407-409 E 158TH STREET34,094 BUILDABLE SF DEVELOPMENT SITELocated In The Melrose Neighborhood Of The Bronx

CUSHMAN & WAKEFIELD 1

407-409 EAST 158TH STREET - PROPERTY OVERVIEW

Location: Located on the north side of 158th Street between Elton and Melrose Avenues.

Block & Lot: 2380 - 35 & 36

Lot Dimensions: 50' x 100' (irregular)

Lot Size: 5,000 SF (approx.)

Zoning: C1-4, R8

Residential FAR: 6.80

Total Residential Buildable SF: 34,094 SF (approx.)

Assessment (19/20): $13,707

Taxes (19/20): $2,867

Cushman & Wakefield has been retained on an exclusive basis to arrange for the sale of 407-409 East 158th Street, a residential development site located in the Melrose neighborhood of the Bronx. Located on the north side of East 158th Street between Melrose Avenue and Elton Avenue, the 50’ x 100’ site boasts approximately 34,094 buildable square feet.

The site is within walking distance of the highly anticipated Bronx Commons development located at 443 East 162nd Street. Developed by WHEDco and BFC Partners, Bronx Commons will be anchored by Bronx Music Hall, a 14,000-square-foot cultural and educational center with a performance space that seats 300. Additionally, the development will include a landscaped public plaza and 22,000 SF of retail. 407-409 East 158th street provides the perfect opportunity for an investor to capitalize on the development in the neighborhood.

The properties are also a short walk away from ‘The Hub,’ also known as the ‘Time Square of the Bronx.’ The bustling neighborhood center provides immediate access to many national retailers and the 3rd Ave – 149th Street subway station which is serviced by both the @ & % subway lines. Additionally, the site is within walking distance of the Melrose Metro North stop.

Property Description: Property Features:

• 34,094 buildable square feet

• R8, R7 & C1-4 zoning

• Close proximity to the 3rd Ave – 149th Street @ & % Subway Station as well as the Melrose MTA Station

Highlights:

PRICE PER BUILDABLE SQUARE FOOT: $79

Financial Summary:

ASKING PRICE: $2,700,000

CUSHMAN & WAKEFIELD 2

407-409 EAST 158TH STREET - PROPERTY PICTURES

CUSHMAN & WAKEFIELD 3

407-409 EAST 158TH STREET - RENDERINGS

CUSHMAN & WAKEFIELD 4

407-409 EAST 158TH STREET - LOCATION OVERVIEW

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PARKFORESTPARK

RIVERSIDE PARK

HUDSON RIVER PARKHIGHBRIDGE

PARK

JACOBRIIS

PARK

LIBERTYISLAND

ELLISISLAND

NEW YORKTRANSIT MUSEUM

southboundnorthbound

southbound

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

GLENDALEWOODHAVEN

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

BUSHWICK

RIDGEWOOD

MASPETH

DUMBO

NAVYYARD

MTA

Sta

ten

Islan

d Rai l

way

Grasmere

St. George

Tompkinsville

Stapleton

Clifton S51

Old Town

Dongan Hills

Jefferson AvGrant City

S51/81 New Dorp

Oakwood Heights S57

Bay Terrace

Great KillsS54 X7 X8

Eltingville

Annadale S55

Huguenot S55 X17 X19

Prince's Bay S56

Pleasant Plains

Richmond ValleyNassauS78

AtlanticS78

Tottenville S78

RICHMOND TERRACE

VICTORY BLVD

VA

ND

ER

BIL

T A

V

ARTHUR KILL RD

STATEN ISLAND EXPRESSWAY VERRAZANO-NARROWS BRIDGE

FOREST AV

HYLA

N

BLV

D

HYLAN BLVD

AR

TH

UR

KIL

L RD

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

CLOVELAKESPARKSTATEN

ISLAND

PORTRICHMOND

WEST NEWBRIGHTON

MARINERSHARBOR

FOXHILLS ROSEBANK

CASTLETONCORNERS

BULLSHEAD

CHELSEA

WESTERLEIGH

TODTHILL

NEWDORPBEACH

WOODROWROSSVILLE

CHARLESTON

ARDENHEIGHTS

FRESHKILLS

RICHMONDTOWN

TOTTENVILLEBEACH

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 2015

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 bus and railroad connections

PoliceM60

© 2015 Metropolitan Transportation Authority

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

Auburndale

Weekends

Late nights (midnight to 6am, daily)

42 St

No service-use C D Q

Delancey St/Essex St–

Metropolitan Av

57 St/7 Av–Coney Island

Dyre Av–Bowling Green

No service-use A D Q

No service-use A

Localservice

Local inBrooklyn

Local, 207 St–Far Rockaway.

Euclid Av-LeffertsBlvd Shuttle

Myrtle Av–Metropolitan Av

Shuttle

No service-use 7

Localservice

Local, 57 St/7 Av–Coney Island

Local via LowerManhattan

36 St–95 St,BrooklynShuttle

Dyre Av–E180 StShuttle

148 St–Times Sq/42 St

Local, Woodlawn–New Lots AvSkips Hoyt St

Transportation Map:

407-409 E 158TH STREET

45min

35min

to Times Square via

to Grand Central via

2

4

YANKEE STADIUM

THE HUB

Cushman & Wakefield Copyright 2019.  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.

For more information contact:

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

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

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

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

Shayne Soltan(212) 660 7787shayne.soltan@cushwake.com