43,600 BSF Prime Development Opportunity in South Yonkers

Investment Highlights

Zoning & Flexible Commercial Uses:
The property is situated within the Central sub-area of the South Broadway District (SBD), a zoning designation specifically geared toward commercial and mixed-use corridors. With a 4.00 FAR on the 10,900 square-foot lot, the site yields up to 43,600 square feet of total zoning floor area. This allows for a robust mix of by-right applications, including ground-floor retail storefronts, professional or medical office suites, boutique hotels, and integrated live/work spaces.

Development Parameters:
Height in this Central sub-district is capped at 40 feet (approximately four stories). Factoring in the 90% maximum lot coverage, developers can expect a highly efficient, practical buildable footprint ranging from 34,000 to 39,000 square feet.

Residential & Live/Work Potential:
The site can support an estimated 35 to 42 dual-purpose live/work units as of right. Traditional multifamily apartment buildings can be pursued subject to municipal approvals or a use variance; note that residential projects of 20 or more units requiring such approvals will trigger a 10% affordable housing mandate.

Transit & Access:
The location is strategically positioned just 0.2 miles from the Bronx border. The nearby Metro North Ludlow Train Station offers direct access to Midtown Manhattan via Grand Central Station.

Neighborhood Anchors:
The site is located in a rapidly appreciating neighborhood retail corridor. It is within close proximity to major local anchors including The College of Mount Saint Vincent, Saint Joseph's Medical Center, and Van Cortlandt Park.