Long Island Sound Waterfront Development Opportunity€¦ · COMMRCIAL GROUP DANIEL HICKEY Rea Etat...

COMMERCIAL GROUP

DA N I E L H I C K E YReal Estate SalespersonM. [email protected]

Houlihan Lawrence Commercial Group800 Westchester Avenue, Suite N517Rye Brook, NY 10573O. 914 798 4900

“The Seaport of The Bronx,” City Island is surrounded by Pelham Bay Park, NYC’s largest. The community draws visitors from The Bronx and Westchester to its famous restaurants. MTA Transit and several major highways serve its approximately 5,000 residents who work throughout NYC and Westchester. Average household income approaching $100k. New townhomes at adjacent development selling for $750k-$1million.

Long Island Sound Waterfront Development Opportunity 2.33 Acres

2 3 3 F O R D H A M P L A C E B R O N X , N Y

O F F E R E D AT $ 5 , 0 0 0 , 0 0 0

COMMERCIAL GROUP



Property Details

Bronx Block 5644, Lot 250 101,680 sf land with 23,700 sf of interior building space Zoned M1-1 surrounded by R3A Currently used as boat yard and sail manufacturing

72,000 sf blacktop and gravel boat yard with new seawall and travel lift

4,000 sf steel and concrete garage with 250 sf office

1,700 sf machine tool shop

5,700 sf greenhouse storage facility opening to Fordham Street

6,000 sf sail manufacturing facility with offices

6,300 sf drive in lower level bulk storage

Phase 2 from 2004: “No recommendation for additional testing or remediation.”

Financial Highlights

Sailmakers pay $4,200 month to month

Party Supply storage pays $1,000 month to month

Ample indoor and outdoor space to generate additional current income

2019 taxes total $52,725.61

Current insurance approximately $20,000

Property Details2 3 3 F O R D H A M P L A C E B R O N X , N Y

O F F E R E D AT $ 5 , 0 0 0 , 0 0 0

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Property Photos2 3 3 F O R D H A M P L A C E B R O N X , N Y

O F F E R E D AT $ 5 , 0 0 0 , 0 0 0

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Highest and Best Use2 3 3 F O R D H A M P L A C E B R O N X , N Y

O F F E R E D AT $ 5 , 0 0 0 , 0 0 0

NYC R3A Zone Regulations: R3A contextual districts feature modest single- and two-family detached residences on zoning lots as narrow as 25 feet in width. New detached homes must have two side yards totaling at least eight feet, but there is no minimum width requirement for either one. R3A districts also permit zero lot line buildings which are set along a side lot line and have one side yard at least eight feet wide. The front yard of a new home must be at least 10 feet deep and, to promote a unified streetscape, it must be as deep as an adjacent front yard but need not exceed a depth of 20 feet. The maximum floor area ratio (FAR) of 0.5 may be increased up to 20% by an attic allowance for the inclusion of space beneath a pitched roof. The perimeter wall may rise to 21 feet before sloping or being set back to a maximum building height of 35 feet. Parking is in the side or rear yard but an in-house garage is allowed if the lot is 35 feet or wider, provided the driveway is at least 18 feet deep. One off-street parking space is required for each dwelling unit.

R E Z O N I N G F R O M M 1 - 1 TO R 3 A E X P E C T E D TO TA K E 1 2 - 1 8 M O N T H S

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COMMERCIAL GROUP



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_. THE PREMISES SHOWN HEREON AS PARCEL "A" ARE LOT NUMBERS 8 TO 15 INCLUSIVE AS ON "MAP OF 43 LOTS BELONGING TO THE ESTATE OF JANE M. HAWKINS" FILED IN THE BRONX COUNTY REGISTERS OFFICE ON JANUARY 24, 1924 AS MAP NO. 754.

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SURVEY OF PROPERTY S/TUA TE IN THE

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e THE DIMENSIONS SHOWN FROM THE STRUCTURES TO THE PROPERTY LINE ARE NOT INTENDED TO BE USED FOR THE ERECTION OF FENCES, STRUCTURES OR /!>J,lY OTHER IMPROVEMENT.

