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3950000 4551 Third Avenue, Bronx, Ny 10458 39478 C4-4D 175' Belmont Opportunity Zone

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3950000 4551 Third Avenue, Bronx, Ny 10458 39478 C4-4D 175' Belmont Opportunity Zone 4551 THIRD AVENUE, BRONX, NY 10458 Corner One Story Retail Property with Development Opportunity, Qualified Opportunity Zone Location, Across the Street from Saint Barnabas Campus| FOR SALE 3 rd Avenue East 184 th Street Bathgate Avenue East 183 rd East 184 Street th Street Saint Barnabas Hospital 39,478 C4-4D 175' BELMONT OPPORTUNITY ZONE Buildable SF w/ Inclusionary Housing Zoning Retail Frontage Location Location PROPERTY INFORMATION PROPERTY DESCRIPTION Block / Lot 3052 / 11 Ariel Property Advisors is pleased to present 4551 Third Avenue, a prime corner commercial property with development rights, located across the street from Saint Lot Dimensions 40' x 137.08' Barnabas Hospital in the Belmont section of the Bronx. Located on the bustling corner of Third Avenue and 184th street, 4551 Third Avenue’s Lot Size 5,483 Sq. Ft. (Approx.) C4-4D zoning provides developers with unique mixed-use possibilities. Spanning 40’ x 137’ lot size, this asset is in an Inclusionary Housing Zone, that allows for a boost in FAR if Building Dimensions 40' x 67' developed with an affordable component. The C4-4D zoning (FAR: 7.2 with inclusionary housing, 5.4 on the as-of right) provides 39,478 in total buildable square feet, with close Stories 1 to 175 feet of wraparound retail frontage. Units 4 Given the site’s 6.5 FAR with community facility and its proximity to Saint Barnabas Hospital, the property is an ideal opportunity to develop 35,639 square feet for medical- office, life science, research or other healthcare-oriented non-profit use. The zoning Building Size 2,680 Sq. Ft. (Approx.) also allows for commercial development (FAR: 3.4) to develop office and retail space in a high foot traffic area. Zoning C4-D (R8A Residential Equivalent) Currently 4551 Third Avenue is improved is a 2,680 square foot 1-story building, which Residential Residential Community contains three retail units (two vacant). Notably, the site’s location in a newly created Inclusionary Base Floor Facility Commercial Qualified Opportunity Zone presents qualifying investors with tax benefits associated Floor Area Area with the Opportunity Zone provision in the Tax Cuts and Jobs Act of 2017. FAR 7.2 5.4 6.5 3.40 4551 Third Avenue is situated in the heart of the Saint Barnabas Hospital Campus, on a heavily trafficked area of Third Avenue. The property is located just a few blocks from Buildable SF 39,478 29,608 35,640 18,642 the famous Arthur Avenue, offering immediate access to popular eateries in the heart of (Approx. As-of-Right) The Bronx’s Little Italy. The building’s proximity to Fordham University makes it a natural destination for the area’s many students seeking quality housing options. Easy access to Tax Class 4 Manhattan is also provided by the Metro North train station