1601 Bronxdale Avenue
1601 Bronxdale Avenue is a rare 7.42-acre industrial and mixed-use investment opportunity in Parkchester, the Bronx, offered for sale as a development-stage asset. The property encompasses 323,062 square feet of land improved with a 354,309-square-foot, two-story building featuring industrial space, second-floor offices, and an on-site parking deck, with immediate lease-up potential through vacant industrial and parking inventory.
Zoned M1-1A/R7-3 within the Special Eastchester–East Tremont Corridor District, the asset supports a broad range of industrial, commercial, and office uses with flexible layouts for diverse tenants. The long-term redevelopment potential is substantial: the property could yield approximately 1.91 million gross square feet, including roughly 1.61 million residential ZFA, with a maximum residential FAR of 7.2 through the City Planning Commission's Public Realm Improvement Certification process and additional capacity under the City of Yes Ultra Low Energy Building program.
The location benefits from exceptional transit connectivity. An anticipated Metro-North station at Parkchester/Van Nest, opening in 2027, will provide direct 21-minute service to Penn Station and access to more than 1.4 million jobs within a 20-minute commute, with a future pedestrian overpass offering direct station access. The property also sits adjacent to the Bronx River Parkway and Interstate 95, positioning it within one of New York City's supply-constrained industrial markets.
- 7.42 acres (323,062 SF) with 292 feet of Bronxdale Avenue frontage
- 354,309 SF mixed-use industrial building with office and parking
- Redevelopment potential to 1.91 million SF (1.61 million residential ZFA)
- Metro-North station opening 2027 with direct Penn Station access
- Positioned in supply-constrained Bronx industrial market with neighborhood growth tailwinds
Location
BKREA has been exclusively retained to arrange the sale of 1601 Bronxdale Avenue, a rare 7.42-acre industrial and flex investment opportunity in the Parkchester neighborhood of the Bronx, offering a compelling combination of stable in-place cash flow, value-add potential, and significant long-term redevelopment upside. Located on Block 4042, Lot 200, the property encompasses approximately 323,062 square feet of land with 292 feet of frontage along Bronxdale Avenue and is improved with a 354,309-square-foot, two-story mixed-use industrial building featuring second-floor office space and an on-site parking deck. Zoned M1-1A/R7-3 within the Special Eastchester–East Tremont Corridor District, the property supports a broad range of industrial, commercial, and office uses, with flexible layouts suitable for a diverse tenant base. The existing asset offers immediate lease-up potential through vacant industrial space and parking, while its long-term redevelopment potential could reach approximately 1.91 million gross square feet, including roughly 1.61 million residential ZFA, with a maximum residential FAR of 7.2 through the City Planning Commission’s Public Realm Improvement Certification process and additional potential through the City of Yes Ultra Low Energy Building program. Located adjacent to the future Parkchester/Van Nest Metro-North Station, the property benefits from excellent connectivity to the Bronx River Parkway and Interstate 95 and is positioned within one of New York City’s supply-constrained industrial markets. The anticipated 2027 Metro-North station is expected to provide approximately 21-minute direct service to Penn Station and access to more than 1.4 million jobs within a 20-minute commute, while a future pedestrian overpass will offer direct station access. With diversified in-place tenancy, immediate income potential, substantial redevelopment capacity, and strong tailwinds from transit investment, rezoning initiatives, and continued neighborhood growth, 1601 Bronxdale Avenue represents a rare large-scale investment and redevelopment opportunity in the Bronx.