1491 jerome avenue bronx, ny - Agorafy
1491 JEROME AVENUE BRONX, NY
Prime Development / Retail Opportunity Approximately 42,800 Buildable Square Feet
FOR SALE
119’
70’
92’
100’
BUILDING FEATURES
LOCATION
149’
Located on the northwest corner of West 172nd Street and Jerome Avenue
BLOCK / LOT
2858 / 9
ASKING PRICE
LOT DIMENSIONS
209’ x 148’ (Irregular)
$3,900,000
BUILDING DIMENSIONS
209’ x 148’ (Irregular)
PROPERTY FEATURES
STORIES GROSS SF
1 21,400 (Approximate)
ZONING / FAR
C8-3 / 2.00 6.5
COMMUNITY FACILITY FAR
LOT SIZE
21,400 (Approximate)
TOTAL BSF (COMMERCIAL)
42,800 (Approximate)
TOTAL BSF (COMMUNITY FACILITY)
139,100 (Approximate)
ASSESSMENT (15/16)
$292,100
TAXES (15/16)
$31,209
1491 Jerome Avenue is a one story commercial building featuring 148 feet of frontage on Jerome Avenue and is located on the southwest corner of West 172nd Street. The property lies within the Jerome Avenue Study area. In support of Mayor de Blasio’s Housing New York Plan, the Department of City Planning (DCP) is leading a ground-up neighborhood planning study to revitalize a two-mile stretch of Jerome Avenue with the aim of supporting surrounding neighborhoods in Community Districts 4 and 5 in the Bronx. The study and plan will include land use and zoning changes and the application of a mandatory Inclusionary Housing program within the area to promote affordable housing. Once approved, the rezoning will spur development in an area that has great subway access. The approximately 21,400 square foot property is currently vacant and in need of a renovation. The current zoning is C8-3 and has a F.A.R. of 2.0 which allows for approximately 42,800 buildable square feet. The number 4 train is located just two blocks to the north as well as two blocks to the south. Additionally, the B & D trains are located on the Grand Concourse and E 170th St.
FOR MORE INFORMATION, PLEASE CONTACT: David Simone Director (212) 660 - 7725 [email protected]
Michael Fioravanti Associate (212) 589 - 5119 [email protected]
CUSHMAN & WAKEFIELD 275 Madison Avenue – Third Floor New York, NY 10016 nyinvestmentsales.com
No warranty or representation, express or implied, is made as to the accuracy of the information contained herein, and same is submitted subject to errors, omissions, change of price, rental or other conditions, withdrawal without notice, and to any special listing conditions, imposed by our client. The depiction in the above photography of any person, entity, sign, logo or property (other than Cushman & Wakefield’s client and the Property offered by Cushman & Wakefield) is incidental only, and is not intended to connote any affiliation, connection, association, sponsorship or approval by or between that which is incidentally depicted and Cushman & Wakefield or its client.
Prime Development / Retail Opportunity Approximately 42,800 Buildable Square Feet
FOR SALE
119’
70’
92’
100’
BUILDING FEATURES
LOCATION
149’
Located on the northwest corner of West 172nd Street and Jerome Avenue
BLOCK / LOT
2858 / 9
ASKING PRICE
LOT DIMENSIONS
209’ x 148’ (Irregular)
$3,900,000
BUILDING DIMENSIONS
209’ x 148’ (Irregular)
PROPERTY FEATURES
STORIES GROSS SF
1 21,400 (Approximate)
ZONING / FAR
C8-3 / 2.00 6.5
COMMUNITY FACILITY FAR
LOT SIZE
21,400 (Approximate)
TOTAL BSF (COMMERCIAL)
42,800 (Approximate)
TOTAL BSF (COMMUNITY FACILITY)
139,100 (Approximate)
ASSESSMENT (15/16)
$292,100
TAXES (15/16)
$31,209
1491 Jerome Avenue is a one story commercial building featuring 148 feet of frontage on Jerome Avenue and is located on the southwest corner of West 172nd Street. The property lies within the Jerome Avenue Study area. In support of Mayor de Blasio’s Housing New York Plan, the Department of City Planning (DCP) is leading a ground-up neighborhood planning study to revitalize a two-mile stretch of Jerome Avenue with the aim of supporting surrounding neighborhoods in Community Districts 4 and 5 in the Bronx. The study and plan will include land use and zoning changes and the application of a mandatory Inclusionary Housing program within the area to promote affordable housing. Once approved, the rezoning will spur development in an area that has great subway access. The approximately 21,400 square foot property is currently vacant and in need of a renovation. The current zoning is C8-3 and has a F.A.R. of 2.0 which allows for approximately 42,800 buildable square feet. The number 4 train is located just two blocks to the north as well as two blocks to the south. Additionally, the B & D trains are located on the Grand Concourse and E 170th St.
FOR MORE INFORMATION, PLEASE CONTACT: David Simone Director (212) 660 - 7725 [email protected]
Michael Fioravanti Associate (212) 589 - 5119 [email protected]
CUSHMAN & WAKEFIELD 275 Madison Avenue – Third Floor New York, NY 10016 nyinvestmentsales.com
No warranty or representation, express or implied, is made as to the accuracy of the information contained herein, and same is submitted subject to errors, omissions, change of price, rental or other conditions, withdrawal without notice, and to any special listing conditions, imposed by our client. The depiction in the above photography of any person, entity, sign, logo or property (other than Cushman & Wakefield’s client and the Property offered by Cushman & Wakefield) is incidental only, and is not intended to connote any affiliation, connection, association, sponsorship or approval by or between that which is incidentally depicted and Cushman & Wakefield or its client.
