The site is located in the desirable Mott Haven neighborhood of the Bronx, New York. It has 175 feet of frontage along Rider Avenue and 118 feet of frontage on East 139th Street. It is currently improved with a single-story 21,229 square foot industrial building. The plans call for an 8- and 9-story multi-family residential building consisting of a total of 135 apartments; a mix of studios, one bedroom and two bedroom units, with 57 parking spaces and 25 storage bins in the cellar level and ground floor. A developer is expected to apply for a 421-A exemption and will need to allocate 20% of the units to tenants with 80% of the area median income (“AMI”), and 10% of the units to tenants with 130% AMI. The remaining units will be market rate.? Located just blocks from the 4, 5 and 6 subway lines, and the 3rd Avenue bridge, the property offers easy accessibility to Manhattan. The property benefits from Mott Haven’s vibrant new restaurants, art, music, entertainment, and new construction buildings, which is extremely attractive for modern renters seeking convenience, ease of transportation, and an active lifestyle.
Bid Deadline: February 9th, 2022 at 5 PM
Auction Date: February 16th, 2022 at 11 AM
Price: Ownership Requesting Proposals
- ID: 8777
- Published: December 16, 2021
- Last Update: January 20, 2022
- Views: 76