BKREA, led by Bob Knakal, is exclusively marketing a rare full-block development opportunity at 1584 White Plains Road in the Parkchester section of the Bronx. With over 606,000 buildable square feet and transit access steps away, this prime site offers developers a generational opportunity in one of NYC’s fastest-growing submarkets.
Key Highlights:
Massive Development Potential: Spanning 67,947 SF with R8 (C2-4 equivalent) zoning and 7.2 FAR, the site allows up to 606,232 buildable GSF for mixed-use residential and retail.
Transit-Oriented Location: Positioned directly adjacent to the future Parkchester Metro-North Station (2027), offering a 21-minute ride to Midtown Manhattan, plus access to the 6 subway line.
Ready for Immediate Development: Site is cleared, remediated, and demolished, with a Certificate of Completion from the NYSDEC under the Brownfield Cleanup Program.
Incentives & Tax Relief: Eligible for 485x tax abatement and potential FRESH Program incentives, which can increase buildable residential area and reduce operating costs.
High-Growth Submarket: Located in the Parkchester-Morris Park rezoning area, projected to add 20,000+ new residents and 10,000+ daily workers by 2033.
Full-Block Frontage: Offers unmatched street presence at a major Bronx intersection—East Tremont Ave, Unionport Rd, and White Plains Rd—ideal for a flagship mixed-use development.
Frequently Asked Questions (FAQs):
Q: What is the asking price for 1584 White Plains Road?
A: Pricing is available upon request. Interested parties should contact BKREA directly for offering materials.
Q: Is the site currently cleared and ready for construction?
A: Yes, the site is fully cleared, remediated, and demolition is complete—making it ready for immediate development.
Q: What kind of tax incentives are available?
A: The property is eligible for the 485x tax abatement and may qualify for FRESH Program benefits, allowing additional buildable area and reduced tax burden.
Q: What transportation options are nearby?
A: The site is adjacent to the upcoming Parkchester Metro-North station (opening 2027) and is within walking distance of the 6 subway line.
Q: What types of developments are suitable here?
A: Mixed-use residential and retail developments are ideal, with zoning and incentives supporting large-scale community-driven projects.
