Premiere Real Estate Group Inc. presents the exclusive opportunity to acquire a development site located at 447-449 Jackson Avenue in the Mott Haven neighborhood of the Bronx. The R7-1 zoned site is composed of two contiguous parcels with a residential FAR of 3.44 for a total of 25,351 buildable square-feet. The community facility FAR is 4.8 which could potentially increase the maximum buildable to 35,371 square-feet. 447 Jackson Avenue is currently occupied by a three-story 3,087 square-foot apartment building with two apartments, one commercial unit and parking lot. This is an excellent opportunity for a developer to collect a steady income until the new building plans are being approved. The parcels feature 50 feet of frontage along Jackson Avenue. The site is situated directly adjacent to St. Mary’s Park and recreation center. In addition, the property is directly across from the Jeffrey M. Rapport School for Career Development. Mott Haven is a thriving area of the South Bronx and is home to numerous new developments, restaurants, bars and breweries. The area is easily accessible by the 6, 2 and 5 subway lines, as well as via the Bruckner Expressway. Residents in the area benefit from the immediate access of Randall’s Island Park and the Harlem River Drive.