Asking: $4,200,000 ($80/BSF - $57/BSF)

Transcription

1 BRAX REALTY GROUP LLC 10 Times Square Suite 6064 New York, NY Trinity Avenue & 571 Jackson Avenue Bronx, New York St. Mary s Park Asking: $4,200,000 ($80/BSF - $57/BSF) Please Contact Exclusive Brokers for Additional Information: Michael J. Ferrara BRAX Realty Managing Principal 10 Times Square Suite 6064 New York, New York Office: Cell: MF@braxrealty.com Daniel Thompson Savills Studley Managing Director 399 Park Avenue New York, New York Office: Cell: Dthompson@savills-studley.com

2 BRAX REALTY GROUP LLC 10 Times Square Suite 6064 New York, NY P r o p e r t y D e t a i l s : Address Lot # Lot SF FAR (Residential/CF) +/- BSF (Residential/CF) R.E.T. Zoning Trinity Avenue , /4.8 36,838 / 51,403 $14,244 R7-1, C Jackson Avenue 173 4, /4.8 15,480 / 21,600 $18,656 R7-1, C2-4 Totals: 15,209 52,318 / 73,003 $32,900 R e m a r k s : Block through development site located on Trinity Avenue and Jackson Avenue Currently being occupied by a sheet metal fabricator and will be delivered 100% vacant Long term 49+ year ownership +/- 47 frontage on Trinity Avenue and 49 frontage on Jackson Avenue The properties can be built as of right up to +/- 52,319 BSF for residential use and up to +/- 73,003 BSF for Community Facility use Located across the street from St. Mary s Park and just a 10 minute walk to The Hub Property is within a short walk to the 2, 5 & 6 Subway Line Property is serviced by the Bx17 & Bx19 Bus Lines Assemblage potential in purchasing the neighboring corner site which would bring your as of right BSF to +/- 106,644 BSF or +/- 148,103 BSF with community facility use please see page 8 for more information

3 T a x M a p

4 A e r i a l M a p The Hub Subject Property

5 Z o n i n g : R 7-1, C 2-4

6 P r o p e r t y P h o t o s 571 Jackson Avenue Trinity Avenue

7 F l o o r P l a n s / S u r v e y

8 A s s e m b l a g e P o t e n t i a l Address Lot # Lot SF FAR (Residential/CF) +/- BSF (Residential/CF) R.E.T. Zoning Trinity Avenue , /4.8 36,838 / 51,403 $14,244 R7-1, C Jackson Avenue 173 4, /4.8 15,480 / 21,600 $18,656 R7-1, C2-4 Subject Property Total: 15,209 52,318 / 73,003 $32, East 149 th Street , /4.8 53,822 / 75,100 $36,222 R7-1, C2-4 Potential Assemblage Total: 30, / ,644 / 148,103 $69,122 R7-1, C2-4 R e m a r k s There is potential to purchase the corner block front site outlined in yellow above which if combined with the subject property would bring your as of right buildable square footage to +/- 106,644 BSF or +/- 148,103 BSF with community facility use with a total lot size of 30,855 SF. The current property is leased to BP Gas Station which has a NNN lease for 5 more years and then a 5 year option. There is an additional 5 year option in the lease, but the landlord has the right not to renew at that point. They have been a tenant at this location for 30+ years and currently pay $85,000 NNN. As part of their lease, they are responsible to remove the gas tanks and provide a clean environmental upon lease expiration. Please call to discuss further.