Investment Overview
Asset CRG Advisors, LLC, has been exclusively retained to market 822 Faile St, a prime redevelopment and alteration opportunity in the Hunts Point neighborhood of the Bronx. The property is a four-family brick building with significant air rights, situated on a 5,000 SF lot. The site offers approximately 11,000 SF of as-of-right buildable area and up to 19,500 SF under the UAP, accommodating a potential development of up to 17 residential units.
The property will be delivered fully vacant, providing immediate flexibility for redevelopment and strategically located within a dense commercial and residential corridor, offering strong exposure and access to neighborhood retail, services, and workforce populations.
Investment Highlights
- Prime development/mixed-use opportunity in the Hunts Point neighborhood of the Bronx.
- The property is a four-family brick building with significant air rights, positioned on a 50 x 100-foot lot.
- The site offers a maximum buildable area of approximately 12,150 square feet, supporting the development of up to 17 residential units.
- The property will be delivered fully vacant, providing immediate flexibility for redevelopment.
- Strategically located within a dense commercial and residential corridor, offering strong exposure and access to neighborhood retail, services, and workforce populations.
- Excellent transportation connectivity, with nearby bus routes and subway access via the 6 train at 3rd Avenue–138th Street Station, combined with Hunts Point’s ongoing public and private investment, strong industrial and residential activity, and growth potential, makes this an ideal site for developers or investors seeking a transit-accessible, high-demand Bronx location.