Real estate watchers are keeping an eye on development in the Bronx, as talks over the future of the 421-a tax break, which greased the skids for new construction in the borough, drag on into the ninth month. Despite the impasse, developers are still planning small buildings in the Bronx.
Today’s crop of permit applications came with plans for a six-story, mixed-use building at 1164 Fox Street, in the Foxhurst section of the South Bronx. The development would replace a decrepit wood-frame house between Intervale Avenue and Home Street. The Freeman Street stop on the elevated 2 and 5 trains is a few blocks away.
There would be 10 units, with two on each floor, stacked on top of a 1,500-square-foot daycare. With 8,135 square feet of residential space, typical units would come in at 813 square feet.
Benjamin Sadykov, doing business as an LLC based in the Diamond District, is the developer. Bedford-Stuyvesant-based architect Frank Estrella applied for the permits.
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