2614-2616 Halperin Avenue - Massey Knakal DESCRIPTION: Massey Knakal Realty Services has been...

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PROPERTY DESCRIPTION: Massey Knakal Realty Services has been retained on an exclusive basis to arrange for the sale of 2614-2616 Halperin Avenue, a 6,857 SF office building with on-site parking for up to ten cars. e building is located in the Morris Park section of the Bronx and is East of Williamsbridge Road and just South of multiple medical facilities including Albert Einstein College of Medicine, Jacobi & Montefiore Medical Centers and Calvary Hospital. e building was constructed in 1975 and benefits from 75’ of frontage on Halperin Avenue, built- out office space, a full fire alarm system, centralized heat and air conditioning and individual electric & gas meters. e property is being marketed as part of a bankruptcy sale. e organization would also consider structuring a sale/leaseback option with the potential purchasers. Currently located on the cusp of three zoning districts (M1-1 / C1-2 / R6), the property has commercial as well as mixed-use development potential. In addition, the subject is ideally located for an office user, investor, or converter to benefit from it’s proximity to major medical insitutions in the immediate area. For further information or inspection, please contact one of the agents listed below. The information contained herein has either been given to us by the owner of the property or obtained from sources that we deem reliable. We have no reason to doubt its accuracy but we do not guarantee it. All zoning, buildable footages and uses must be independently verified. The value of this investment is dependent upon these estimates and assumptions made above, as well as the investment income, the tax bracket, and other factors which your tax advisor and/or legal counsel should evaluate. THE PROSPECTIVE BUYER SHOULD CAREFULLY VERIFY EACH ITEM OF INCOME, AND ALL OTHER INFORMATION HEREIN. 275 Madison Avenue Third Floor New York, NY 10016 212.696.2500 Fax 212.696.0333 www.masseyknakal.com THE BRONX BROOKLYN MANHATTAN NASSAU NEW JERSEY QUEENS STATEN ISLAND WESTCHESTER ~7,000 SF Office Building With On-Site Parking 2614-2616 Halperin Avenue Bronx, NY 10461 ASKING PRICE: $1,395,000 Robert Knakal Chairman [email protected] 212.696.2500 x7777 Nicholas Burns Director of Sales [email protected] 212.696.2500 x7756 Elysa Berlin Director of Sales [email protected] 212.696.2500 x7764 Andrew Essick Senior Associate [email protected] 212.696.2500 x7794 BLOCK / LOT: 4074 / 11 LOCATION: South Side of Halperin Avenue between Williamsbridge Road & Blondell Avenue LOT SIZE (approx.): 75’ x 113’ (irr.) Lot area (approx.): 7,893 SF (irr.) BUILDING 1 SIZE (approx.): 23’ x 101’ (irr.) BUILDING 2 SIZE (approx.): 23’ x 113’ (irr.) buiLding 1 stories: 2 (1st level is covered parking) buiLding 2 stories: 2 TOTAL SF (approx.): 6,857 SF ZONING*: M1-1 / C1-2 / R6 Far*: 1.00 / 2.00 / 2.43 ASSESSMENT (12/13)**: $257,220 re taxes (12/13)**: $26,113 * Approx. 48.54 ft of lot lies in M1-1 district. Remaining 26.46 ft lies in C1-2 / R6 district ** Current ownership receives full tax exemption

Transcript of 2614-2616 Halperin Avenue - Massey Knakal DESCRIPTION: Massey Knakal Realty Services has been...

PROPERTY DESCRIPTION:Massey Knakal Realty Services has been retained on an exclusive basis to arrange for the sale of 2614-2616 Halperin Avenue, a 6,857 SF office building with on-site parking for up to ten cars. The building is located in the Morris Park section of the Bronx and is East of Williamsbridge Road and just South of multiple medical facilities including Albert Einstein College of Medicine, Jacobi & Montefiore Medical Centers and Calvary Hospital. The building was constructed in 1975 and benefits from 75’ of frontage on Halperin Avenue, built-out office space, a full fire alarm system, centralized heat and air conditioning and individual electric & gas meters. The property is being marketed as part of a bankruptcy sale. The organization would also consider structuring a sale/leaseback option with the potential purchasers. Currently located on the cusp of three zoning districts (M1-1 / C1-2 / R6), the property has commercial as well as mixed-use development potential. In addition, the subject is ideally located for an office user, investor, or converter to benefit from it’s proximity to major medical insitutions in the immediate area. For further information or inspection, please contact one of the agents listed below.

The information contained herein has either been given to us by the owner of the property or obtained from sources that we deem reliable. We have no reason to doubt its accuracy but we do not guarantee it. All zoning, buildable footages and uses must be independently verified. The value of this investment is dependent upon these estimates and assumptions made above, as well as the investment income, the tax bracket, and other factors which your tax advisor and/or legal counsel should evaluate. THE PROSPECTIVE BUYER SHOULD CAREFULLY VERIFY EACH ITEM OF INCOME, AND ALL OTHER INFORMATION HEREIN.

275 Madison Avenue • Third Floor • New York, NY 10016 • 212.696.2500 • Fax 212.696.0333www.masseyknakal.com

THE BRONX BROOKLYN MANHATTAN NASSAU NEW JERSEY QUEENS STATEN ISLAND WESTCHESTER

~7,000 SF Office Building With On-Site Parking 2614-2616 Halperin Avenue

Bronx, NY 10461

ASKING PRICE: $1,395,000Robert Knakal

[email protected]

212.696.2500 x7777

Nicholas BurnsDirector of Sales

[email protected] x7756

Elysa BerlinDirector of Sales

[email protected] x7764

Andrew EssickSenior Associate

[email protected] x7794

Block / lot: 4074 / 11

location: South Side of Halperin Avenue between Williamsbridge Road & Blondell Avenue

lot size (approx.): 75’ x 113’ (irr.)Lot area (approx.): 7,893 SF (irr.)Building 1 size (approx.): 23’ x 101’ (irr.)Building 2 size (approx.): 23’ x 113’ (irr.)buiLding 1 stories: 2 (1st level is covered parking)buiLding 2 stories: 2total sf (approx.): 6,857 SFzoning*: M1-1 / C1-2 / R6

Far*: 1.00 / 2.00 / 2.43

assessment (12/13)**: $257,220re taxes (12/13)**: $26,113

* Approx. 48.54 ft of lot lies in M1-1 district. Remaining 26.46 ft lies in C1-2 / R6 district

** Current ownership receives full tax exemption