New York, NY – A 34,094-square-foot residential development site located in the Melrose neighborhood of the Bronx.
A Cushman & Wakefield team consisting of Jonathan Squires, Michael Floravanti, Josh Neustadter, Addison Berniker and Shayne Soltan will be leading the marketing efforts on behalf of the property’s seller.
“407-409 East 158th Street provides the perfect opportunity for an investor to capitalize on the renewed interest in the neighborhood,” said Jonathan Squires of Cushman & Wakefield. “With proximity to public transportation and cultural centers, this area continues to emerge as a hotspot for investment in the Bronx.”
407-409 East 158th Street is within walking distance of the highly-anticipated Bronx Commons development located at 443 East 162nd Street. Bronx Commons will be anchored by Bronx Music Hall, a 14,000-square-foot cultural and educational center with a performance space. The development will also include a landscaped public plaza and 22,000 square feet of retail.
The properties are also a short walk away from ‘The Hub,’ also known as the ‘Times Square of the Bronx’ and are in proximity to Yankee Stadium. The bustling neighborhood center provides immediate access to many national retailers and the 3rd Avenue – 149th Street subway station with access to the 2 and 5 trains, as well as within walking distance to the Melrose Metro North station.
About Cushman & WakefieldCushman & Wakefield (NYSE: CWK) is a leading global real estate services firm that delivers exceptional value for real estate occupiers and owners. Cushman & Wakefield is among the largest real estate services firms with approximately 51,000 employees in 400 offices and 70 countries. In 2018, the firm had revenue of $8.2 billion across core services of property, facilities and project management, leasing, capital markets, valuation and other services. To learn more, visit www.cushmanwakefield.com or follow @CushWake on Twitter.