located at the intersection of East Fordham Road and Webster Avenue. Assessment (19/20) $172,760 Offering scale and a great location in a rapidly appreciating neighborhood, 4551 Third Real Estate Taxes (19/20) $18,204 Avenue represents an outstanding opportunity in a rapidly up and coming Bronx neighborhood. ASKING PRICE: $3,950,000 212.544.9500 arielpa.nyc For More Information Please Contact Our Exclusive Sales Agents at 212.544.9500 I arielpa.nyc For Financing Info Daniel Mahfar x99 Jason M. Gold x22 Victor Sozio x12 Shimon Shkury x11 Eli Weisblum x41 [email protected] [email protected] [email protected] [email protected] [email protected] 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 the accuracy of any information provided herein. As an example, all zoning information, buildable footage estimates and indicated uses must be independently verified. Vacancy factors used herein are an arbitrary percentage used only as an example, and does not necessarily relate to actual vacancy, if any. The value of this prospective investment is dependent upon these estimates and assumptions made below, 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 contained herein. 21 January 2020 4:07 pm 1 3 4 5 6 7 8 9 10 2 B-L TIBBETS 52 BROOK B-L B-L 7 40 B-L B-L PARK 32 4 B-L VALENTINEL AVE B-L B-L 41 B-L 1 YONKERS B-L B-L B-L 7 53 B-L 21 20 RACEWAY 26 30 Mc LEAN AVE B-L RIVERDALE AVE B-L B-L N COLUMBUS AVE VAN CORTLAND PARK AVE 32 25 7 SHERWOOD AVE S BROADWAY GARDEN ST B-L 7 AVE NORTH B-L B-L B-L 45 61 8 OAKLEY AVE B-L B-L B-L B-L 7 62 1 2 NORMAN ROCK WELL BLVD PARK AVE B-L B-L N HIGH ST 7 10 3 32 B-L B-L B-L COLLEGE OF 7 7 40 WEBSTER AVE MT ST VINCENT W 263 ST ONYKERS AVE B-L SEDGEWICK AVE 41 SAW MILL RIVER PKWY OAK ST A GRAMATANAVE E SDNEY AVE A METRO N TERRACE AVE B-L RAY BROOK RD W 262 ST CARYL AVE 4 NORTH B-L HILLVIEW KIMBALL AVE 32 MT VERNON E PROSPECT AVE FIFTHAVE B-L B-L NEW YORK STATE THRUWAY RESERVOIR 1 2 WEST B-L 55 B-L B-L PALISADE AVE B-L B-L 53 54 ELM AVE B-L HARRISON AVE 3 9 7 60 LOCKWOOD AVE DELAFIELD AVE LIEBIG AVE METRO TYNDALL AVE NORTH FIELDSTON RD B-L SPENCER AVE HILLVIEW AVE MT VERNON HUXLEY AVE 26 STEVENS AVE METRO UNION B-L B-L EAST 60 W 260 ST 55 NORTH NORTH AVE BROADWAY PELHAM METRO NORTH S 4 AVE W 1 ST FR NEW ROCHELLE A McLEAN AVE S 6 AVE B-L W 259 ST KING AVE AN B-L V B-L TRANSIT 30 25 B-L B-L UNION AVE 30 KIMBALL AVE 40 41 K CENTER GLEN RD RIVER PARK WAY S 13 AVE B-L LIN 7 10 S 14 AVE RIVERDALE AVE 42 B-L S 1 AVE METRO ARLINGTON AVE 53 W DELANO AVE S 2 AVE A MAIN ST T S 3 AVE DELANO AVE 2 S S 5 AVE HUGUENOST ST NORTH W 256 ST W S 4 AVE V E 3 ST S 7 AVE RIVERDALE B-L S 8 AVE WAKEFIELD AVE WOLFS LANE 53 COX AVE S 11 AVE HENRY HUDSON PKWY METRO S 12 AVE W 254 ST B-L B-L B-L NORTH 7 42 45 B-L B-L B-L MOSHOLU AVE WAKEFIELD E 242 ST B-L 60 61 62 ALEXANDER AVE 54 W 3 ST WOODLAWNSCOTT AVE AVE PENFIELD ST S 9 AVE FIELDSTON RD VALLS AVE SYLVAN AVE 2 BRONX RIVER PKWY Wakefield ST OUEN ST McLEAN AVE S 10 AVE W 253 ST CARPENTER 241AVE St B-L WAVE HILL E 242 ST CRANFORD AVE 42 41 W 4 ST 34 E 241 ST B-L 