1932 McGraw Avenue, NY

15,000 Buildable SF Development Opportunity in Parkchester

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Overview

Key Highlights

  • Price $1,900,000
  • Zoning R6
  • Buildable SF 15,000

Investment Highlights

• R6 zoning / 2.20 FAR allowing for over 15,000 BSF which includes neighboring air rights

• 3,817 SF lot located on McGraw Avenue between Metropolitan Avenue and Pugsley Avenue

• Ideal development opportunity for supportive housing project or non-profit use

• Site can be a great candidate to utilize the new “City of Yes” UAP program which will allow for up to 21,711 buildable square feet.
• Option to be delivered vacant or with proposed plans for 16,100 SF to yield 23 residential units and 6 open parking spaces

• Situated in the heart of Parkchester, around the corner from Hugh J. Grant Circle with “6” Train Subway and an abundance of retailers along Westchester Ave and Metropolitan Ave

• A handful of new projects are in the works in the Parkchester neighborhood including 1550 White Plains Road and 1847 Cross Bronx Expressway

Location

Our Team

Jason Gold

Jason Gold

Ariel Property Advisors
212.544.9500 Ext. 22
Victor Sozio

Victor Sozio

Founding Partner
Ariel Property Advisors
212.544.9500 Ext. 12
Gabriel Elyaszadeh

Gabriel Elyaszadeh

Ariel Property Advisors
212.544.9500 Ext. 55

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