964-968 East 167Th Street, Bronx, Ny 10459 3 Contiguous Lots in the Proposed Southern Boulevard Rezoning

Home , Concrete Plant Park, Starlight Park

964-968 EAST 167TH STREET, BRONX, NY 10459 3 CONTIGUOUS LOTS IN THE PROPOSED SOUTHERN BOULEVARD REZONING

Block: 274 4 Lots: 23, 24, & 25 Neighborhood: Foxhurst Borough: Bronx ZIP Code: 10459 Year Built: 1910 Lot Dimensions: 58' x 90' Lot Size: ± 5,250 SF Building Size: 50.01’ x 50’ Building SF: ± 7,501 SF Stories: 3 Parking: Garages in rear Residential Units: 8 Commercial Units: 2 Zoning: C2-4/R7-1 ZFA: ± 21,000 SF Taxable Assessment: $39,263 Real Estate Taxes (18/19): $7,849

C2-4/R7-1 Residential Commercial Community Facility FAR: 4.00 2.00 4.80 Lot Size: 5,250 5,250 5,250 ZFA: 21,000 10,500 25,200 Existing: 5, 74 7 1,754 7,501 Air Rights: 15 , 253 8,747 17,699 ASKING PRICE: $1,850,000

Mass Transit Options DESIGNATED TARGET FOR 2, 5, & 6 TRAIN OPPORTUNITY ZONE REZONING 964-968 EAST 167TH STREET Goldenwood Property Advisors has been retained on an exclusive basis to arrange for the sale of 964-968 East 167th Street in the Bronx. The subject property consists of three (3) contiguous buildings that contain eight (8) residential units and two (2) commercial units. This property offers 58 feet of frontage on East 167th Street in an area that is undergoing rapid redevelopment. 964-968 East 167th Street is located in the proposed Southern Boulevard Rezoning Study Area, potentially increasing the ZFA of the site in the near future. In recent rezonings, properties within 100’ of a raised subway line are typically rezoned to C4-4D. The Property is in a recently designated Opportunity Zone, allowing for a long term holder to defer and even eliminate capital gains tax. The Property is well located, within walking distance of three different subway lines: the 2, 5, and 6. 968 East 167th Street is equipped with a driveway that leads to garages in the rear yards of the contiguous buildings.

CONTACT EXCLUSIVE ADVISORY TEAM: Lev Kimyagarov Michael Musto GOLDENWOOD PROPERTY ADVISORS Founding Partner Director 135 EAST 57TH STREET 17TH FLOOR (212) 875-1800 x 2 (212) 875-1800 x 6 NEW YORK, NY 10022 [email protected] [email protected] GOLDENWOOD.NYC

The depiction in the included photograph of any person, entity, sign, logo or property, other than Goldenwood Property Advisors’ (GPA) client and the property offered by GPA, is incidental only, and is not intended to connote any affiliation, connection, association, sponsorship or approval by or between that which is incidentally depicted and GPA or its client. This listing shall not be deemed an offer to lease, sublease or sell such property; and, in the event of any transaction for such property, no commission shall be earned by or payable to any cooperating broker except if otherwise provided pursuant to the express terms, rates and conditions of GPA’s agreement with its principal, if, as and when such commission (if any) is actually received from such principal. (A copy of the rates and conditions referred to above with respect to this property is available upon request.) 964-968 EAST 167TH STREET, BRONX, NY 10459 3 CONTIGUOUS LOTS IN THE PROPOSED SOUTHERN BOULEVARD REZONING

Y Southern Boulevard Neighborhood Study A W K R A P A Southern Boulevard N O T O R C A neighborhood snapshot of Assets + Opportunities Southern Boulevard ehorhood Stud The study area encompasses the Crotona Park East R7-1

CRO R6 SS BRO urrent and se + oning EXPR NX ESSWAY and Longwood neighborhoods and in general

W Farms Sq - E Tremont Av 2-5 E flanks Southern Boulevard between the Cross U N E E PARK U ! ! CROTONA PARK NORTHV A VEN ! ! ! T A Crotona Park C A ! R!7-1 E N A E S O T P T ! ! ! 1 S O 76 R Bronx Expressway and East 163rd Street including O S C ! ! R R6 TR P PARK EE C8-3 T ! ! Under the 2/5: Traffic, ! ! Crotona Park Stable Homeownership Historic Architecture & C4-2 174!St 2-!5 T R7-1 the Bronx River and Crotona Park. The study area Pedestrian Safety, Lighting, S (Charlotte Gardens) Unique Character CROSS BRONX EXPWY EA ! ! ! ! K EA AR ! ! ! ! !ST NA P 1 Seating, Greening, & Noise CROTO 74 (PS98 Herman Ridder) ONT PAR ST R7A CLAREM KWAY ! ! !PARK! REET P!ARK! PARK ! ! ! ! ! ! EA ! ! ! ! ! ! ! S R1-2 OAD covers more than 130 blocks and spans parts of T OSTON R B ! ! ! ! ! ! 17 C EA 5 H ST E PARK A 1 ! ! S PARK C 73 T R ST R A L R E L EET E R7-1 O E !R7X ! T P E T C C8-3 A E U R7-1 T Y A N N U ! ! E R ! ! U PL O N ST VE T E ! B D ! A ! ST R A Community Districts (CD) 2 and 3, and a small O R E V E E O N R S A ! EB ! ET ! !F ! ! ! ! ! C O N FULTON AVENUE I O B L ! ! M ! ! ! ! B ! O I N R7-1 U E S I U R6A S ! ! ! ! ! ! A !2 E N N VE U PARK I ! ! ! VE ! ! ! C8-1 N

