3730 Bronx BlvdThe Bronx, NY 10467

Property Details for 3730 Bronx Blvd

Lot size

0.23 AC

Zone code

R6A

Property type

Retail properties

Property subtype

Auto shops

APN

04649-0016

APU

46490016

Description

This 10,001 square foot vacant lot, located at 3730 Bronx Boulevard in the Olinville neighborhood of the Bronx, presents a remarkable opportunity for multifamily development. The property boasts a 100ft x 100ft lot size and is zoned R6A, allowing for over 30,000 square feet of buildable space. Its strategic location offers unparalleled convenience, with proximity to the 2 and 5 subway lines at 219th and 225th Streets, providing easy access to Manhattan and other parts of the Bronx. Local amenities abound, including grocery stores (Foodverse Market, Kingston Tropical Bakery), restaurants (Agra Grill), a Rite Aid pharmacy, and the Montefiore Medical Center Wakefield campus. Nearby recreational spaces such as Rienzi and Agnes Haywood Playgrounds add to the appeal. This site is ideally positioned to capitalize on the strong demand for housing in this thriving Bronx neighborhood, promising significant returns for the right developer. The property's potential for a high-density multifamily development, combined with its excellent location and convenient access to public transportation and amenities, makes it a truly exceptional investment opportunity. The APN is 04649-0016.

• CAP approach

  CAP return

  Valuation

  6%

  $2,430,592

  6.5%

  $2,243,624

  7%

  $2,083,365

• Comparable approach

  Method

  Valuation

  Relative Method

  $3,292,961

  Geo Method

  $3,292,961

• Alternative Use

  Use

  Valuation

  Residential

  $1,892,580

  Hospitality

  $1,733,594

  Educational

  $1,442,329

  Medical

  $1,491,933

  Retail

  $2,243,624

Location Insight

City

Bronx

County

Bronx

State

New York

Latitude

40.8832

Longitude

-73.8663

CBSA code

35620

CBSA name

NEW YORK-NORTHERN NEW JERSEY-LONG ISLAND, NY-NJ-PA METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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