1601 Bronxdale Avenue represents one of New York City’s largest institutional industrial investment and redevelopment opportunities.
— BKREA has been exclusively retained to arrange the sale of 1601 Bronxdale Avenue, a 7.42-acre industrial and flex property in the Parkchester neighborhood of the Bronx that combines stable in-place cash flow with one of the borough’s most significant long-term redevelopment opportunities.
The property occupies an entire 323,062-square-foot (7.42-acre) site with 292 feet of frontage along Bronxdale Avenue and is improved with a 354,309-square-foot, two-story industrial building featuring second-floor office space and an on-site parking deck. The asset is currently leased to a diversified mix of industrial and commercial tenants, providing durable cash flow while offering meaningful upside through leasing vacant industrial space and parking at market rents.
Beyond its immediate investment appeal, 1601 Bronxdale Avenue offers extraordinary long-term redevelopment potential. Located within the Special Eastchester–East Tremont Corridor District, the property could support a proposed development program of approximately 2.42 million square feet across six buildings, including roughly 2,200 residential units (2,023,000 SF), approximately 141,000 SF of retail, office, and community facility space, and 640 accessory parking spaces. This makes it one of the largest covered land opportunities currently available in New York City.
“Opportunities of this scale simply do not come to market very often,” said Genessy Jaramillo, Managing Director of BKREA. “Investors have the opportunity to acquire a high-quality income-producing industrial asset today while controlling one of the Bronx’s most compelling long-term redevelopment sites. The combination of institutional scale, strong cash flow, flexible industrial space, and exceptional future development potential is incredibly rare.”
The property’s location further enhances its investment profile. Situated adjacent to the future Parkchester/Van Nest Metro-North Station, scheduled to open in 2027, the site is expected to benefit from dramatically improved regional connectivity, including an approximately 21-minute ride to Penn Station and access to more than 1.4 million jobs within a 20-minute commute. A planned pedestrian overpass will provide direct access between the property and the new station.
The site also benefits from immediate access to the Bronx River Parkway and Interstate 95, making it exceptionally well positioned for last-mile distribution and regional logistics throughout the tri-state area. Located in one of New York City’s most supply-constrained industrial markets, the property sits near major institutional anchors including Montefiore Medical Center, Jacobi Medical Center, and the Parkchester residential community, all of which contribute to sustained tenant demand.
Investment highlights include:
- Long-term redevelopment potential of approximately 2.42 million square feet across six buildings.
- 354,309-square-foot industrial/flex building situated on a 323,062-square-foot (7.42-acre) site.
- Stable, diversified in-place cash flow with immediate value-add leasing opportunities.
- Transit-oriented location adjacent to the future Parkchester/Van Nest Metro-North Station.
- Flexible M1-1A/R7-3 zoning permitting a broad range of industrial, commercial, and office uses.
- Exceptional logistics connectivity via Interstate 95 and the Bronx River Parkway.
- Positioned within one of New York City’s most significant long-term redevelopment corridors.
The property’s redevelopment potential is further enhanced by the City’s Public Realm Improvement Certification process, which permits a maximum residential FAR of 7.2, as well as additional opportunities available through New York City’s City of Yes Ultra Low Energy Building program. The property also stands to benefit from the broader Bronx Metro-North Station Area Plan and continued public investment throughout the surrounding neighborhood.
The exclusive marketing assignment is being led by Bob Knakal, Chairman & CEO; Seth Samowitz, Chief Operating Officer; Genessy Jaramillo, Managing Director; and Christian Sweeney of BKREA.
About the company: BKREA is a New York City investment sales brokerage founded by Bob Knakal, whose career spans more than four decades and over 2,300 building sales. The firm advises owners on the sale of development sites, multifamily, and commercial properties across all five boroughs, backed by proprietary market data.The brokerage specializes in Development sites, rehab and user properties in NYC.
Contact Info:
Name: Bob Knakal
Email: Send Email
Organization: BKREA
Address: 135 West 36th Street NY NY 10018
Phone: 212-888-8850
Website: https://bkrea.com
Release ID: 89199967
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