585 JACKSON AVENUE. Vacant Warehouse in The South Bronx

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1 585 JCKSON VENUE Vacant Warehouse in The South Bronx

2 585 JCKSON VENUE - PROPERTY OVERVIEW PROPERTY DESCRIPTION Situated in the up and coming South Bronx, 585 Jackson ve is a 2-story warehouse located just off the busy 9th St commercial corridor. The property offers 50 of frontage, 0,020 total square feet, 2 garage doors, gas heat, sprinkler throughout, and ~ ceilings as per the C of O. There is also a contiguous rear yard accessed via Pontiac Place which allows easy access and parking. The property is owner-occupied and will be delivered vacant. This is an excellent opportunity for an investor to capitalize on the South Bronx s growth, or perfect for an end-user looking for well-located, easily accessible space. RETI MP HIGHIGHTS Steps to both the subway at Jackson ve/ Westchester ve and the at 9th Street Zoning permits Use Groups for ocal Service: thru 9, & Conveniently located in the heart of the South Bronx Includes a separate lot currently used as a driveway Over 2,000 square feet of air rights for future development TX MP Pontiac Place Trinity venue Jackson venue 585 JCKSON VENUE East 9th Street CUSHMN & WKEIED 585 JCKSON VENUE // 2

3 585 JCKSON VENUE - PROPERTY ETURES PROPERTY ETURES: INNCI SUMMRY: ocation: 585 JCKSON VE DRIVEWY COMBINED The west side of Jackson ve between Pontiac Place & E 9th St. SKING PRICE: $2,00,000 Block & ot: ot Dimensions: 50' x 00.2' 5' x ' Irregular PROJECTED NNU REVENUE: $52,805 VCNCY OSS & EXPENSES: ($5,8) ot Square ootage: 5,00 2,0,50 NET OPERTING INCOME: $0, Building Dimensions: 50' x 00' 50' x 00' Building Square ootage: 0,020 0,020 Zoning: R- / C2- R- R- / C2- PRICE PER SQURE OOT: $20 CPITIZTION RTE: 5.0% Residential R:... Community acility R: Total Buildable Sq. t.:,2 9,082 2, Minus Existing Structure: 0, ,020 vailable ir Rights:,2 9,082,29 ssessment (/8): $2, $,89 $28,2 Taxes (/8): $2,09 $58 $2, CUSHMN & WKEIED 585 JCKSON VENUE //

