1590 JEROME AVENUE34,500 BSF DEVELOPMENT SITE

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CUSHMAN & WAKEFIELD 1

1590 JEROME AVENUE - PROPERTY OVERVIEW

Financial Summary:

ASKING PRICE: $2,400,000

PRICE PER BUILDABLE SQUARE FOOT: $70

Location: The east side of Jerome Avenue between East Mount Eden Avenue and the Cross Bronx Expressway

Block & Lot: 2847-5

Lot Dimensions: 75' x 100'

Lot Size: 7,500 SF (approx.)

Zoning: R7A (Previously R7-1)

Residential FAR: 4.60 (Previously 4.00)

Total Resi. Buildable SF: 34,500 SF (approx.)

Assessment (18/19): $132,930

Taxes (18/19): $13,976

1590 Jerome Avenue is a 75’ wide development site with approximately 34,500 buildable square feet. The site is located on the east side of Jerome Avenue between Mt. Eden Avenue and Featherbed Lane. The Mt. Eden Avenue subway station which is serviced by the 4 line is located on the same block as the property.

1590 Jerome Avenue is located in the recently rezoned Jerome Avenue district which was passed earlier this year. The new zoning seeks to transform low-density manufacturing strips into lively residential development districts with mid-rise apartment buildings, thriving retail, and community facilities. The subject property was rezoned from C4-4 to R7A giving it an FAR of 4.6.

Future development will benefit greatly from the changing landscape that will soon feature bustling retail and new residential buildings. The rezoning will give the greater Jerome Avenue neighborhood the opportunity to offer not only new housing but also recreation spaces, clean parks, and safer pedestrian walkways.

Property Description: Property Features:

• Same block as the Mt. Eden Avenue 4 subway station

• 75’ wide development site

• Approximately 34,500 buildable square feet

• Located in the Jerome Avenue rezoning district

• Recently up-zoned to R7A

Highlights:

CUSHMAN & WAKEFIELD 2

1590 JEROME AVENUE - LOCATION OVERVIEW

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181 StA

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183 St4

Burnside Av4

176 St4

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170 St4

174 St2•5

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116 St6

72 StB•C

81 St–Museum of Natural History B•C

86 St B•C

96 StB•C

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174–175 StsB•D

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Gun Hill Rd 2•5

219 St 2•5

225 St2•5

233 St2•5

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Baychester Av5

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167 StB•D

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231 St1

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111 StJ

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14 St

23 St

33 St

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MarbleHill

WTC

VANCORTLANDT

PARK

BRONXZOO

PELHAMBAY

PARK

ORCHARDBEACH

CENTRALPARK

WASHINGTONSQUARE PARK

METROPOLITANMUSEUMOF ART

RANDALLSISLAND

JAVITSCENTER

RIVERBANKSTATE PARK

INWOODHILL PARK

FORT TRYONPARK

UNITEDNATIONS

FLUSHINGMEADOWSCORONA

PARK

PROSPECTPARK

BROOKLYNBOTANICGARDEN

FORT GREENEPARK

GREEN-WOODCEMETERY

LAGUARDIAAIRPORT

JFKINTERNATIONAL

AIRPORT

JAMAICABAY

WILDLIFEREFUGE

GATEWAYNATIONAL

RECREATIONAREA–

JAMAICA BAY

EASTRIVERPARK

BROOKLYNBRIDGEPARK

KISSENAPARK

CUNNINGHAMPARK

MARINEPARK

FLOYDBENNETT

FIELD

JUNIPERVALLEY

PARKFOREST

PARK

RIVERSIDE PARK

HUDSON RIVER PARK

HIGHBRIDGEPARK

JACOBRIIS

PARK

LIBERTYISLAND

ELLISISLAND

NEW YORKTRANSIT MUSEUM

2,3 andnorthbound4,5

southbound

northbound

southbound

north

bound

southbound only

6

SexceptSexcept

7

BROOKLYN

MANHATTAN

QUEENS

THEBRONX

FINANCIALDISTRICT

BATTERY PARK CITY

CHINATOWN

LITTLE ITALYSOHO

TRIBECA

GREENWICHVILLAGE

CHELSEA

WESTSIDE

UPPEREASTSIDE

UPPERWESTSIDE

EASTHARLEM

HARLEM

WASHINGTONHEIGHTS

EASTVILLAGE

LOWEREAST SIDE

NOHO

RIVERDALE

KINGSBRIDGE

HIGH-BRIDGE

FORDHAM

TREMONT

MORRISANIA

THE HUB

HUNTS POINT

RIKERSISLAND

MOTT HAVEN

SOUNDVIEW

PARKCHESTER

CITYISLAND

BAYCHESTER

CO-OPCITY

EASTCHESTER

ASTORIA

LONGISLAND

CITY

ROOSEVELTISLAND

JACKSONHEIGHTS

CORONA

FLUSHING

HILLCREST

FRESHMEADOWS

JAMAICAESTATES

JAMAICA

HOLLIS

QUEENSVILLAGE

KEWGARDENS

KEWGARDENS

HILLS

RICHMONDHILL

FORESTHILLS

REGO PARK

MIDDLEVILLAGE

GLENDALE

WOODHAVEN

OZONEPARK

HOWARD BEACHEASTNEWYORK

OCEAN HILL-BROWNSVILLE

CANARSIE

EASTFLATBUSH

MIDWOOD

BENSONHURST

FLATBUSH

PARKSLOPE

REDHOOK

GOVERNORSISLAND

CARROLLGARDENS

FLATLANDS

ROCKAWAYPARK

BREEZYPOINT

SHEEPSHEADBAY

BRIGHTONBEACH

CONEY ISLAND

BAY RIDGE

BOROUGHPARK

SUNSETPARK

BROOKLYNHEIGHTS

WILLIAMSBURG

FORT GREENE

GREENPOINT

BEDFORD-STUYVESANT

CROWNHEIGHTS

MASPETH

DUMBO

NAVYYARD

MTA

Sta

ten

Isla

nd R

ailw

ay

Grasmere

St. George

Tompkinsville

Stapleton

Clifton S51

Old Town

Dongan Hills

Jefferson AvGrant City

S51/81

New Dorp

Oakwood HeightsS57

Bay Terrace

Great KillsS54 X7 X8

Eltingville

Annadale S55

Huguenot S55 X17 X19

Prince's BayS56

Pleasant Plains

Richmond ValleyArthur Kill

Tottenville S78

RICHMOND TERRACE

VICTORY BLVD

VA

ND

ER

BIL

T A

V

ARTHUR KILL RD

STATEN ISLAND EXPRESSWAY VERRAZANO-NARROWS BRIDGE

FOREST AV

HY

LA

N

B

LVD

HYLAN BLVD

AR

TH

UR

KIL

L R

D

WE

ST

SH

OR

E E

XP

WY

RIC

HM

ON

D A

V

SILVERLAKEPARK

SNUG HARBORCULTURAL CENTER

COLLEGE OFSTATEN ISLAND

SEAVIEW

HOSPITALSTATENISLANDMALL

NEWSPRINGVILLE

PARK

LA TOURETTEPARK

GREATKILLSPARK

CLOVELAKESPARK

STATENISLAND

PORTRICHMOND

WEST NEWBRIGHTON

MARINERSHARBOR

FOXHILLS ROSEBANK

CASTLETONCORNERS

BULLSHEAD

CHELSEA

WESTERLEIGH

TODTHILL

NEWDORPBEACH

WOODROWROSSVILLE

CHARLESTON

ARDENHEIGHTS

FRESHKILLS

RICHMONDTOWN

The subway operates 24 hours a day, but not all lines operate at all times. Call our Travel Information Center at 511 for more information in English or Spanish (24 hours) or ask an agent for help in all other languages (6AM to 10PM).

To show service more clearly, geography on this map has been modified.

visit www.mta.info

Key

September 2017

Full time servicePart time service

All trains stop (local and express service)

Local service onlyRush hour line

extension

Free subway transferFree out-of-system subway transfer (excluding single-ride ticket)

Terminal

Bus or AIRTRAINto airport

Accessiblestation

Commuter rail service

Bus to airport

StationName

A•B

New York City Subwaywith airport and railroad connections

Police

© 2017 Metropolitan Transportation Authority

This map depicts weekday service.On weekends and late nights, these routes change:

Weekends

Late nights (midnight to 6am, daily)

Manhattan bound N skips stops dueto constructionuntil early 2018

Coney Island bound N skips stops dueto constructionuntil fall 2018

Weekends: No service atPark Place, Wall St, Clark St, Hoyt St;

use nearby stations

Auburndale

No service-use CDQ

Delancey St/Essex St-

Broadway Junction.And M shuttle

Dyre Av-South Ferry

No service ParkPlace-Hoyt St

No service-use ADQ

No service-use A

Localservice

Local inBrooklyn

Local, 207 St-Far Rockaway.

Euclid Av-LeffertsBlvd Shuttle

42 St

No service-use 7

Localservice

No service-use N

Localservice

Local, viaFinancialDistrict

Local inManhattan,

via ManhattanBridge

Whitehall St-95 St

148 St-Times Sq/42 St

Local, Woodlawn-New Lots AvSkips Hoyt St

Dyre Av-E180 StShuttle

148 St-14 St Woodlawn-New Lots Av

Local inBrooklyn

241 St-Flatbush Av

Local inBrooklyn

No service-use NR

M shuttleonly

‘‘

‘

‘

No btw Myrtle Avand Myrtle/Wyckoff Avs

‘

Free buses provide alternateservice until spring 2018

Transportation Map:

1590 Jerome Avenue

25min to Grand Central via

East Mount Eden Avenue

Jero

me

Ave

nu

e

Tow

nse

nd

Ave

nu

e

Cross Bronx Expressway

Tax Map:

Cushman & Wakefield Copyright 2018.  No warranty or representation, express or implied, is made to the accuracy or completeness of the information contained herein, and same is submitted subject to errors, omissions, change of price, rental or other conditions, withdrawal without notice, and to any special listing conditions imposed by the property owner(s). As applicable, we make no representation as to the condition of the property (or properties) in question.

CUSHMAN & WAKEFIELD1290 Avenue Of The Americas, 8th Floor, New York, NY 10104

phone: +1 212 696 2500 | nyinvestmentsales.com

For more information contact:

Jonathan SquiresDirector(212) 660 7775jonathan.squires@cushwake.com

Michael FioravantiAssociate Director(212) 589 5119michael.fioravanti@cushwake.com

Josh NeustadterAssociate(212) 660 7739josh.neustadter@cushwake.com

Addison BernikerAssociate(212) 841 5099addison.berniker@cushwake.com