' PREMISES AS DESCRIBED IN DEED RECORDED IN REEL 1875, PAGE 651 LESS THE PROPERTY CONVEYED BY HERBERT A. HILDS TO JOHN BARRON AND RIJTH BARRON BY DEED RECORDED IN LIBER 2676, PAGE 136 IN THE BRONX COUNTY CLERKS OFFICE BOROUGH & COUNTY OF THE BRONX

0 1::NCROACHMENTS BELOW GRADE AND/OR SUBSURFACE FEATURES, IF ANY, NOT LOCATED OR SHOWN HEREON.

w UNAUTHORIZED ALTERATION OR ADDITION TO A SURVEY MAP BEARING A LICENSED LAND SURVEYOR'S SEAL IS A VIOLATION OF SECTION 7209, SUBDIVISION 2, OF THE NEW YORK STATE EDUCATION LAWS.

0 ONLY COPIES FROM THE ORIGINAL OF THIS SURVEY MARKED WITH AN ORIGINAL bF THE LAND SURVEYOR'S SEAL SHALL BE CONSIDERED TO BE TRUE VALID COPIES.

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SCALE: 1"= 20'

SURVEY COMPLETED: OCT. 27, 2004 •

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0 CERTIFICATIONS INDICATED HEREON SIGNIFY THAT THIS MAP WAS PREPARED FROM AN ACTUAL FIELD SURVEY CONDUCTED ON THE DATE SHOWN /!>J,lD THAT SAID SURVEY WAS PERFORMED IN ACCORD/!>J,lCE WITH THE EXISTING • CODE OF PRACTICE FOR L/!>J,lD SURVEYS• ADOPTED BY THE NEW YORK STATE ASSOCIATION OF PROFESSIONAL L/!>J,lD SURVEYORS. THIS CERTIFICATION SHALL RUN ONLY TO THE PARTY FOR WHOM THIS SURVEY WAS PREPARED AND ON THEIR BEHALF TO THE TITLE COMPANY /!>J,lD LENDING INSTITUTION LISTED HEREON. THIS CERTIFICATION SHALL NOT BE TRANSFERABLE.

CERTIFIED TO:

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ALL NEW YORK TITLE AGENCY,INC. (TITLE NO. ANY2004-2050) FIRST AMERICAN TITLE INSURENCE COMPANY OF NEW YORK JRP INDUSTRIES, LLC THE BANK OF NEW YORK, its successors and/or assigns

Link Land Surveyors P.c.

21 Clark Place, Suite 1-B Mahopac N.Y. 10541

Phone 845-628-5857 Fax 845-621-0013 •

ROLAND K LINK NEW YORK STATE LICENSED LAND SURVEYOR NO. 044228

Property Survey2 3 3 F O R D H A M P L A C E B R O N X , N Y

O F F E R E D AT $ 5 , 0 0 0 , 0 0 0

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3/13/2019 233 Fordham Pl | PropertyShark

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233 Fordham Pl, Bronx, NY 10464

Demographics

Demographic data shown in this section was gathered from the 2014 American Community Survey and refers to zip code 10464.

Population Demographics

Total population 4,532Female population 55.9%Male population 44.1%Median age 48.4Male median age 45.3Female median age 53.4

Education

No highschool 0.8%Some highschool or college 51.1%Bachelors degree 17.7%

Other

Citizens 97.4%Citizens born in US 90.7%English speakers 100.0%

Journey to Work

Work in a metropolitan area 100.0%Work at home 6.0%Go to work by car 71.7%Go to work after 10 am 11.7%

Economic/Employment

Average household income $90,265White collar 87.7%Blue collar 12.3%

Housing

Family households 52.2%Households with kids 20.6%Housing units 2,306Occupied housing units 2,141Owner occupied units 56.7%Average number of people perhousehold

2.11

Median year structure built 1939Houses with mortgages 71.0%

Wealth

Median value for units with amortgage

$474,300

Median value for units without amortgage

$493,800

Median gross rent $1,338Median housing costs per month $1,504Population in poverty 4.1%

Daniel [email protected]

Phone 917-586-0064Demographics2 3 3 F O R D H A M P L A C E B R O N X , N Y

O F F E R E D AT $ 5 , 0 0 0 , 0 0 0

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Aerial View2 3 3 F O R D H A M P L A C E B R O N X , N Y

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Regional Map2 3 3 F O R D H A M P L A C E B R O N X , N Y

O F F E R E D AT $ 5 , 0 0 0 , 0 0 0

The information contained in this Offering Memorandum is confidential, furnished solely for the purpose of review by a prospective purchaser of certain information relating to the property mentioned herein (the “Property”), and is not to be used for any other purpose or made available to any other person without the prior written consent of HLCG. The material is subject to errors and omissions and based on part upon information supplied by sources deemed reliable.

Long Island Sound Waterfront Development Opportunity€¦ · COMMRCIAL GROUP DANIEL HICKEY Rea Etat...

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