~30,000 SF OF PRIME CORNER RETAIL
ON FORDHAM ROAD
305-315 East Fordham Road
Bronx, NY
Property Description:
Massey Knakal Realty Services has been retained
on an exclusive basis to arrange for the sale of two
premier corner retail assets located on the thriving
Fordham Road retail corridor in the Bronx. 305
& 315 East Fordham Road are two contiguous
2-story structures totaling approximately 30,230
gross square feet and are comprised of seven retail
spaces with over 195’ of combined frontage. This
highly visible property features several long-term
credit tenants including Planet Fitness, Metro
PCS, The Vitamin Shoppe, and Subway.
Location:
On the northeast corner of East Fordham Road between
East Kingsbridge Road and Valentine Avenue
Address:
305-307
East Fordham Road
309 -315
East Fordham Road
Block / Lot:
Lot Dimensions (Irr):
Lot Area:
Building Dimensions:
Building Size:
Net Rentable SF:
Stories:
Commercial Units:
3154 / 98
49.42' x 97.42'
4,494
49.42' x 97.42'
7,864
7,863
2
3
3154 / 94
95' x 49.42'
11,184
95' x 49.42'
22,368
20,400
2
4
Zoning:
FAR:
3.44
Total Buildable SF:
Existing SF:
Available Air-Rights:
15,459
7,864
7,595
38,473
22,368
16,105
53,932
30,232
23,700
Assessment (13/14):
Taxes (13/14):
$1,891,890
$195,300
$2,092,770
$216,037
$3,984,660
$411,337
C4-4 (R7 equivalent)
3.44
Total
15,678
30,232
28,263
2
7
3.44
305 & 315 Fordham Road is located along the
premier commercial corridor in the Bronx
offering a mixture of over 300 small independent
shops along with national and regional chain
stores. The success of the corridor can be linked
to its easy accessibility and heavy foot traffic from
the neighborhood’s high density of housing stock.
Also in the immediate area is Fordham University
with over 1,200 employees and 15,500 students.
Retail rents per square foot continue to be strong
and national attention has shifted to NYC’s outer
boroughs as the next opportunity for housing and
commercial development.
Transportation/access options are abundant with
the MTA
&
subway lines, Metro North
Fordham station, and express bus lines servicing
the area. The Grand Concourse and Bronx River
Parkway also provide easy access via car.
ASKING PRICE:
$42,000,000
For information on possible
financing, please contact:
For further information or inspection, please contact Exclusive Agents:
Robert Knakal
Karl Brumback
Jonathan Hageman
Elysa Berlin
Joshua Rubin
Chairman
Senior Vice President of Sales
Sales Team Manager
Director of Sales
Director of Sales
Director - Capital Services
[email protected]
[email protected]
212.696.2500 x7752
212.696.2500 x7736
[email protected] [email protected] [email protected] [email protected]
212.696.2500 x7777
212.696.2500 x7731
212.696.2500 x7773
212.696.2500 x7764
Preston Flammang
The information contained herein has either been given to us by the owner of the property or obtained from sources that we deem reliable. We have no reason to doubt its accuracy but we do not guarantee it. All zoning,
buildable footages and uses must be independently verified. The value of this investment is dependent upon these estimates and assumptions made above, as well as the investment income, the tax bracket, and other
factors which your tax advisor and/or legal counsel should evaluate. THE PROSPECTIVE BUYER SHOULD CAREFULLY VERIFY EACH ITEM OF INCOME, AND ALL OTHER INFORMATION HEREIN.
275 Madison Avenue • 3rd Floor • New York, NY 10016 • 212.696.2500 • Fax 212.696.0333
www.masseyknakal.com
THE BRONX BROOKLYN MANHATTAN NASSAU NEW JERSEY QUEENS STATEN ISLAND WESTCHESTER
m Road
Shopper’s
Directory
Area
Map
&
Guide
~30,000 SF OF PRIME CORNER RETAIL
ON FORDHAM ROAD
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305-315
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305-315 East Fordham Road
K02
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ollege,KingHall
D10 T-Mobile
omeAvenue
7EastFordhamRoad
E1
94
A0
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D11 Save-A-ThonStores 1
St
omeAvenue
9EastFordhamRoad
POE PARK
E
1
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D12 FordhamDepartmentStore
92 St
omeAvenue
11EastFordhamRoad 1
E 19
E 19
1
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ST JAMES PARK
terCorp St
D13 FultonJewelers
B
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13EastFordhamRoad
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15EastFordhamRoad
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for a full list of all retailers.
