411-419 East 148th Street is a 148’ x 100’ corner development site located on the Northeast corner of Bergen Avenue and East 148th Street in the heart of the South Bronx’s hub. Located in a C4-4 zone, the site boats approximately 43,000 buildable square feet for residential development, and up to 81,300 buildable square feet for community facility development. The site also benefits from the Fresh Food Program bonus which allows a developer to gain bonus development air rights when leasing to a supermarket. The Fresh Food Program allows up to 20,000 square feet of food retail to be built that will not count toward as-of-right buildable square footage.
Another one of the property’s key advantages is its accessibility via nearby train lines – just steps away from the 2, 5 & 6 trains. This location provides convenient transportation options, enhancing connectivity to Manhattan and other parts of New York City.
The HUB is a dynamic neighborhood celebrated for its cultural diversity and historical importance. Serving as a busy commercial center, it offers a wide array of shops, restaurants, and businesses that cater to a diverse community. The area is well-connected with multiple bus routes and nearby subway stations, facilitating easy travel throughout the borough and into Manhattan. This blank space is a wonderful opportunity to capitalize on the accessibility and visibility this location brings to all investors.