Development Site For Sale on E 149th Street for $3 Million

Real Estate in the South Bronx is heating up.

A tiny 4,100 square foot lot in the Lower Concourse Rezoning District of the Bronx is currently listed for a whopping $3,000,000.  The property at 100 East 149th Street at Exterior Street is located just across from the the Special Harlem River Waterfront District and at the foot of the 145th Street Bridge into Manhattan.  With a zoning of M1-4/R8A, the site can be developed into a 10-12 story residential building.

Immediately adjacent to the property is 110 East 149th Street which was listed by Pinnacle Realty but according to their offices, it is no longer available and slated for development into affordable housing. The square foot potential of that site is anywhere from 52,000 to 300,000 square feet.

Meanwhile, on the south end of the same block is 500 Exterior Street where an 11 story hotel is to be constructed according to permits filed with DOB posted at the site.  Per the project manager of Michael Kang Architects who is spearheading that project, no franchise has been selected for the hotel at this time.

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