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D16 0 HollywoodCollection
E1
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17EastFordhamRoad
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K06 K0 27EastFordhamRoad
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15
K04
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R03 R08
K01
3
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R04 R09
WilliamsSupermarket
D 2471MorrisAvenue,3rdFloor
4
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4
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East
6
R11
D19
West FordhamP1Rd
D BronxVetCenter
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G15
K
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L11 2471MorrisAvenue,Suite1A
1
K03
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G14
L10
C01 4
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12 R1314
E01
L09 FordhamRoadPharmacy
R
41
J07
4
C02
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L08 2EastFordhamRoad
6
J08
BRYAN PARK
R1
C03
L
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J
7
ordhamRoad
09
34
L05E02 AudioTown
ROSEHILL
J10
hildren’sWear&Shoes
L04 L06 4EastFordhamRoad
J11
PARK
L03
ordhamRoad J12
J07
L02 E03 USFitted’s
J13
Metro Northion J08
L01
utPlus
6EastFordhamRoad
at
8 St
J09
Fordham St
H07
ordhamRoad
9
J10
E04 CelineNY
D
H08
PK1
B-L
F08
J11
uch
8EastFordhamRoad
22 61 B-L
Prov
60
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U1
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JZ12
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ordhamRoadD
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X0 3
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U1 8
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X0 4
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10EastFordhamRoad
U2 9
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5
X
8
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U2
St University
FordhamRoad
X0 6
U2 1
E06 PortaBella
7
U2 2
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X0
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12-20EastFordhamRoad
3
8
U2
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U2No
FordhamRoad
RETAIL
PARKING
X
5
E07 AT&TWireless
D
1
U2
D
X1 0
6
ceWireless 16EastFordhamRoad PK4
Apparel&Sportswear/OfficeSuppliesU U27 PK1
ProvoParkingLLC
X1 1
2
2
D
Gem
FordhamRoad
DepartmentStore/DiscountOutletsU29 8
2468X1Tiebout
Avenue
P
3
F01 MonroeCollege,SouthHall
268 arking
U3
0
Electronics&Appliances
Fashion
2450WaltonAvenue East 188thCorp.
PK2 Jerome-190thSt
Stre
et
ordhamRoad
HomeImprovements/Jewelry
F02 GyroKing
E 18MunicipalGarage
55
9 St Jerome Avenue
S
50EastFordhamRoad
2478
BANK
/
FINANCIAL
SERVICES
GGE
ordhamRoad
x
421 pressP
FordhamGoldMineCorp.
East
a
PK3 PioneerParkingLLC
E 187F03
189 rkingLL
BEAUTY / FITNESS
niture
St 50EastFordhamRoad
th S
2382
Creston
Avenue
tree C
ordhamRoad
t
F04
GeneralNutritionCenter(GNC)
COLLEGES / INSTITUTIONS
PK
PK4 GemParkingCorp.
ollege,JeromeHall
Valen 5
52EastFordhamRoad
St.