4 BRODWY ) E X N I T G ON V T H I RD V V V V 2 V ST CUSHMN & WKEIED Spuyten Duyvil Marble Marble Hill Hill 585 JCKSON VENUE - EXPENSES & INVESTMENT 225 St VUE PROJECTED COMMERCI REVENUE S RPS NNU RENT irst loor Projected 5,00 $8.00 $90,80 Second loor Projected 5,00 $2.50 $2,25 Gross nnual Commercial Revenue $52,805 Vacancy % of Gross nnual Revenue ($0,9) Effective Gross nnual Commercial Revenue $2,09 EXPENSES (ESTIMTED) Taxes (/8) ctual $2, Water/Sewer Tenant Pays - dditional $0.25 / GS $2,505 uel Tenant Pays - Electric Tenant Pays - Repairs & $500 / Month $,000 Total Expenses: $,92 Effective Gross nnual Commercial Revenue $2,09 ess Expenses: ($,92) Net Operating Income: $0, GEO. WSHINGTON INCON TUNNE V 2 ST HENRY HUDSON ORT WSHINGTON V RIVER DR 5 St St City College 25 St St Columbia University M0 SBS G irport Cathedral Pkwy (0 St ) 0 St 9 St 2 8 St UPPER WEST 9 St 2 St 2 M0 SBS St incoln Center 5 St B C D Columbus Circle WEST B C D St Hudson Yards St msterdam v C St Penn Station C E IRR C E C St C E 5 St 25 St B C D M0 SBS G irport St 0 St 9 St 8 St 2 St 8 v B D 55 St 55 St rush hours 0 5 St min to Penn Station via 2 RIVER DR NCE V BRODWY T WSH V BRODWY ST NICHOS V WEST END V MSTERDM V BRODWY 5 ST BRODWY ST NICHOS V CENTR PRK WEST 8 St Museum of Natural History St 2 H a r l e m Cathedral Pkwy (0 St) R i v e r Harlem 8 St 8 St M v St M 5 St 5 St 2 Bedford Pk Blvd ehman College Kingsbridge Rd 25 St 2 M0 SBS G irport St 2 CENTR PRK SOUTH 5 St- v v E St Yankee Stadium B D M0 SBS Central Park North (0 St) 2 5 St exington v/ St N R N R 9 St 8 St-NYU N R WSHINGTON SQURE PRK PRK V St 0 St 0 St 9 St 8 St 5 St St 25 St 5 8 St Hunter College ST St Union Sq v 8 St N Q R 5 N Q R v 205 St D Bedford Pk Blvd B D llerton v Botanical Garden Kingsbridge Rd 9 St Grand Concourse 50 St C E 50 St 9 St 5 v/5 St 5 St 50 ST E M 50 ST southbound 2 St/Port uthority 50 Sts northbound Bus Terminal Rockefeller Ctr M C E 2 ST WEST ST HENRY HUDS MSTERDM V COUMBUS V BRODWY Times Sq-2 St N Q R S 2 except S St Penn Station 2 IRR EIGHTH V IRWIN V ST 5 ST 5 ST SEVENTH V St Herald Sq GREENWICH M N Q R MCOM X BVD (ENOX V V SIXTH V 225 ST ORDHM RD 2 St Bryant Pk M 8 St Grand Concourse skips rush hour 5 peak direction 5 ST 5 v/ N Q R 5 v ST 0 ST BRODWY PRK V S JEROME V rush hour peak direction express ITH V 5 V MDISON V 2 5 stor Pl Metro-North Jackson v THE HUB v 9 St exington v/ 59 ST 5 exington v/5 St E M Grand Central 2 St except S S 5 Metro-North YE GRND CONCOURSE SECOND V 2 V ST BINBRI 80 ST CHESE 2 ST 2 ST V 0 V 25 ST 9 V REDERICK DOUGSS BVD BEECKER UNIVERSITY HTS BR WSHINGTON HMITON DM CYTON POWE BVD (V) W ST BOWERY IRST V V 9 ST 8 ST 9 ST 2 ST WEBSTER V YORK V v West arms Sq E Tremont v Brook v E a Burke v s t R Pelham Pkwy ordham Rd INWOOD 25 St ordham Rd ordham HI PRK ORDHM BRONX ZOO Inwood 8 St 20 St 20 St University 82 8 Sts B TRNSPORTTION Burnside vmp Heights D Dyckman St Dyckman St Tremont v B 9 St St D Tremont ORT TRYON southbound only PRK Morris TREMONT 90 St HIGH Heights 5 Sts PRK St Mt Eden v 8 St 8 St rush 585 Jackson venue 0 St hours 0 St HIGH- reeman St 5 St MORRISNI St St WSHINGTON 0 Simpson St HEIGHTS 8 St 2 min 5 C to C Grand Central via 5 Melrose RIVER PRK RIVERBNK STTE PRK JVITS CENTER HUD KINGS HREM Broadway N Q ONG ISND CITY 2 St Queensbridge Yankees- E5 St MNHTTN CENTR PRK METROPOITN MUSEUM O RT St St Harlem 25 St EST HREM UPPER EST Bronx Park East Cypress v Court Sq- E M Vernon Blvd Jackson v ong Island City E 80 St Ea s EST E 8 ST 585 JCKSON VIGE VENUE // e St THIRD V T R M W Y UNITED NTIONS Intervale v Prospect v R OBERT KENNEDY Roosevelt Island QUEENSBORO QUEENS MIDTOWN TUNNE TREMONT V rush hour peak direction express MOTT HVEN V E PINS RD weekday peak direction express RNDS ISND ROOSEVET ISND DR DR E St St Mary s St E 9 St storia Ditmars Blvd N Q 2 St G storia Blvd M0 SBS N Q G irport Queensboro Plaza N Q Court Sq G ESPN 9 v N Q 0 v N Q v N Q Pelham 5 Morris P 5 Mor Sou Elder v Whitlock v Hunts Point v ongwood v 0 V VERNON BVD N ST EDER V 2 ST WHITE PINS RD ST WRENCE V Quee Plaza E M R M Hunterspoin Hunters Poin IRR MNHTTN V GREENPOINT Bedford v PR HUNT POINT

5 or more information contact: Joshua Rubin Director (22) 0 52 joshua.rubin@cushwake.com Jonathan Squires Director (22) 0 5 jonathan.squires@cushwake.com Michael ioravanti Senior ssociate (22) michael.fioravanti@cushwake.com CUSHMN & WKEIED 25 Madison ve, rd l, New York, NY 00 phone: nyinvestmentsales.com Cushman & Wakefield Copyright 20. No warranty or representation, express or implied, is made to the accuracy or completeness of the information contained herein, and same is submitted subject to errors, omissions, change of price, rental or other conditions, withdrawal without notice, and to any special listing conditions imposed by the property owner(s). s applicable, we make no representation as to the condition of the property (or properties) in question.