Massey Knakal Realty Services has been retained to sell the 101 Lincoln Ave. property. The source explains that the seller owned and occupied the building for decades, "but in recent years relocated the business and rented the property."
The building consists of an L-shaped warehouse building with a connected two-story office building. The site is located between the Harlem River, Lincoln Avenue, the Third Avenue Bridge and Bruckner Boulevard.
Zoning for the property allows for residential, commercial and manufacturing development. Depending on the use, the buildable square footage ranges from 670,000 to 870,000 buildable sf. Seller financing is available.
The source explains that the property is priced competitively compared to other large development sites that have sold in the Bronx. The source further notes that the property has been on the market for one week and there has been "rapid interest."
"This site would be perfect for mixed development with potential retail, hotel and residential use," says Massey Knakal partner and managing director Thomas Donovan, the exclusive agent on the sale along with broker David Simone. "It's close to transportation, literally at the foot of the Third Avenue Bridge."
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Natalie Dolce
Natalie Dolce, editor-in-chief of GlobeSt.com, is responsible for working with editorial staff, freelancers and senior management to help plan the overarching vision that encompasses GlobeSt.com, including short-term and long-term goals for the website, how content integrates through the company’s other product lines and the overall quality of content. Previously she served as national executive editor and editor of the West Coast region for GlobeSt.com and Real Estate Forum, and was responsible for coverage of news and information pertaining to that vital real estate region. Prior to moving out to the Southern California office, she was Northeast bureau chief, covering New York City for GlobeSt.com. Her background includes a stint at InStyle Magazine, and as managing editor with New York Press, an alternative weekly New York City paper. In her career, she has also covered a variety of beats for M magazine, Arthur Frommer's Budget Travel, FashionLedge.com, and Co-Ed magazine. Dolce has also freelanced for a number of publications, including MSNBC.com and Museums New York magazine.
