1584 White Plains Road

Property Description BKREA has been exclusively retained to arrange for the sale of 1584 White Plains Road, a newly re-zoned, prime, shovel-ready, transit-oriented development site spanning a ful city block of 67,947 square feet (including the approved de-mapping of Archer Road and the adjacent triangle) in the heart of Parkchester, Bronx. Strategically located along East Tremont Avenue near Unionport Road, this site offers significant development potential under R8 ( C2-4 equivalent) zoning with a 7.2 FAR within an MIH area, The base ZFA of the site is 489,218 and the zoning also provides for a significant “partially above grade” floor area of about 22,000 square feet which does not count towards ZFA and the FRESH Bonus equates to about 531,218 square feet of above-grade ZFA. Additionally, given the new deductions/bonuses under City of Yes, the gross floor area for this site is approximately 606,232 Gross Square Feet (GSF). The ful-block site’s 22-foot slope from E. Tremont Avenue to Guerlain Street generates at least 22,000 square feet of space which is fuly above grade but qualifies for exemption under NYC’s Non-ZFA Street Facing Retail A lowances. This topographical feature results in much of the retail area not counting toward the building’s Floor Area Ratio (FAR), maximizing usable space while preserving FAR. 67,947 SF Building a Fresh Food Store on the site also qualifies it for the optional FRESH Bonus, adding up to 20,000 square feet of residential floor area based on the store’s size. This incentive increases buildable space while improving community access to healthy food, enhancing the project’s value and neighborhood impact. The upcoming Parkchester Metro-North Station, currently under construction and set to open in 2027 just steps away, wi l provide access to Midtown Manhattan in 21 minutes, positioning this site as a critical hub for housing, retail, and community amenities. The site also offers convenient bus service, with lines including the Bx40, Bx42, and Bx15, which stop at 3rd Avenue and East Tremont. Ownership has completed the full demolition and environmental remediation of the site. They have received the Certificate of Completion from the New York State Department of Environmental Conservation (NYSDEC) pursuant to a Brownfield Clean-up Agreement, with supporting documentation available in the data room.