2850 Decatur Ave Bronx, NY 10458
Bedford Park NeighborhoodEstimated payment $5,094/month
About This Lot
Located in the Northwest Bronx, 2850 Decatur Ave, Bronx, NY, presents a prime development opportunity for investors and developers looking to capitalize on the area's expanding residential market. This midblock lot spans a total of 2,898 square feet with dimensions of 25.5x113.58. Zoned R7B, the property offers a Floor Area Ratio (FAR) of 3.0, allowing for a maximum buildable square footage of 8,688 Sq. Ft. Currently, the lot includes a 3,860 square foot building, which will be delivered vacant, providing immediate redevelopment potential. Strategically positioned, the property is within close proximity to multiple subway stations, ensuring seamless access to various parts of New York City. Additionally, this property qualifies for the 485X tax abatement, providing substantial tax benefits and enhancing the overall financial feasibility of your development project. The Northwest Bronx real estate market is experiencing significant growth and revitalization, fueled by ongoing developments and an increasing demand for housing. The area's transformation creates a favorable investment climate, making this an attractive opportunity for builders and investors. Overall, 2850 Decatur Ave offers a unique development opportunity in a rapidly growing section of the Bronx. With favorable zoning, a strategic location, valuable tax incentives, and strong growth potential, this property stands out as a prime option for developers looking to make a lasting impact in the Northwest Bronx community.
Property Details
Property Type
- Land
Est. Annual Taxes
- $4,122
Lot Details
- 2,898 Sq Ft Lot
Community Details
- West Bronx Community
Map
Home Values in the Area
Average Home Value in this Area
Tax History
| Year | Tax Paid | Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. | Land | Improvement |
|---|---|---|---|---|
| 2025 | $4,122 | $21,924 | $4,324 | $17,600 |
| 2024 | $4,122 | $21,924 | $4,292 | $17,632 |
| 2023 | $4,125 | $21,712 | $4,193 | $17,519 |
| 2022 | $3,804 | $47,220 | $9,420 | $37,800 |
| 2021 | $3,769 | $43,380 | $9,420 | $33,960 |
| 2020 | $3,571 | $37,500 | $9,420 | $28,080 |
| 2019 | $3,529 | $35,820 | $9,420 | $26,400 |
| 2018 | $3,391 | $18,093 | $5,339 | $12,754 |
| 2017 | $3,181 | $17,076 | $6,338 | $10,738 |
| 2016 | $2,913 | $16,123 | $5,083 | $11,040 |
| 2015 | $1,723 | $15,225 | $4,070 | $11,155 |
| 2014 | $1,723 | $15,225 | $4,888 | $10,337 |
Property History
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 04/01/2025 04/01/25 | For Sale | $860,000 | -- | -- |
Purchase History
| Date | Type | Sale Price | Title Company |
|---|---|---|---|
| Deed | $487,000 | -- | |
| Deed | $376,000 | -- | |
| Deed | -- | -- |
Mortgage History
| Date | Status | Loan Amount | Loan Type |
|---|---|---|---|
| Open | $108,242 | Unknown | |
| Open | $479,475 | Purchase Money Mortgage | |
| Closed | $479,475 | No Value Available | |
| Previous Owner | $62,891 | No Value Available | |
| Previous Owner | $338,400 | Purchase Money Mortgage | |
| Previous Owner | $18,800 | No Value Available | |
| Previous Owner | $247,000 | No Value Available |
Source: NY State MLS
MLS Number: 11461048
APN: 03279-0059
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