Cushman & Wakefield Retained Exclusively to Sell Development Site in the Bronx
Cushman & Wakefield has been retained on an exclusive basis to sell a development site at 423-425 Westchester and 601 Bergen Avenues. The property is located on the southeast corner of Westchester and Bergen Avenues in “The Hub” section of the South Bronx. The asking price is $8,225,000.
The site consists of two adjacent lots which combine for approximately 19,965 square feet. Situated within a C4-4 zoning district, it features a residential FAR of 3.44, equating to approximately 68,680 buildable square feet. The site also allows for a commercial FAR of 3.4, equating to approximately 67,881 buildable square feet.
Situated in the heart of “The Hub,” the premier shopping district of the South Bronx, the site is in close proximity to multiple bus lines and the 2 and 5 trains. Additionally, the site is surrounded by new developments including The Opera House Hotel, Triangle Plaza, Via Verde, and the upcoming La Central.
The property is being exclusively marketed by Cushman & Wakefield’s Nick Burns and David Simone.