52 MAJOR DEEGAN EXPY E 240 ST E 241 ST S COLUMBUS AVE B-L B-L B 4 20 B B-L E 239 ST 21 PALISADE AVE BRONX BL RICHARDSON AVE W 5 ST E 238 ST B-L B-L MATILDA AVE VAN CORTLAND 25 26 VAN CORTLANDT PARKE NEREID AVE MUNDY LA PARK E 237 ST 16 S FLUTON AVE W 250 ST 16 31 BULLARD AVE VIREO AVE WHITE PLAINS RD KEPLERAVE B-L B-L ONEIDAAVE 31 EAST SANFORD BLVD 42 60 7 10 B-L B-L B-L 42 61 62 E 235 ST B-L RIVERDALE AVE 2 5 NEREID AVE 54 PELHAMDALE AVE WEBSTER AVE 41 16 BAYCHESTER AVE 34 16 Nereid AVE W SANFORD BLVD MAIN ST GROSVENOR AVE B-L B-L E 233 ST 40 41 W 3 ST MOSHOLU PKWY BROADWAY B-L WOODLAWN 16 S 5 AVE 42 41 METRO B-L W 246 ST BYRON AVE FULTON LN 55 20 VAN CORTLAND NORTH EDSON AVE W 246 ST E 236 ST PITMAN AVE W 7 ST GOLF COURSE ESPLANADE BUSSING AVE GRACE AVE ELY AVE 2 5 BRUNER AVE DIGNEY AVE LIVINGSTON AVE 233 St GUNTHER AVE FIEDSTON RD 34 16 OUR LADY FRANCIS ST WOLFS LN WOLFS B-L B-L ELY AVE MANHATN COLLEGE PKWY BOYD AVE 1 2 VAN CORTLAND OF MERCY BARNES AVE W KINGSBRIDGEW 8 ST RD B-L 9 MEDICAL 3 PKWY RIVER HUTCHINSON MANHATTAN MANSION SECOR LN INDEPENDENCE AVE CENTER WOODLAWN WICKHAMAV PELHAM PKWY E 233 ST COLLEGE CEMETERY EDENWALD AVE MURDOCK AVE 1 SETON AVE W 237 ST DE REIMER AVE BOSTON POST RD Van Cortlandt E 231 ST DURYEA AVE MOSHOLU 41 BELL AVE B-L Park 242 St 31 52 B-L B-L WILDER AVE W 236 ST GOLF COURSE MONTICELLO AVE AMUNDSON AVE 60 61 GREYSTONE AVE MAJOR DEEGAN EXPY B-L 16 62 W 235 ST E 229 ST 7 W 240 ST SPLIT ROCK RD RIVERDALE STRANG AVE W 238 ST BRONX RIVER PKWY WALDO AVE SECOR AVE PARK 8 C 4 2 5 C VAN CORTLANDT PARK AVE W Eastchester PROVOST AVE 1 Woodlawn BRONX BLVD 225 St E 233 ST HENRY HUDSON PKWY 3 HARPER AVE Dyre AVE MC OWEN AVEROPES AVE JOHNSON AVE 238 St GRENADA PL WEBSTER AVE ARLINGTON AVE OXFORD AVE VAN CORTLANDT PARK S MT TOM RD 5 B-L PALISADE AVE NETHERLAND AVE E 227 ST SETON IRWIN AVETIBBETT AVE 34 16 E 225 ST 55 16 16 CORLEAR AVE FALLS LIGHT ST W 231 ST RIVERDALE AVE E 229 ST PELHAM BRIDGE ROAD LACONIA AVE PARK FAIRFIELD AVE BOSTON RD W 230 ST EWEN E 222 ST HOLLERS AVE 1 PRATT AVE PELHAMDALE AVE INDEPENDENCE AVE PARK CANNON PL SEDGWICK AVE BAINBRIDGE AVE E 223 ST BROADWAY 2 5 WHITE PLAINS RD MAROLLA PL 1 PALMER AVE DYRE AVE BAILEY AVE 219 St CONNER ST W 231 ST 10 DE LAVALL AVE METRO ROMBOUTS AVE B-L W 234 ST E 219 ST E 225 ST 45 NORTH Mosholu 4 E 216 ST 41 NEW ENGLAND THRUWAY SPUYTEN Pkwy BIVONA ST 10 NORTH CENTRAL DUYVIL 231 St BRONXWOOD AVE 1 E GUN HILL RD 8 B-L PARK DR JOHNSON AVE 2 JEROME AVE BRONX COPLEX SCHIEFFELIN PL B-L B-L 52 60 61 10 FTINDEPENDENCE ST NEEDHAM AVE MONTEFIORE PAULDING AVE B-L 62 30 KAPPOCK ST 10 20 JEROME MOSHOLU PKWY 30 HOSPITAL BARNES AVE PARK PAUL AVE METRO E 223 ST HENRY HUDSON BRIDGE E 217 ST TILLOTSON AVE KINGSBRIDGE AVE RESERVOIR BRONX BLVD BOSTON RD NORTH 31 BOLLER AVE OLINVILLE AVE HEBREW W 205 ST WILLIAMSBRIDGE WILLETT AVE E 215 ST 30 28 WILLIAMS W 230 ST 28 55 E 213 ST HOSPITAL HEATH AVE 3 25 26 PLAYGROUND BRIDGE 9 OAKLEY ST 5 Marble Hill 22 225 St VALENTINE EASTCHESTER RD Baychester AVE PEARTREE 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