tin
268 East 188th Street
omeAvenue
250 E eParking
FOOD / DINING
astF05
LLC
187th MyKids
S
t
r
Deli/Grocery/Supermarket
e
et
4/7GourmetDeli
54EastFordhamRoad
PK5 ValentineParkingLLC
omeAvenue
Liquor/Restaurant
PK3
250 East 187th Street
F06 FordhamGameworld/CapsUnlimited
PioneerParkingLLC
-JeromeFabrics
56EastFordhamRoad
MEDICAL
PK6 PGGExpressParkingLLC
PK7
2382 Creston Avenue
K3
D
omeAvenue
F07 DuaneReade
LAZParking
421 East 189th Street
MedicalPractitioners
1 Fordham Plaza / 450 East 189th Street
ght‘N’Style
58EastFordhamRoad
Optical/Pharmacy
PK7 LAZParking
rdhamRoad
F08 LucilleRoberts
1 Fordham Plaza / 450 E. 189th St.
OTHER
entleDental
2449MorrisAvenue,2ndFloor
ArmedForces/ElectedOfficials
rdhamRoad,2ndFloor
G01 MonroeCollege,MonroeHall
TRANSPORTATION
E
CommunityDevelopment
thCareerTrainingCenter 184 S
29EastFordhamRoad
Bus/Subway
t
P15 TheVitaminShoppe U20 Webster’sC&MPizza
S01 ElectronicOutlets W09 H2oGear
GovernmentAgencies/LawFirms
rdhamRoad,2ndFloor
PK3
G02 Inspire
316EastKingsbridgeRoad
2519WebsterAvenue
330EastFordhamRoad
2541WebsterAvenue
PhotoProcessing&Accessories
Salon&Tattoos
29EastFordhamRoad
PioneerParkingLLC
P16 Subway
U21 Phones&GamesCenter
S02 GeorgeJewelryCreations
X01 Walgreen’s
RealEstate/SocialServices
4406EastFordhamRoad
D
rdhamRoad,2ndFloor
2382 Creston Avenue
316EastKingsbridgeRoad
2519WebsterAvenue
332EastFordhamRoad
4
D
G03 Modell’sSportingGoods TattooParlors/Travel
31EastFordhamRoad S03 Mirage2000Jewelry P17 ExpressHairBraiding/SanduGeneral
U22 PalmReading
X02 Sears Merchandise
2519WebsterAvenue,2ndFloor
336EastFordhamRoad
404EastFordhamRoad
rdhamRoad
METRO NORTH
G04 FabcoShoes
314EastKingsbridgeRoad
U23
PlazaPharmacy
S04
TheSpot
X03 BestBuy
on possible
For information
33EastFordhamRoad
P18 JacksonHewittTaxService
2515WebsterAvenue
338EastFordhamRoad
402EastFordhamRoad
For further information
or
inspection, please contact Exclusive
Agents:
rdhamRoad
financing,
please
contact:
314EastKingsbridgeRoad
U24 WebsterFabrics&Yarn
S05 HotPoint
X04 24HourFitness
P19 Palm&TarotReadings
2513WebsterAvenue
340EastFordhamRoad
400EastFordhamRoad
314EastKingsbridgeRoad,2ndFloor
Karl BrumbackS06 Manus
Joshua Rubin
Robert Knakal
Jonathan
Hageman
ElysaU25
Berlin
Preston Flammang
NorthEndWine&LiquorStore
X05 BankofAmericaATM
P20 AlmonteNailsSalon
2509WebsterAvenueDirector of Sales 342EastFordhamRoad
410EastFordhamRoad
Senior Vice President of Sales
Chairman
Sales Team Manager
Director of Sales
Director - Capital Services
d
J12 DentalOffice
S07 SunlightFurniture/ShaxtelWireless/
P15
L05 GothamPerDiem,Inc
M05 MetroPCS
314EastKingsbridgeRoad,3rdFloor
U26 ParrillaLatinaSteakhouse
X06 Healthfirst
[email protected]
[email protected] [email protected]
[email protected]
[email protected]
[email protected]
ordhamRoad
2475GrandConcourse
2488GrandConcourse,Room319-324
2502GrandConcourse
P21 BronxLibraryCenter
2501WebsterAvenue
GameCenterofUSA/PerfumesCenter
412EastFordhamRoad
212.696.2500 x7731
212.696.2500 x7752
212.696.2500
x7777 J13 ZPGiftPlus
212.696.2500 L05
x7773BronxWomen’sBusinessResourceCenter
212.696.2500 x7764
310EastKingsbridgeRoad
344EastFordhamRoad
P16
212.696.2500 x7736
U27 R&GBrennerIncomeTax M06 PrettyGirl
anaChicken
X07 JonasBronckAcademy,
Q01 AvitheJeweler/PayGoWireless
2497WebsterAvenue
S08 3FloorDepartmentStore
MiddleSchool228 FordhamRoad
2471GrandConcourse
2488GrandConcourse,Room321
203EastFordhamRoad
The information contained
herein has either been given to us by the
of the property or obtained from sources that we deem reliable. We have no reason to doubt its accuracy
but we do not guarantee it. All zoning,
300EastFordhamRoad
owner
350EastFordhamRoad
400EastFordhamRoad
U28
BigLineFurniture
Expressbuildable
footages
K01
1199SEIUChildCareCorp.
