For Sale
$1,975,000

551 169Th StThe Bronx, NY 10456

8,300 SF Church, High Redevelopment Potential

Overview

Added:
Dec 11, 2024
Days on market:
124
This 8,300 square foot former church building at 551 E 169th St, The Bronx, NY 10456, is offered for sale at $1,975,000 ($237.95/sq ft). Situated on a 4,425 square foot lot (APN 02925-0092), this property presents a unique redevelopment opportunity in the vibrant Morrisania neighborhood. The building, currently zoned R7-1, allows for a maximum residential floor area ratio (FAR) of 3.44, translating to approximately 15,222 buildable square feet. This presents significant upside potential for developers and investors seeking to capitalize on the growing demand for residential and mixed-use developments in the area. The location offers convenient access to public transportation, schools, parks, major highways, and downtown Manhattan. The property is ideal for those seeking a project in a thriving community with ongoing development initiatives. While the existing structure requires substantial rehabilitation or demolition, the zoning and location make this a compelling investment prospect. The property is being sold as-is.

Highlights

  • $1,975,000 asking price for this 8,300 square foot special purpose property.
  • Located at 551 E 169th St, The Bronx, NY 10456, with a 4,425 square foot lot.
  • R7-1 zoning allows for significant redevelopment potential, with a 3.44 maximum residential floor area ratio (FAR) and approximately 15,222 buildable square feet.
  • Ideal for developers and investors seeking residential or mixed-use projects in a growing Bronx neighborhood.
  • Property is for sale by owner.

Property Details for 551 169Th St

Property type
Specialty properties, Churches & religious facilities
Square Feet
8,300 SF
Units
1

Location Insight

City
The Bronx
County
Bronx
State
New York
Latitude
40.8326478
Longitude
-73.9040823
551 169Th St, The Bronx, New York

FAQs

What type of property is this?
Specialty property - 8,300 SF Church, High Redevelopment Potential
Where is the specialty property located?
The property is located at 551 169Th St The Bronx, NY.
What is the asking price?
The asking price for this property is $1,975,000.
What are key features of this property?
This property features: $1,975,000 asking price for this 8,300 square foot special purpose property.; Located at 551 E 169th St, The Bronx, NY 10456, with a 4,425 square foot lot.; R7-1 zoning allows for significant redevelopment potential, with a 3.44 maximum residential floor area ratio (FAR) and approximately 15,222 buildable square feet.
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551 169Th St
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