BKREA Tapped to Sell Fully Entitled, Large-Scale Bronx Site
Himmel + Meringoff Properties and Affinius Capital have selected BKREA to sell 1601 Bronxdale Ave., a fully entitled, large-scale Bronx development site planned as a mixed-use hub with thousands of new homes and direct pedestrian access to the forthcoming Parkchester/Van Nest Metro-North station.
The planned layout provides 2.42 million square feet across six buildings around a newly mapped road and open spaces, featuring an entry plaza, a supermarket, local retail, community facility space, 640 accessory parking spaces and a direct connection to the future Parkchester Metro-North station.
“1601 Bronxdale is exactly the type of opportunity that demonstrates why scale and forward-looking market intelligence matter in New York City real estate,” said Bob Knakal, chairman & CEO of BKREA. “You have an operating industrial asset, significant land area, a major future transit connection and the potential to create thousands of new homes—all in one property.”
Joint venture partners Himmel + Meringoff and Affinius Capital acquired the 7.4-acre site in 2019 and subsequently secured approval to construct a major transit-oriented residential development via New York City Department of City Planning’s Bronx Metro-North rezoning.
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Brokers
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Remax Real Estate Professionals
Re/Max Real Estate Professionals
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Jared Ennis
Central CA Commercial | California
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Rick Recckio
Recckio Real Estate & Development
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Eamonn McConnell
Avison Young - CA - ON - Greater Toronto
Lenders
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Essex Property Trust, Inc.
California
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Josh A
California
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Bob Tuteur
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Andrew Schildcrout