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

Overview


    Location

    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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