Bronx waterfront site ideal for mixed-use development.Massey Knakal Realty realty n. a short form of "real estate." (See: real estate) REALTY. An abstract of real, as distinguished from personalty. Realty relates to lands and tenements, rents or other hereditaments. Vide Real Property. Services has been retained on an exclusive basis to arrange for the sale of 101 Lincoln Lincoln, city and district, England Lincoln, city (1991 pop. 79,980) and district, Lincolnshire, E England, in the Parts of Kesteven, on the Witham River. Avenue, a 133,700 s/f sprawling waterfront development site in the Port Morris section of the Bronx with unobstructed Manhattan views. The asking price is $43,500,000. 101 Lincoln Avenue currently consists of an L-shaped warehouse building with a connected two-story office building. The site is strategically located between the Harlem River Harlem River, navigable tidal channel, 8 mi (12.9 km) long with Spuyten Duyvil Creek, in New York City, SE N.Y., separating Manhattan from the Bronx. Connecting the Hudson and East rivers, it is a shipping shortcut between Long Island Sound and river ports north of , Lincoln Avenue, the Third Avenue Bridge and Bruckner Boulevard, walking distance to various antique shops antique shop n → tienda de antigüedades antique shop antique n → magasin m d'antiquités antique shop antique n and museums. Zoning for the property permits residential, commercial and manufacturing development. Depending on the use, the buildable build·a·ble adj. Suitable or available for building: "The problem was finding a site that was well located, appropriately zoned . . . and buildable" Sam Hall Kaplan. square footage ranges from 670,000 to 870,000 buildable square feet. Seller financing Seller financing Funding a purchase by a seller's loan to the buyer, the buyer takes full title to the property when the loan is fully repaid. is available. "This site would be perfect for mixed development with potential retail, hotel and residential use," said Massey Knakal partner Thomas Donovan, the exclusive agent on the sale along with broker David Simone. "It's close to transportation, literally at the foot of the Third Avenue Bridge." Massey Knakal has also been retained to arrange for the sale of two commercial condos at 211 East 51 st Street. The asking price for each is $2,800,000. 211 East 51st Street, Unit 3 is a 4,595 s/f retail space currently leased to the high-end spa, Okeanos. The spa has secured its lease through November 2014, with 2.5% escalations above the base year. 211 East 51 st Street is a 14-story apartment building currently being converted into condos, with plans for 73 homes. |
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