1311 Webster Avenue

The Bronx, NY 10456

Listing ID: 148535
$8,000,000
For Sale
  • Lot Size Acres 0.453
  • Land Sq Ft 19,732
  • Land Price per Sq Ft $405.42
Description

  • 19,700 Lot Size with R7-1/C2-4 Zoning

  • Wrap Around Frontage of Nearly 300 Feet

  • 197 Feet on Webster Avenue

  • Next to Bronx-Lebanon Hospital Center

  • Very Strong C-Town Supermarket Operator as Anchor Tenant

  • Shovel Ready Site with the Environmental Clean

  • Total Buildable of 105,460 Square Feet


Details
The development opportunity offers a lot size of 19,700 SF with a total buildable of 105,460 Square Feet, including retail, residential, and community facility opportunities. The site falls under the Fresh Food Program, which allows a developer to gain bonus development air rights when leasing to a Supermarket.
The Seller has signed a twenty-five (25) year lease with a strong C-Town Supermarket operator for a total of 10,900 square feet. The operator has over eight (8) current locations and real estate holdings. This adds a bonus residential development of 10,900 square feet to the total project whilst the tenant receives tax incentives as well.
The Seller has also cured all environmental issues and will be delivering the site free and clear with a no further action letter from DEC.  Furthermore, the seller will be delivering a certificate of approval for a twenty-five (25) year ICAP Tax Abatement. The site naturally falls under the 421-A Tax Abatement as well.
The development is well positioned with great access to public transportationsuch as the [B], [D], & [4] subway lines, buses, and highways such as the Grand Concourse.
Ownership has been very involved on delivering this site as close to shovel ready with preliminary plans, a signed retail lease, environmentally clean, and the ICAP Tax Abatement letter of approval. Ownership is setting the asking price to $8,000,000.
Location & Directions
Demographics

All information based on the most recently available data (updated annually) and is provided in 1-mile, 3-mile, and 5-mile radii (radiuses) of the property location.

1-Mile Radius 3-Mile Radius 5-Mile Radius
Total Population240,2231,371,7962,449,430
Population Median Age343537
Population by Age0-9 Yrs37574193315307038
10-19 Yrs37582178851285342
20-29 Yrs40014243626417703
30-39 Yrs33348208597380285
40-49 Yrs29687168579306471
50-59 Yrs29832165422299621
60-69 Yrs17993113239230408
70+ Yrs14192100167222563
Median HH Income$28,785$35,109$47,967
Total Household Income< 24K36887190837285421
25-49K20158112843185578
50-74K1135873172135619
75-99K64834320491233
100-199K572253425150384
200K+8561157970596
Highest Education LevelNo Diploma49443269658383989
Diploma or GED39383224423382683
Some College24909145602243440
Assoc. Degree1000856990103693
Bachelors Degree15893122697322167
Higher Degree567068612239056
Total Housing Units85,284514,378992,904
--Owner-Occupied5,36746,487186,454
--Renter-Occupied76,097438,573732,377
Owner-Occupied Values< 100K1191673416154
100-199K625523712819
200-299K645509814523
300-399K1033733623971
400-499K899759828305
500K+9741448390682
Total Working Age Population179,2431,071,6641,973,071
In Work Force104,937651,7951,224,312
Not In Work Force74,307419,869748,760
Workforce Employed92,797582,1221,116,610
Workforce Unemployed12,09569,392107,243
Civlian Workforce104,892651,5141,223,853
Military Workforce45281459
Total Households81,464485,060918,831
Family Households53,857299,143542,305
Non-Family Households27,607185,917376,526
Married Couple19,151115,531272,935
Other Family34,706183,612269,370
Married w/Child10,56555,953118,914
Single Male w/Child2,65613,14620,050
Single Female w/Child15,69376,832105,601

Population Change Last Two Decades - Plus Projection

2000%2010%2020%2030
New Jersey8,414,350+48,791,894+49,132,700+49,530,900
Bergen County884,118+2905,116+7967,500+71,031,500
Hudson County608,975+4634,266+12708,100+6747,400
New York18,976,457+219,378,102+420,146,131+220,604,030
Queens County2,229,37902,230,722+92,436,549+52,565,268
New York County1,537,195+31,585,873+61,688,894+21,727,631
Bronx County1,332,650+41,385,108+101,519,809+61,604,168

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While we strive to provide the most accurate information, all listing information, and demographic data, is provided by third-parties. As such, MyEListing will not be responsible for the accuracy of the information. It is strongly recommended that you verify all information with the listing agent, and any relevant agencies, prior to making any decisions.

Listing Agent
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