721 St. Ouen Street, is a development site ideally positioned just off White Plains Road-one of the Bronx's most heavily trafficked and accessible commercial corridors. The property spans a 50' x 135' lot and is located within an R5 zoning district, allowing for approximately 9,820 buildable square feet as-of-right. Notably, under the recently enacted "City of Yes" zoning changes, the effective FAR for R5 districts has increased to 1.5, enabling the development of approximately 14 residential units utilizing a dwelling unit factor of 680 square feet. The site is currently improved with a 2,044 square foot residential structure, which will be delivered vacant at closing. The location offers strong connectivity, with immediate access to the Wakefield 241st Street subway station, providing a direct commute into Manhattan. The surrounding area is supported by a full range of neighborhood amenities, including Wakefield Playground, Fine Fare Supermarket, local medical offices, pharmacies, and nearby public schools-driving consistent residential demand. 721 St. Ouen Street presents a compelling opportunity to capitalize on efficient lot dimensions, enhanced zoning potential, and a proven residential market, making it well-suited for a ground-up residential development. Additionally, the property is situated within a Transit Zone, permitting reduced parking requirements-further enhancing development efficiency and overall buildable potential.