L05
FamilyAides,Inc.
M07
2Bros.Pizza
and uses must be independently verified. The value of this investment is dependent upon these estimates and assumptions made above, as well as the investment income, the tax bracket, and other P17
Q02 UrbanTerrain legal counsel should evaluate.
2489WebsterAvenue
T01 THE
Cee&CeeDepartmentStore
CAREFULLYVERIFY
X08 AcadiaRealtyTrust factors which your tax advisor and/or
PROSPECTIVE BUYER SHOULD
EACH ITEM OF INCOME,
ALL OTHER INFORMATION HEREIN.
FordhamRoad
2500CrestonAvenue,3rdFloor
2488GrandConcourse,Room325
AND207EastFordhamRoad
300EastFordhamRoad
331EastFordhamRoad 400EastFordhamRoad,Suite201
U29
Webster99CentStore
4
K02 LolaJeans
L05 FirstCareofNewYork,Inc.
M08 PlatformNYCOutifitters
Q03 Jaclyn’sBoutique
2477WebsterAvenue
T02 Oro-UnoJewelry/
X08 LawOfficesofNonnaShikh,Esq.P.C.
275
Avenue • 3rd
Floor • New
York,
NY 10016 • 212.696.2500
• 207EastFordhamRoad
Fax 212.696.0333
300EastFordhamRoad
PlanetMarsCommunications
400EastFordhamRoad,Suite202
P18
Madison
141EastFordhamRoad
FordhamRoad
2488GrandConcourse,Room329-332
U30 WebsterLock&HardwareCo.
335EastFordhamRoad
Q04 ElectronicFactory
2471WebsterAvenue
X08 TheChildren’sVillage
www.masseyknakal.com
K03
CapitalOneBank
umePlus L05
MilleniumMedicalStaffing,Inc.
M09
PaylessShoeSource
302EastFordhamRoad
T03 Lola 400EastFordhamRoad,6thFloor
V01 RivasTravel
P19
151EastFordhamRoad
FordhamRoad
2488GrandConcourse,Room334
209EastFordhamRoad
339EastFordhamRoad
THE BRONX BROOKLYN MANHATTAN NASSAU NEW
JERSEY QUEENS STATEN ISLAND WESTCHESTER
Q05 KidCity
2534MarionAvenue
X08 FederalEmploymentGuidanceServices
Broker Confidentiality and Indemnification Agreement (the “Agreement”)
305-315 East Fordham Road, Bronx, NY
Principal:
________________________________ (“Potential Purchaser”)
Title:
________________________________
Company:
________________________________
Address:
________________________________
Address:
________________________________
Phone/Fax:
________________________________
E-Mail:
________________________________
Salesperson: _______________________________ (“Broker”)
Company:
________________________________
Address:
________________________________
Address:
________________________________
Phone/Fax:
________________________________
E-Mail:
________________________________
Re: Confidentiality and Indemnification Agreement
We have advised you that Massey Knakal Realty of Manhattan LLC, (“Agent”) is acting as exclusive agents
on behalf of the ownership and their related companies, The Owner (“Owner”), in connection with the possible
sale of the properties located at 305-315 East Fordham Road, Bronx, NY (the “Property”). You have informed us
that
_______________________
(“Broker”)
is
authorized
to
act
on
behalf
of
_____________________________ (“Potential Purchaser”) and represent that Potential Purchaser is interested
in the possible purchase of the Property, and has the experience and financial capabilities to undertake a transaction
of this magnitude.
Broker may make such Confidential Information available to Potential Purchaser upon execution of this
Confidentiality Letter. The Confidential Information is intended solely for Potential Purchaser’s limited use in
evaluating the Property. This is not an agreement to sell the Properties or any interest therein. No agreement
binding upon Owner, or any of its associated or affiliated companies, to sell the Property shall be deemed to exist,
at law or equity, until Owner enters into a formal binding agreement, fully executed and delivered by all parties
thereto. Broker has no authority to bind Owner in connection with the sale of the Property or otherwise.
