The Boone Avenue and W Farms Road assemblage is a fantastic opportunity for development in the vibrant Crotona Park East neighborhood of the Bronx. These two adjacent lots combine to offer a substantial lot area of approximately 19,634 square feet. The zoning designation for this site is R7X/R7A, which means that the potential owner has the exciting prospect of creating an affordable rental building with a community facility component.What makes this location particularly enticing is the recent surge of new residential apartment properties and educational facilities in the neighborhood. This development site is perfectly positioned to benefit from this positive trend. Considering the community's needs and preferences, options like self-storage facilities or recreational amenities for the residents would be great choices.One of the advantages of this property is its inclusion in a zoning district that features inclusionary housing, fresh zone, and opportunity zone designations. These designations offer additional benefits and incentives to investors who choose to develop in this area. It's a win-win situation for both the community and potential investors.Another highlight of this property is its excellent proximity to various community amenities. Starlight Park, Bronx River Greenway, Rock Garden Park, and Crotona Park are all nearby, providing ample opportunities for outdoor activities and relaxation. Soccer fields and basketball courts further add to the recreational options. There are an elementary and middle schools located within a half-mile radius of the property.Transportation options are a breeze as well. The Number 2, 5 and 6 train
This property is off market, which means it's not currently listed for sale or rent on Zillow. This may be different from what's available on other websites or public sources.
