761 East 233rd Street, Bronx, NY 10466

Wakefield, Bronx, New York 10466

$7,000,000  

Listing ID Number

25558

Property Description

761-775 East 233rd Street is a 101’ X 211’ (irregular), 69,990 buildable square foot development site. The property is located on northwest corner of 233rd Street and Barnes Avenue in the Wakefield neighborhood of the Bronx. The site currently consists of 5 separate tax lots providing 348 feet of wrap around frontage across 233rd Street and Barnes Avenue. Future ownership will benefit from the neighborhood’s growing development activity as well as the properties close proximity to the White Plains Road retail corridor. National retailers in the area include Key Food, T- Mobile, McDonalds, Rite Aid, Chase Bank, and Dunkin Donuts. The properties are also located just one block from the 233rd Street subway station, which is served by the 2/5 trains. Any future retail will benefit from heavy car traffic with the sites location being within close proximity to the Bronx River Parkway entrance.

• 351’ of retail frontage on the corner of 233rd Street & Barnes Avenue
• One block from the 233rd Street 2 5 express Subway Station
• Allows for approximately 69,990 Buildable Square Feet
• $300,000 has recently been invested towards demolition and environmental
• Within close proximity of White Plains Road retail corridor
• Future retail will benefit from heavy traffic due to proximity of Bronx River Parkway entrance
• Short walk from the Woodlawn Metro North Railroad station

Overview

Building Type:Development/Conversion Sites
Location:Located on the Northwest corner of East 233rd Street and Barnes Avenue.
Lot Dimensions:101' x 211'
Approx.
Buildable Sq. Ft:69,990
Approx.
Zoning:R6A / C2-4 / R5
Assessment Value:$164,946
'17/'18
Taxes:$19,951
'17/'18

Documents

Contact

For further information or inspection, please contact Exclusive Agents:

DJ Johnston
Director
(718) 307 6515
dj.johnston@cushwake.com

Jonathan Squires
Director
(212) 660-7775
Jonathan.Squires@cushwake.com

William Cheng
Director
(718) 606 7037
william.cheng@cushwake.com

Michael Fioravanti
Associate Director
(212) 589-5119
michael.fioravanti@cushwake.com

Bryan Kirk
Associate Director
(718) 307 6516
bryan.kirk@cushwake.com

Joshua Sabzevari
Senior Associate
(718) 307 6521
joshua.sabzevari@cushwake.com


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The information contained herein has either been given to us by the owner of the property or obtained from sources that we deem reliable. We have no reason to doubt its accuracy but we do not guarantee it. All zoning, buildable footages and uses must be independently verified. Vacancy factors used herein are an arbitrary percentage used only as an example. It does not necessarily relate to actual vacancy, if any. The value of this investment is dependent upon these estimates and assumptions made above, as well as the investment income, the tax bracket, and other factors which your tax advisor and/or legal counsel should evaluate. THE PROSPECTIVE BUYER SHOULD CAREFULLY VERIFY EACH ITEM OF INCOME, AND ALL OTHER INFORMATION HEREIN.