4541 Furman Avenue
Wakefield Affordable Housing Project Starts Public Review
An affordable housing development, proposed for 4541 Furman Avenue in the Bronx's Wakefield neighborhood is now being reviewed by the Borough President. Several months ago, applicant, Markland 4551 LLC requested a series of zoning map and text amendments to facilitate a 10-story building, containing 150 affordable and income-restricted units. Of these units, 38 will be designated as permanently affordable.
The development would total over 138,000 square feet. In addition to housing units, it would have ground-floor retail space, 12,000 sqft of community facilities, and a basement-level parking garage with enough room for 22 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, and it currently sits unoccupied. Approval of the proposed project would necessitate its demolition. This lot, along with 16 others, would then need to be combined and rezoned to make way for the new development.