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1956 Jerome Ave 68,622 SF Specialty Building Offered For Sale in Bronx, NY 10453
Investment Highlights
- Completed foundation, first floor slab and backfilling
- Located four minutes from the 4 Train at Burnside Ave and five minutes from the B/D trains at Tremont Ave
- Includes substantial construction materials, approved plans and permits for a 76,280 GSF K-8 school
Executive Summary
OPEN Impact Real Estate is pleased to present a unique development site in the Bronx.
[Materials: Renderings, drawings, reports, site information and other relevant materials are available in the secure Data Room (please sign and return the attached standard NDA to get access)]
1956 Jerome Avenue – entitled and permitted school /community facility development opportunity with the potential of 76,260 buildable square feet (BSF).
Property Highlights:
· Completed foundation, first floor slab and backfilling; site ready for immediate acquisition as-is, or potential for a long-term lease with turnkey delivery in 18-20 months.
· Includes substantial construction materials, approved plans and permits for a 76,260 GSF K-8 school.
· 10,369 SF corner lot situated at Jerome and East Tremont Avenues.
· Located four minutes from the 4 Train at Burnside Ave and five minutes from the B/D trains at Tremont Ave.
Asset Versatility: The property offers multiple strategic opportunities under C4-4D zoning, including school, community facility use as-of-right, and mixed-use developments. The approved school plans provide significant value and expedite the development timeline for educational or other nonprofit end users.
Location Overview: Strong local demographics - over 21% of residents under age 15. Bronx charter enrollment increased 33% between 2019-20 and 2023-24, and the Jerome Avenue Rezoning will bring nearly 9,500 new residents.
[Materials: Renderings, drawings, reports, site information and other relevant materials are available in the secure Data Room (please sign and return the attached standard NDA to get access)]
1956 Jerome Avenue – entitled and permitted school /community facility development opportunity with the potential of 76,260 buildable square feet (BSF).
Property Highlights:
· Completed foundation, first floor slab and backfilling; site ready for immediate acquisition as-is, or potential for a long-term lease with turnkey delivery in 18-20 months.
· Includes substantial construction materials, approved plans and permits for a 76,260 GSF K-8 school.
· 10,369 SF corner lot situated at Jerome and East Tremont Avenues.
· Located four minutes from the 4 Train at Burnside Ave and five minutes from the B/D trains at Tremont Ave.
Asset Versatility: The property offers multiple strategic opportunities under C4-4D zoning, including school, community facility use as-of-right, and mixed-use developments. The approved school plans provide significant value and expedite the development timeline for educational or other nonprofit end users.
Location Overview: Strong local demographics - over 21% of residents under age 15. Bronx charter enrollment increased 33% between 2019-20 and 2023-24, and the Jerome Avenue Rezoning will bring nearly 9,500 new residents.
Property Facts
Amenities
- Air Conditioning
Exceptionally walkable
100/100
Moderately drivable
60/100
Exceptional public transit
100/100
Moderately bikeable
70/100
Property Taxes
| Parcel Number | 02853-0022 | Improvements Assessment | $1,495,479 CAD |
| Land Assessment | $264,479 CAD | Total Assessment | $1,759,959 CAD |
Property Taxes
Parcel Number
02853-0022
Land Assessment
$264,479 CAD
Improvements Assessment
$1,495,479 CAD
Total Assessment
$1,759,959 CAD
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1956 Jerome Ave
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