Page 1 of 3
2
The Confidential Information contains brief, selected information pertaining to the Property and the
business and affairs of Owner. It does not purport to be all inclusive or to contain all the information which
Potential Purchaser or a prospective purchaser or lender may desire. Neither Agent, Owner, or Broker makes any
representation or warranty, expressed or implied, as to the accuracy or the completeness of the Confidential
Information and no legal liability is assumed or to be implied with respect thereto.
Broker has informed Potential Purchaser that it is of utmost importance that all discussions concerning
the proposed transaction (including, without limitation, the fact that any discussions have taken or are taking place)
be kept in strict confidence. Accordingly, Potential Purchaser hereby agrees that the Confidential Information will
be used only in connection with the proposed transaction and its consideration thereof, and that all discussions
concerning the transaction, as well as all Confidential Information, will be kept confidential by Potential Purchaser
and its partners, officers, members, agents, employees, contractors, and consultants, and shall not, except as
hereinafter provided, be disclosed in any manner whatsoever without the prior written consent of Owner, which
may be granted or withheld in Owner’s sole and absolute discretion. Information concerning the transaction and
the Confidential Information shall be submitted only to those partners, officers, members, agents, employees,
contractors and consultants who need to know such information for the purpose of evaluating the transaction and
who shall (i) be advised by Broker or Potential Purchaser of the confidential nature of the information and (ii) shall
be instructed by Broker or Potential Purchaser to treat such information confidentially. Broker and Potential
Purchaser will be responsible for any such persons to comply with such instruction.
Owner expressly reserves the right to reject any or all proposals or expressions of interest to purchase the
Property, to consummate the sale of the Properties to a party other than Potential Purchaser, and to terminate
discussions at any time with or without notice. If Potential Purchaser does not wish to pursue negotiations, or
such negotiations are undertaken but a transaction fails to be consummated with Potential Purchaser, Potential
Purchaser hereby agrees to promptly return the Confidential Information to Agent.
Broker and Potential Purchaser understand and foresee that any violation of this Confidentiality Letter
would damage Owner and Agent and their respective successors. Broker and Potential Purchaser hereby agree to
indemnify, defend and hold harmless Owner and Agent and their respective members, directors, officers, employees,
agents, representatives, successors and assigns from and against any and all liability, claim, demand, loss, cost, damage,
expense or cause of action (including without limitation, reasonable attorneys' fees and expenses) in connection with
any breach or alleged breach of the confidentiality provisions of this Agreement. In addition, Broker and Potential
Purchaser agree that Owner and Agent will have no adequate remedy at law if Broker or Potential Purchaser
violates any of the terms of this Confidentiality Letter. In such event, Owner and/or Agent will have the right, in
addition to any other right Owner and Agent may have, to seek injunctive relief to restrain any breach or threatened
breach by Broker or Potential Purchaser or specific enforcement of such terms.
Broker and Potential Purchaser understand and agree that the Confidential Information does not purport
to be complete and accurate, and that Broker and Potential Purchaser will rely entirely on its own due diligence
with regard to all matters. No representations or warranties are implied by the submission of the Confidential
Information and none is given unless Owner subsequently elects to make specific, limited representations and
warranties in a final, fully executed and delivered, sale agreement definitive in form and scope. Broker and Potential
Purchaser agree that neither Owner nor Agent shall not have any liability to Broker or Potential Purchaser as a
result of its use of the Confidential Information and it is understood that Broker and Potential Purchaser are
expected to perform and be responsible for such due diligence investigations and inspections of the Property,
including investigation of any environmental conditions, as Potential Purchaser deems necessary or desirable and
as permitted by agreement with Owner.
Page 2 of 3
3
Very truly yours,
MASSEY KNAKAL REALTY SERVICES, Agent
By_____________________
Name: Robert A. Knakal
Title: Chairman
ACCEPTED AND AGREED TO:
Principal:
______________________ (Please Print)
Signature:
______________________
Title:
______________________
Dated:
___________________, 2014
Broker:
______________________ (Please Print)
Signature:
______________________
Title:
______________________
Dated:
___________________, 2014
Please email or fax this fully executed agreement to Leica Meliton at: [email protected]
or (347) 402-7572
Page 3 of 3