Acacia Network files plans for 152-unit affordable project in Morrisania
1356 Fulton Avenue (Credit - Cyclomedia)
Cornelia Narovici of the Acacia Network submitted a new building construction project for a 152-unit, 101,539 square-foot residential (R-2) building at 1356 Fulton Avenue in Morrisania, Bronx. The plan was filed with the New York City Department of Buildings on April 23, 2024 under job number X01028199. It calls for the construction of a nine-story building. The project is described in the filing as: New York City Housing Preservation and Development project for a nine-story new building for AIRS, or Affordable Independent Residence for Seniors. The architect is Saky Yakas.
The site is currently a vacant lot.
The Bronx Times in 2021 reported on a version of the proposal.
The property
The parcel has frontage of 131 feet and is 207 feet deep with a total lot size of 27,486 square feet. The lot is irregular. The zoning is R6 which allows for up to 2.43 times floor area ratio (FAR) for residential. The city-designated market value for the property in 2022 is $1.4 million.
1356 Fulton Avenue Acacia Network Job Number X01028199
| wdt_ID | floor | comment | description | persons_permitted | occupancy_label | zoning_use | dwelling_units |
|---|---|---|---|---|---|---|---|
| 1 | Cellar | STORMWATER DETENTION TANK, WATER METER & PUMP ROOM, GAS METER ROOM, ELECTRIC SWITCH GEAR ROOM, TELECOM & DATA ROOM, ATS ROOM | Mechanical and/or electrical equipment room | 9 | Factory and Industrial | 2B | |
| 2 | Cellar | BUILDING STORAGES, STORAGE CLOSET, | Storage of non combustible Materials | 8 | Storage | 2B | |
| 3 | Cellar | (10) BICYCLE PARKING (290 SF) | Parking Garage | 1 | Storage | 2B | |
| 4 | Cellar | SUPER'S OFFICE & WORKSHOP (ACCESSORY TO RESIDENTIAL) | Apartment | 5 | Residential | 2B | |
| 5 | Cellar | RECREATION ROOMS FOR AIRS (ACCESSORY TO RESIDENTIAL, 1722 SF) | Apartment | 67 | Residential | 2B | |
| 6 | Open Space | (7) PARKING SPACES (OPEN TO SKY, 3678 SF) | Parking Garage | 19 | Storage | 2b | |
| 7 | Open Space | OUTDOOR PASSIVE RECREATION SPACE FOR TENANTS (1517 SF) | Apartment | 8 | Residential | 2B | |
| 8 | 1 | RECREATIONAL ROOMS FOR AIRS (2319 SF) | Apartment | 144 | Residential | 2B | |
| 9 | 1 | PACKAGE STORAGE, STORAGE ROOMS, | Storage of non combustible Materials | 6 | Storage | 2B | |
| 10 | 1 | OFFICES FOR AIRS SOCIAL SERVICE, MEETING ROOM (987 SF) | Apartment | 17 | Residential | 2B | |
| floor | comment | description | persons_permitted | occupancy_label | zoning_use | dwelling_units |
Prior sales and revenue
This property was sold with 5 other properties for $1.8 million on April 12, 2011.
Violations and lawsuits
According to city public data, the property has received one DOB violation, $1,250 in ECB penalties, and $1,250 in OATH penalties in the last year.
There were no lawsuits or bankruptcies filed against the property for the past 24 months.
The neighborhood
In Morrisania, The majority, or 52 percent of the 25.4 million square feet of commercial built space are elevator buildings, with walkup buildings next occupying 20 percent of the space. In sales, Morrisania has near average sales volume among other neighborhoods with $247.2 million in sales volume in the last two years and is the 3rd highest in Bronx. For development, Morrisania has near average amount of major developments among other neighborhoods and is the 21st highest in Bronx. It had 443,066 square feet of commercial and multi-family construction under development in the last two years, which represents 2 percent of the neighborhood’s built space.
The block
On this tax block, PincusCo has identified the owners of six of the 31 commercial properties representing 180,860 square feet of the 437,082 square feet. The largest owner is Arker Companies, followed by Felicita Pena and then Gilbane Co.. On the tax block, there was one new building construction project filed totaling 101,539 square feet. It is a 152-unit, 101,539 square-foot residential (R-2) building submitted by Cornelia Narovici with plans filed April 23, 2024 and it has not been permitted yet.
The surrounding
This is the first commercial real estate event of interest identified within the 400-foot radius of 1356 Fulton Avenue in the past 24 months.
Direct link to the property’s ACRIS page and link to DOB NOW portal.