (2A) with annual taxes of $12,790. Transportation Access: o 5 blocks to the 2 and 5 MTA subway lines. o 11 blocks to the Woodlawn Metro-North station. Commercial Corridor: Located nearby White Plains Road, providing convenient access to commercial amenities. Delivery Vacant: Seller to deliver the property vacant, facilitating immediate development.
Property Features:
Zoning & Development:
- R6A Zoning: Allows for a residential FAR of 3, providing a significant opportunity to build a multiunit building up to 12,501 sq. ft.
- Unused FAR: 8,792 sq. ft. available for development, providing great potential for additional units and increased rental income.
- Corner Lot: Natural light, air, and design potential for new construction.
Strategic Location:
- Major Transportation Hub: 5 blocks from the 2 and 5 trains, connecting to Manhattan and other parts of the Bronx.
- Proximity to Woodlawn Metro-North stop, giving easy access to regional commuters.
Commercial Amenities:
- Located nearby White Plains Road, offering residents access to grocery stores, restaurants, and other retail options.
- Strong local demand for units due to proximity to retail and transit. &
Property Features
Property Type: Residential -
Basement: Other
Stories: 1.0
Taxes: $13,812
Amenities
Smoke Free
Private Outdoor Space Over 60 Sqft
Feature Descriptions
Building Features: Green Building
Days on Site: 291
Laundry: In Unit
Parcel#: 04824-0044
Patio/Porch: None
Pets Allowed: Building Yes, No
Special View Info: Other
Listed By / Shown By
Listed By
Agency Name: Douglas Elliman Real Estate
Agency Phone: (212) 891-7000
Shown By
Agency Title: Joyce Realty
Agency Phone: (800-275-5692)
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Estimated Payment
$ 4,171.68 per month $2,670.68 Principal & Interest $1,151.00 Property Tax $350.00 Homeowner's InsuranceChange Payment Information
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625 E 222nd Street | MLS# RLS20047704
This home located at 625 E 222nd Street, Bronx, NY 10467 is currently listed for sale with an asking price of $1,200,000. This property has 4 bedrooms and 2 full baths. E 222nd Street is located in the Wakefield subdivision. Search Wakefield real estate on www.joycerealty.com today.