N A E R8X

U VEN B ! ! ! A ! ! ! area of CD9 (one block of the western shore E O E YSE CROTONA PARK U V ! ! ! !O ! ! ! L D H EV R ! ! !A ! ! ! A V R E D ! ! L ! ! ! U ! ! O ! ! ! S E B Vacant Retail NT ROTONA A Disconnected Retail D C S A MO U T N of the Bronx River). The area is home to almost E ! ! ! ! LAR ST P R O C EA B 1 RK 7 E R Y PA L 4 KWA U H R ! ! ! S PA A S T R T U M

C R R B EE ! O ! ! E T S A A M1-1 F

N T S E STON FREEMAN STREET W Y BO A R6 D OA E 60,000 residents, of which 67% are of Hispanic R SW W E ! ! ! E PARK U

A U I C S E L Freeman St 2-5 N ES H T E U N K ! ! E A R I E 1 E A 7 S V P A N 3 S T V S C T VEN A

V R A E S 1 A ! ! ! A B 7 EX

T T N L R R 4 R7-2 E

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E E E D ! ! A ! ! O G R7-1 A P T A

T C E V Y U L R REET D

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Y N ! ! ! E ! ! ! H E

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E L E F ER R IN origin, according to the 2010 Census. There are P U V ! ! EA! ! ! G

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D O LOUIS NIÑE BOULEVARDT A ! N ! ! 1! S R 6 L R E E E 9 V ST T O N E S A ! ! ! EET A R E F E C8-3 E A O E EET R V S B N T T T O I ! ! E I L ST B 1 B 7 O PARK N M N PARK I 2 P ! ET U S S E M1-1 N approximately 17,000 existing residential units T E R R E S E PSO E M T ! ! ! ! !

T A M PARK S PARK J PARK

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R F E ! ! ! ! ! E NU VE U STARLIGHT PARK ! ! A N E E ER E C U ST V Y N A ! ! ! E A A L H within the Southern Boulevard study area. Almost PARK W E C K P T N S C V ! ! E 5 STREET L EAST 16 E W O A L E L R A Strong Community SOUTHERN BOULEVARD Bronx River Parks ! ! ! T R I E H E G V H S ! ! R I W Y R E E Groups V

T B V U Simpson St 2-5 I S N R R

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PARK 6 X T ! E ET

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N N two-thirds of these units were constructed before

SHERIDAN EXPWY V E PARK

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B ST E PARK O U N PARK T ! Y ! W N A

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K A O A C4-4 L ! ! ! PARK D E PL VAR T L PARK ULE E E U BO ! S ! ! ! NER 1976, mostly between 1910 and 1939, but with N E K O U N Intervale Av 2-5 R7-2 BRUC H A N F E ER

Y ! G ! ! ! ! !2 E G V M1-2

R O V N A B O ! ! R ! ! A L FREEMAN STREET ! ! ! ! AD C RO ! ! ! HI S S TREET renewed reinvestment in the area, there’s been a S M ! ! EAST 163 S Hunts Point Av 6 TR HO R EE L A T M !5 F ! ! T Commercial Overlay Land Use S C2-1 E ! ! 01 - One & Two Family Buildings 07 - Transportation/Utility W C1-1 ! ! C2-2 02 - MultiFamily Walkup Buildings 08 - Public Facilities & Institutions STREET C1-2 ! !C2-3 growth in housing, and 13% of all units (2,300) OME H 03 - MultiFamily Elevator Buildings 09 - Open Space C1-3 ! ! Legend C2-4 PROSPECT AVENUE ESTER ! ! 04 - Mixed Commercial/Residential 10 - Parking Facilities WESTCH C1-4 C2-5 BRIDGE ! ! Buildings VENUE 05 - Commercial/Office Buildings 11 - Vacant Land A C1-5 0 0 1 0 2 [ Youth Needs New ! ! . . 06 - Industrial/Manufacturing All Others or No Data Miles Affordable Housing were constructed between 2005 and 2014.

T REV JAMES A POLITE AVENUE S I

T S K F R T E F E R A EAST 167 STREET L E E L N T

E Y Y N

T O

T I T S LOWELL S S In recent years, the neighborhoods surrounding Southern Boulevard have participated in a

E C A L P WESTCHESTER AVENUE

L !6 L number of planning processes and have seen public investments, specifically in affordable A H

CONCRETE PLANT PARK

L housing, which have had a significant positive impact on the community. However, there are EAST 165 STREET E +115’ +200’ +150’ Local Art & Culture S LAND Sheridan-HuntsROAD - Point Land LAND - WATER(front) - T

R Residential Zoning Sheridan Boulevard Mixed Use Zoning Shore Public Walkway / BX River Greenway

E ET C Use and Transportation Study RE T ALDUS ST O E L U BRUCKNER EXPWY still a number of gaps and opportunities remaining in addition to the need for a comprehensive T N I E E H V C W A

L BRONX RIVER

R approach to the area. The Southern Boulevard planning process will be an opportunity to build

R REV JAMES A POLITE AVENUE on past plans, implement previous recommendations, identify additional needs, and create a

163rd STREET R E D N R N K A R D C V E R U E H A R L T V B U U E O unified vision for the area. O L B S U O B Organized BID: 0 0.1 0.2 0.4 Strong Housing Stock Southern Boulevard BID Miles/ DRAFT 2016