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Cushman & Wakefield Named Exclusive Agent for 84,000 SF Development Site in the Bronx

Michael Boonshoft • 8/5/2019
New York, NY – August 5, 2019 – Cushman & Wakefield today announced that the real estate services firm has been retained on an exclusive basis to market for sale 3083 Webster Avenue, an 84,000-square-foot development site, currently functioning as a Shell gas station, located in the Bronx.

A Cushman & Wakefield team consisting of Jonathan Squires, Michael Fioravanti, Josh Neustadter, Addison Berniker and Shayne Soltan will be leading the marketing efforts on behalf of the property’s seller.

“This site represents a rare opportunity to acquire a covered land play for a scalable development in the future,” said Jonathan Squires of Cushman & Wakefield, “Its location in an inclusionary housing zone should further incentivize potential investors.”

3083 Webster Avenue, located in the Norwood section of the Bronx, is a 15,000-square-foot lot with approximately 84,000 buildable square feet available. The site falls within an inclusionary housing zone. The site currently has a Shell gas station tenant on a triple-net lease expiring in September 2021.

The property is located within walking distance to the 205th Street Subway Station which is serviced by the D train. The site also benefits from numerous bus lines that canvass the neighborhood and is minutes from Fordham University’s campus.

About Cushman & Wakefield

Cushman & Wakefield (NYSE: CWK) is a leading global real estate services firm that delivers exceptional value for real estate occupiers and owners. Cushman & Wakefield is among the largest real estate services firms with approximately 51,000 employees in 400 offices and 70 countries. In 2018, the firm had revenue of $8.2 billion across core services of property, facilities and project management, leasing, capital markets, valuation and other services. To learn more, visit www.cushmanwakefield.com or follow @CushWake on Twitter.

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Michael Boonshoft New York Communications
Michael Boonshoft

Communications Director • New York

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