Inwood Opportunity Zone Development Site $11.25 MM

• ± 72,000 ZFA with 200 | ± 10,000 SF lot • 2.5 blocks away from both the 1 and A train • The first rezoned development site to hit the market in Inwood



    3966 10th Avenue, New York, NY 10034

    Goldenwood Property Advisors has been exclusively retained for the sale of a mixed use development opportunity located at 3966 10th Avenue, a southwest corner of West 212th Street and 10th Avenue in the Inwood section of Manhattan. The corner development site boasts close to 200’ of wrap-around frontage and totals 9,992 SF. The scarcity of sizable development sites in this area positions 3966 10th Avenue as a truly unique opportunity in one of New York City’s most vibrant residential submarkets. Located within a C4-4D zoning designation, the site allows for a maximum ZFA of 7.20 with the Mandatory Inclusionary Housing bonus, which equates to 71,942 total buildable square feet. Additionally, this area of Inwood is a designated Opportunity Zone. The Property can also benefit from the FRESH Program, allowing up to 20,000 additional residential square feet. The property is a prime opportunity for a developer to capitalize on the new re-zoning of Inwood. Transportation is also ideal, as the site is easily accessible to Midtown Manhattan, utilizing both the A and 1 subway lines, which are 2.5 blocks away

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