Multi-Family Redevelopment Opportunity

627 Underhill Ave Bronx, NY 10473

627 Underhill Ave , Bronx, NY, 10473
627 Underhill Ave , Bronx, NY, 10473 627 Underhill Ave , Bronx, NY, 10473
Property Type:
Other Residential
Last Verified:
Sep 29, 2022

• 1 Family House That Can Be Redeveloped Into Multi-Family Housing • R5 Zoning - Great Redevelopment Opportunity • Close Proximity to Highways, Buses, and Trains • Local to Various Schools, Public Parks, Retail Amenities, and Hunts Point Market • Zoned to Develop an additional 3 houses on this land. • Current FAR: 0.17

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Map of 627 Underhill Ave , Bronx, NY, 10473

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What are Real Estate Incentives?

Real Estate incentives range widely and have been overlooked by the Commercial Multiple Listing Services (MLS) for decades. Real estate incentives is a generic term used to group any number of programs, such as tax incentives, that are designated by an agency for a geographic area."

Why are Real Estate Incentives Important and to Whom?

"Incentives" are vital today and in the future because:

  • U.S. Public: Many incentives focus on job creation and Affordable Housing
  • Investors and Commercial Developers use incentives to reduce financial risk, obtain gap financing, etc. Investors and developers look for property listings with incentives available.
  • Commercial Real Estate Brokers, in mass, unfortunately do not know about incentives tied to their listings
  • Entire Supply Chain of Real Estate Development such as small and large companies who will provide goods and services to new and revitalized properties.