Press Release brought to you by Cushman & Wakefield Capital Markets Group New York

Cushman & Wakefield Retained Exclusively to Sell Development Site in Mott Haven with up to Approximately 294,836 Buildable Square Feet for Residential Development

02/19/2015

Cushman & Wakefield has been retained on an exclusive basis to sell a development site at 210 East 135th Street, located off of Third Avenue in the Mott Haven section of the Bronx.  The asking price is $15,500,000.

The approximately 48,976 square foot site is zoned R8 / M1-2.  It has a residential FAR of 6.02 allowing for a development of up to approximately 294,836 square feet and a manufacturing FAR of 5.0 allowing for a development of up to approximately 244,880 square feet.

The property lies within the rezoned Lower Concourse section of the Bronx.  Mayor de Blasio recently announced a $200 million investment in the area that would go toward creating 4,000 affordable housing units and constructing new public open space, roads, and other infrastructure upgrades.  This public investment combined with several large private investments will undoubtedly lead to a resurgence in this section of the South Bronx.

This property is being marketed exclusively by Cushman & Wakefield’s David Simone.

02/19/2015 - 16:00

Source

Cushman & Wakefield Capital Markets Group New York

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