3537 Bainbridge Ave

For Sale$3,000,000

3537 Bainbridge Ave, The Bronx, NY 10467

  • Land
  • Office (land)

3537 Bainbridge Ave, The Bronx, NY 10467 - Land Space

3537 Bainbridge Ave is located at 3537 Bainbridge Ave in the Norwood neighborhood, NY, The Bronx, 10467.

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Details

  • Sale Price $3,000,000
  • City The Bronx
  • Neighborhood Norwood
  • Zip Code 10467
  • Property Type Land - Office (land)
  • Lot Size 7,762 Sqft
  • Date Updated 05 Feb, 2021

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Description

Bidding Deadline: Thursday, February 18th, 2021 @ 4PM

Ariel Property Advisors presents 3537 Bainbridge Avenue, a prime development opportunity in close proximity to Montefiore Medical Center in the Norwood neighborhood of the Bronx. Located just off the bustling corner of Bainbridge Avenue and East Gun Hill Road, 3537 Bainbridge Avenue’s R7-1 zoning provides developers with unique possibilities. Given the site’s 4.8 FAR with community facility and its proximity to Montefiore Medical Center, the property is an ideal opportunity to develop 37,258 square feet (approximately, as-of-right) for medical-office, life science, research, or other healthcare-oriented non-profit use. Its R7-1 zoning and its location on a ‘wide-street’ (FAR: 4.0 w/ wide-street) also allow developers to build a 31,048 square foot (approximately, as-of-right) residential project.

Currently, 3537 Bainbridge is improved with a two-story convent totaling approximately 8,520 square feet. Notably, the site’s location in a recently created Qualified Opportunity Zone presents qualifying investors with tax benefits associated with the Tax Cuts and Jobs Act of 2017.

In addition to enjoying a central location in the middle of the Montefiore Medical Center Campus, 3537 Bainbridge Avenue is surrounded by several major Bronx attractions. Van Cortlandt Park, Williamsbridge Oval, The Bronx Botanical Gardens, The Bronx Zoo, and both Fordham University and Lehman College are all a short distance from the property.

The 4/D subways lines, the Williams Bridge Metro-North station, The Bronx River Parkway, and the Major Deegan Expressway are all within a half-mile of the property and provide convenient transportation throughout the Bronx and the greater NYC area.

Offering tremendous scale and a prime location in an Opportunity Zone, 3537 Bainbridge is a premier North Bronx development opportunity.

Norwood Demographics

The average household income in zip code 10467 is $52,968, from a total of 37,042 households. In terms of employment, there are 79.44 % white-collar and 20.56 % blue-collar jobs in zip code 10467.

Population

  • Total Population101,255
  • Male Population(47.4 %) 47,987
  • Female Population(52.6 %) 53,268
  • Median Age34.30

Income/Financial

  • Average Household Income$52,968
  • Median Household Income$39,372
  • Median Income Under 25$22,063
  • Median Income 25-44$44,961
  • Median Income 45-64$40,322
  • Median Income Over 65$24,764

Commercial Brokers Register now to add listings

Michael A. Tortorici

Ariel Property Advisors

(212) 544-9500 x 13

Jason M. Gold

Ariel Property Advisors

(212) 544-9500 x 22

Shimon Shkury

Ariel Property Advisors

(212) 544-9500 x 11

Victor Sozio

Ariel Property Advisors

(212) 544-9500 x 12

Jeff Henley

Ariel Property Advisors

(212) 544-9500 x 26