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

Massey Knakal Sells Mixed-Use Development Site In Mount Hope

08/12/2013

A mixed-use development site at 66 East Tremont Avenue, located on the southeast corner of East Tremont and Morris Avenuesin the Mount Hope neighborhood of the Bronx, was sold in an all-cash transaction valued at $670,000.                                                

The lot contains approximately 4,424 square feet and measures 31’ x 85’.  Situated in a R8 / C1-2 zone on a high traffic corridor, the site holds up to approximately 26,632 square feet, offering an ideal opportunity for mixed-use development.

“We received a lot of interest and offers for this corner site due to its mixed-use zoning and location on East Tremont Avenue, a heavily trafficked corridor. Buyers liked its location between Jerome Avenue and the Grand Concourse,” said David Simone, who exclusively represented the seller in this transaction.The property is suitable for new residential, commercial or medical building,” David added.

Massey Knakal specializes in the sale of investment and user properties in the New York Metropolitan area. Since 1988, our agents have closed over 4,500 transactions having a market value in excess of $17 billion.

www.masseyknakal.com

08/12/2013 - 08:40

Source

Cushman & Wakefield Capital Markets Group New York

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