Share:

Cushman & Wakefield Marketing Opportunity Zone Property in the Bronx

2/21/2020
Bronx, NY - Cushman & Wakefield announced today that the real estate services firm has been retained on an exclusive basis to arrange for the sale of 1318 Oak Point Avenue, a 3,750-square-foot commercial and mixed-use property located in the Hunts Point neighborhood of the Bronx.

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

“This property’s industrial zoning and central location within an Opportunity Zone presents a unique circumstance for an end-user,” said Squires. “The well-located, easily-accessible space provides additional tax benefits and is perfect for an investor looking to capitalize on the strength of Hunts Point.”

1318 Oak Point Avenue is a corner building located within a qualified Opportunity Zone in the Bronx. The building is currently vacant and has recently undergone major improvements. The M3-1 zoned property consists of 2,500 square feet of industrial space with 14-foot ceilings on the ground floor, five roll-up garage doors and a five-bedroom apartment on the second floor that could easily be converted into office space. The certificate of occupancy currently allows for a restaurant on the ground floor and two residential units.

1318 Oak Point Avenue is located in the Hunts Point neighborhood of the Bronx. The property is situated steps from the Joseph Rodman Drake Park and is accessible by the Hunts Point Avenue subway station with access to the 6 train.

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 53,000 employees in 400 offices and 60 countries. In 2019, the firm had revenue of $8.8 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 External Link on Twitter.

Media Contact

Michael Boonshoft New York Communications
Michael Boonshoft

Communications Director • New York