Description

Rare chance to develop four two-family detached homes in the desirable Van Cortlandt Village neighborhood of the Bronx. Prime opportunity for builders or investors looking for a shovel-ready project in a thriving residential area with strong rental and resale potential. Proposed drawings attached.

Development Opportunity:
-Four two-family detached homes, each with two parking spaces
-Lot size: 14,908 sq ft
-Total buildable area: Approx. 3,700 sq ft + cellar per home
-Each residence: 3 stories, approx. 1,200 sq ft per floor
-Layout: 3-bedroom apartment below a 4-bedroom duplex above

Available for the first time since its construction in the 1920s, 3850 Cannon Place is a two-family house, situated on a massive oversized lot- a rare opportunity in this part of the city. Located in the Kingsbridge Heights neighborhood of the Bronx, the property features three units and retains much of its early 20th-century character.

Built on top of a hill with entrances via the 2 car garage or through a private stairway, this compound includes multiple fruiting trees, including Persimmon trees, a huge cherry tree, apple tree, plum tree, walnut tree, and grape vines, an original carriage house, and plenty of fully enclosed yard space. Surrounded by greenery, you’ll feel as if you are in an oasis outside the city, or in your own private park.

Architecture fans will appreciate the 1920’s charm throughout the home- including a wood-burning fireplace, inlaid hardwood floors, original crown molding, wainscoting and ceiling medallions.

The main level of the home splits the classic mahogany stairway into two separate one bedroom, one bathroom apartments.

The second floor apartment is a three bedroom one bathroom unit with a large eat in kitchen and a massive terrace. The attic level provides an additional office space and plenty of storage.

The basement of the home is very large and features tons of storage space, laundry, and access to the yard and garage. There is also a large cedar closet for coat storage. This is a great opportunity to re-finish the space and make it your own!

Located just a few short blocks from the 238th Street #1 train station, this home offers easy access to local and express buses, the Deegan Expressway, Henry Hudson Parkway, and the George Washington Bridge – a commuter’s dream. Nearby Kingsbridge shopping includes local conveniences, Target, Marshall’s, BJ’s, TJ Maxx, and Stop & Shop. For outdoor enthusiasts, Van Cortlandt Park is just down the street, offering an array of outdoor activities. Reach out today to make this one of a kind property yours.
Listing courtesy of Compass ...
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