Description

763 Prospect Avenue presents a prime development opportunity for investors and developers seeking a boutique rental project within one of the Bronx’s growing residential corridors. The property consists of a 100' x 98.34' corner vacant lot totaling approximately 9,585 square feet at the intersection of Prospect Avenue and East 156th Street. Zoned R6, the site allows for approximately 28,756 buildable square feet under standard FAR, 37,383 buildable square feet utilizing UAP FAR, and up to 46,009 buildable square feet with a community facility component. Ownership is seeking proposals from developers or strategic partners who will fully develop the property while delivering a 14,449-square-foot community facility condominium in white-box condition across the cellar, first, and second floors. The location benefits from excellent accessibility, with the 2 and 5 subway lines at Prospect Avenue just one block away and convenient access to the Bruckner Expressway, providing direct connectivity to Manhattan and surrounding boroughs. The site is also positioned near the historic Longwood District, known for its architecturally significant late-19th and early-20th century rowhouses, and is within close proximity to the Hunts Point and Port Morris employment centers as well as the rapidly expanding Mott Haven neighborhood, further supporting long-term residential demand and development potential.