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$ 1,100,000
Est. payment | /mo
2,920 Sqft Lot
$ 1,100,000
Est. payment | /mo
2,920 Sqft Lot
Key Details
Property Type Vacant Land
Listing Status Active
Purchase Type For Sale
MLS Listing ID 11732623
Lot Size 2,920 Sqft
Property Description
927 Home St. consists of a 27 Ft wide corner site totaling 2,920 Sq. Ft., with overall lot dimensions of approximately 27' x 107'. Zoned R7-1, the site permits the development of a 10,044 Sq. Ft. market-rate residential building with (14) units. Alternatively, a 14,629 Sq. Ft. residential building can be built using the Universal Affordability Preference ("UAP"). Positioned just 316 feet from the Freeman Street subway station, the property offers immediate and convenient access to Manhattan. Located within the Crotona neighborhood, the area is experiencing steady demand for residential development, supported by ongoing urban revitalization and a growing population-driving continued momentum and long-term upside for investors and developers alike. Ongoing development along the block underscores the area's proven viability for new construction. Recent projects serve as direct evidence of achievable execution, highlighting both developer confidence and sustained demand for new residential product in the immediate vicinity.
Location
State NY
County 36005
Rooms
Kitchen 0
NEARBY SCHOOL & BUSINESS