OVERVIEW

Cushman and Wakefield has been retained on an exclusive basis to arrange for the sale of 1776 Hoe Avenue. Located in the Crotona neighborhood of the Bronx, 1776 Hoe Avenue is currently operated as a laundry facility that spans approximately 58,962 square feet across a double ground floor. The property has a total of 6 drive in garages, and the block through lot offers access to the building from both Hoe and Vyse Avenues. The property also features an additional 20,000 square feet of on-site parking.

Located in a C8-3 zoning district, the property boasts an additional 46,024 square feet of air rights at a 2.0 FAR. Community Facility FAR is 6.5 and would allow for a new building of up 341,204 square feet.

The building is located at the intersection of I-95, the Bronx River Parkway, and the Sheridan and Bruckner Expressways, providing access to many arteries of New York City and the tri-state area. Located just steps from the 174th Street subway station serviced by the 2 and 5 train, the property is accessible from midtown Manhattan in under 35 minutes.

Providing block through access, flexibility of use, onsite parking, and significant development potential, 1776 Hoe Avenue stands out as a tremendous investment and development opportunity in the Bronx.