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4541 Furman Avenue Update 07/25/22

10-Story Affordable Housing Project Approved in Wakefield

The NYC Mayor's Office has just approved an application for a proposed affordable housing project, at 4541 Furman Avenue in the Bronx's Wakefield neighborhood. This comes several months after the applicant, Markland 4551 LLC, requested a series of zoning map and text amendments to facilitate the project. The two-segment development will consist of a 10-story building and a slightly shorter 9-story building. These will contain 150 affordable and income-restricted units. At least 38 units will be designated as permanently affordable.

The development is set to total over 185,000 square feet. In addition to housing units, it will have 7,146 square feet of ground-floor retail space, 12,000 sqft of community facilities, and a basement-level parking garage with enough room for 52 vehicles.

Currently, the site plays host to a one-story, 24,810 square foot, industrial warehouse. The structure has existed on the property since the 1950s, but it now sits unoccupied and will be demolished. As a result of the project's approval, this lot, along with 16 others, will be combined and rezoned in order to make way for the new development.

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