BRONX, NY 10455 601 Bergen Avenue & 423-425 ... - AGORAFY
601 Bergen Avenue & 423-425 Westchester Avenue BRONX, NY 10455 Prime Mixed-Use Development Site Combined 65,893 Buildable Square Feet (Approx.)
FOR SALE
Asking Price: $8,225,000 $7,225,000 FEATURES
601 Bergen Avenue
423-425 Westchester Avenue
BLOCK/LOT
2362 / 25
2362 / 26
LOT SIZE
25’ x 100’
200.43’ x 120.8’
225.43’ x 120.8’
LOT SF
2,500 SF
BUILDING
Combined
(irregular)
16,655 SF
19,155 SF
(approx.)
(approx.)
(approx.)
ZONING
C4-4
C4-4
FAR (RESIDENTIAL)
3.44
3.44
FAR (COMMERCIAL)
3.4
3.4
FAR (COMMUNITY FACILITY)
6.5
6.5
BSF (RESIDENTIAL)
8,600
57,293
65,893
BSF (COMMERCIAL)
8,500
56,627
65,127
BSF (COMMUNITY FACILITY)
16,250
108,257
124,507
ASSESSMENT (15/16)
$25,224
$241,830
$267,054
TAXES (15/16)
$2,695
$25,837
$28,532
Property Highlights The subject property is a C4-4 zoned, approximately 19,155 square foot development site located on the prime south-east corner of Westchester Avenue and Bergen Avenue in “The Hub” section of the Bronx. Already the premier shopping destination of the south Bronx “The Hub” is experiencing a development renaissance. New developments include the Opera House Hotel, Triangle Plaza, Via Verde, and the upcoming La Central. Combined, these projects will add approximately 1,200 residential units and tens of thousands of square feet of commercial and community facility space. The Hub also benefits from an excellent transportation network with stops for the No. 2 and 5 subway trains at the upgraded 149th Street and Third Avenue station, five bus lines to Manhattan and access to Metro-North, which stops at the Melrose Avenue station now accommodating 25 stops per day. The residential FAR of 3.44 allows for a development of up to approximately 65,893 square feet as per the zoning code. The commercial FAR of 3.4 allows for the development of up to approximately 65,127 square feet. This site offers developers the opportunity to build in one of the tri-state areas most up-and-coming neighborhoods. All development potential and buildable square footage should be independently verified.
For More Information, Please Contact: Nick Burns Director (212) 660-7756 [email protected]
David Simone Direct (212) 660-7725 [email protected]
Michael Fioravanti Associate (212) 589-5119 [email protected]
Cushman & Wakefield 275 Madison Avenue New York, NY 10016 phone: +1 212 696 2500 nyinvestmentsales.com
Cushman & Wakefield Copyright 2015. No warranty or representation, express or implied, is made to the accuracy or completeness 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 the property owner(s). As applicable, we make no representation as to the condition of the property (or properties) in question.
601 Bergen Avenue & 423-425 Westchester Avenue BRONX, NY 10455 Prime Mixed-Use Development Site Combined 65,893 Buildable Square Feet (Approx.)
FOR SALE
Major Retail
Recent Development In The Hub
For More Information, Please Contact: Nick Burns Director (212) 660-7756 [email protected]
David Simone Direct (212) 660-7725 [email protected]
Michael Fioravanti Associate (212) 589-5119 [email protected]
Cushman & Wakefield 275 Madison Avenue New York, NY 10016 phone: +1 212 696 2500 nyinvestmentsales.com
Cushman & Wakefield Copyright 2015. No warranty or representation, express or implied, is made to the accuracy or completeness 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 the property owner(s). As applicable, we make no representation as to the condition of the property (or properties) in question.
FOR SALE
Asking Price: $8,225,000 $7,225,000 FEATURES
601 Bergen Avenue
423-425 Westchester Avenue
BLOCK/LOT
2362 / 25
2362 / 26
LOT SIZE
25’ x 100’
200.43’ x 120.8’
225.43’ x 120.8’
LOT SF
2,500 SF
BUILDING
Combined
(irregular)
16,655 SF
19,155 SF
(approx.)
(approx.)
(approx.)
ZONING
C4-4
C4-4
FAR (RESIDENTIAL)
3.44
3.44
FAR (COMMERCIAL)
3.4
3.4
FAR (COMMUNITY FACILITY)
6.5
6.5
BSF (RESIDENTIAL)
8,600
57,293
65,893
BSF (COMMERCIAL)
8,500
56,627
65,127
BSF (COMMUNITY FACILITY)
16,250
108,257
124,507
ASSESSMENT (15/16)
$25,224
$241,830
$267,054
TAXES (15/16)
$2,695
$25,837
$28,532
Property Highlights The subject property is a C4-4 zoned, approximately 19,155 square foot development site located on the prime south-east corner of Westchester Avenue and Bergen Avenue in “The Hub” section of the Bronx. Already the premier shopping destination of the south Bronx “The Hub” is experiencing a development renaissance. New developments include the Opera House Hotel, Triangle Plaza, Via Verde, and the upcoming La Central. Combined, these projects will add approximately 1,200 residential units and tens of thousands of square feet of commercial and community facility space. The Hub also benefits from an excellent transportation network with stops for the No. 2 and 5 subway trains at the upgraded 149th Street and Third Avenue station, five bus lines to Manhattan and access to Metro-North, which stops at the Melrose Avenue station now accommodating 25 stops per day. The residential FAR of 3.44 allows for a development of up to approximately 65,893 square feet as per the zoning code. The commercial FAR of 3.4 allows for the development of up to approximately 65,127 square feet. This site offers developers the opportunity to build in one of the tri-state areas most up-and-coming neighborhoods. All development potential and buildable square footage should be independently verified.
For More Information, Please Contact: Nick Burns Director (212) 660-7756 [email protected]
David Simone Direct (212) 660-7725 [email protected]
Michael Fioravanti Associate (212) 589-5119 [email protected]
Cushman & Wakefield 275 Madison Avenue New York, NY 10016 phone: +1 212 696 2500 nyinvestmentsales.com
Cushman & Wakefield Copyright 2015. No warranty or representation, express or implied, is made to the accuracy or completeness 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 the property owner(s). As applicable, we make no representation as to the condition of the property (or properties) in question.
601 Bergen Avenue & 423-425 Westchester Avenue BRONX, NY 10455 Prime Mixed-Use Development Site Combined 65,893 Buildable Square Feet (Approx.)
FOR SALE
Major Retail
Recent Development In The Hub
For More Information, Please Contact: Nick Burns Director (212) 660-7756 [email protected]
David Simone Direct (212) 660-7725 [email protected]
Michael Fioravanti Associate (212) 589-5119 [email protected]
Cushman & Wakefield 275 Madison Avenue New York, NY 10016 phone: +1 212 696 2500 nyinvestmentsales.com
Cushman & Wakefield Copyright 2015. No warranty or representation, express or implied, is made to the accuracy or completeness 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 the property owner(s). As applicable, we make no representation as to the condition of the property (or properties) in question.
