1631-1659 Zerega Avenue, NY

Premier, Large-Scale Corner Development Opportunity | Existing Community Facility | Prime Westchester Square Location

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Overview

Key Highlights

Price $7,950,000
Zoning R6/R5A
Lot Sq. Ft. 35,212
Buildable Area (Residential) 72,241
Buildable Area (Community Facility) 155,718

Key Facts

• Block-through, T-shaped parcel with 3 street frontages spanning 35,212 sq. ft.

• R6/R5A zoning provides 72,241 BSF for residential or 155,718 BSF for community facility use.

• The subject property is currently improved by 2 vacant community facility buildings totaling 16,426 sq. ft., which consist of:

- 14,528 sq. ft. former school and adjoining convent with 12 classrooms that can accommodate 235 students

- 1,898 sq. ft. community facility that consisted of a multipurpose educational facility and former convent

• Central Westchester Square location, close proximity to major regional employers including Montefiore Medical Center, the Hutchinson Metro Center and the United Federation of Teachers Bronx office.

• 5-minute walk to Zerega Avenue Subway (6 Train) Station.

• Poised to benefit from the opening of the Parchester/Van Nest Metro North station that is scheduled to arrive in 2027.

• Prime opportunity for developers or owner-users seeking exceptional scale that can accomodate a range of residential, educational, medical or other community facility uses.