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1712 Jerome Ave
Bronx, NY 10453 Mount Hope

Rate Upon Request

Land For Lease  •  0+ SF

Property Details

  • Property Type Land
  • Zoning R7A, C2-4, J
100 Transit Score
90 Walk Score

1 Space Available

Name Space Use Size Rent Details
Unkwn Floor Ste - 0.23 AC Rate Upon Request 
RIPCO Real Estate has been retained on an exclusive basis to arrange ?for the ground lease of 1712 Jerome Avenue. in the Mount Hope neighborhood of the Bronx. The property is a 100’ x 100’ development site with an existing single story commercial building. building. The zoning allows for 46,000 Buildable SF with Mandatory Inclusionary Housing.

The location provides easy access to transportation with the 4 subway line running along Jerome Avenue and the B, D subway along the Grand Concourse. The cross Bronx expressway (I95) is located a few blocks to the south, along with ample retail offering at nearby Fordham Road.

The Jerome Avenue rezoning of 92 blocks was approved by the city council in March 2018 to increase the availability of affordable housing. This is the biggest rezoning project in the history of New York City and offers a chance to create thousands of affordable units. Several established developers have already created hundreds of affordable units along the corridor. This site presents a unique opportunity to develop a project that meets the growing demand for housing in the area.

  • Date available: Now
  • Lease term: Negotiable
  • Service type: None
  • Space Type: Relet

Description 

The property is a 100’ x 100’ development site with an existing single story commercial building. building. The zoning allows for 46,000 Buildable SF with Mandatory Inclusionary Housing.

Highlights

Prime 10,000 SF lot on Jerome Avenue
Zoned R7A (C2-4 overlay), offering 46,000 Residential BSF
One block from 176th Street 4 Subway Station - 27 minutes ?to Grand Central
Nearby substantial affordable housing projects along ?Jerome Avenue corridor, one of NYC’s most active affordable and mixed-income development zones
Ground lease structure allows developers to pursue new ?projects with reduced upfront land costs, freeing capital for construction and operations

Property Flyers

Public Transportation

Commuter RailDriveWalkDistance
Tremont Station (Harlem Line - Metro-North Commuter Railroad Company (Metro-North)) 2 min 16 min 0.8 mi
Morris Heights Station (Hudson Line - Metro-North Commuter Railroad Company (Metro-North)) 5 min 16 min 0.8 mi
Transit/SubwayDriveWalkDistance
176 Street (4 - New York MTA Subway (The Subway)) 0 min 2 min 0.1 mi
Mt Eden Avenue (4 - New York MTA Subway (The Subway)) 0 min 4 min 0.2 mi
174-175 Streets (B - New York MTA Subway (The Subway), D - New York MTA Subway (The Subway)) 2 min 4 min 0.2 mi
170 Street (4 Line) (4 - New York MTA Subway (The Subway)) 1 min 11 min 0.5 mi
170 Street (B,D Line) (B - New York MTA Subway (The Subway), D - New York MTA Subway (The Subway)) 2 min 13 min 0.7 mi
AirportDriveWalkDistance
LaGuardia 19 min - 9.3 mi
John F Kennedy International 30 min - 19.5 mi
Newark Liberty International 25 min - 21.6 mi
Mitchel Flaherty 917-348-0242 RIPCO Real Estate
Mitchel Flaherty 917-348-0242 RIPCO Real Estate