696 E Fordham Road

Optimal Development Opportunity

The Property’s lot size is 51,242 SF and features 180’ of frontage along East Fordham and an additional 330’ of frontage on Crotona venue. The Site allows for the development of 286,955 ZSF under the City of Yes / UAP programs. The Property sits on a wide corner lot, allowing for multiple different massing scenarios and building designs with ample light and air.

Student Housing Opportunity

Given the proximity to Fordham University, The Site is very well positioned for student housing development. Over half of Fordham University’s student body lives off-campus, presenting strong demand for housing within close proximity to campus. The Arabella, a 165-unit new development rental building located at 448 East 189th street, is leasing to Fordham students, and achieving great rents.

Neighborhood Developments

The Fordham submarket has been the focus of some of the largest new development projects in the Bronx. There is over 1 million square feet that is slated for new development in the immediate submarket. These new projects along East Fordham Road & Webster Avenue will drastically affect the number of units and population size of the booming neighborhood, fostering economic growth and excitement.

Transit-Oriented Location

The Property is just a 10-minute walk to the Fordham Road Metro North MTA station, providing tenants access to midtown Manhattan in less than 25 minutes. 696 E Fordham is also a 15-minute walk to the MTA B & DD subway lines, providing for increased accessibility throughout NYC. The Site is also serviced by numerous bus lines such as the Bx12, Bx22, the BX9 and more.