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

Cushman & Wakefield Retained Exclusively to Sell or NNN Lease Prime Corner Retail Building in the Bronx

09/11/2015

Cushman & Wakefield has been retained on an exclusive basis to sell or lease a retail building at 2922 Third Avenue. The property is located on the corner of Third Avenue and East 152nd Street in “The Hub” section of the South Bronx. The property is available for sale with an asking price of $18,250,000 or on a NNN lease basis.

Offered for the first time in over 15 years, the six-story building is serviced by two elevators, one freight and one passenger, and contains approximately 52,045 square feet. Meticulously maintained and benefiting from tremendous visibility, the building features sprawling floor plates, strong ceiling heights, and a selling-basement. The ground floor offers approximately 7,500 square feet of shopping space, including a wide staircase access to the basement and second floor.

Ideally located in the heart of “The Hub,” the premier shopping district of the South Bronx, the property is in close proximity to multiple bus lines and the 2 and 5 trains at the upgraded 149th Street and Third Avenue station. Additionally, “The Hub” is experiencing a development renaissance that will add approximately over 1,000 residential units and thousands of square feet of prime retail space directly across the street from the subject property.

“This building is attracting attention from both investors and users due to its prime location near successful developments such as The Opera House Hotel, Via Verde, Triangle Plaza, and the upcoming La Central,” said Cushman & Wakefield’s Nick Burns, who is exclusively marketing this property with David Simone.

09/11/2015 - 14:30

Source

Cushman & Wakefield Capital Markets Group New York

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