December 2, 2019 Comments Off on Fordham U. Picks Up Development Site Adjacent to Campus Views: 773 New York News, Uptown/Bronx New York

Fordham U. Picks Up Development Site Adjacent to Campus

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Cushman & Wakefield recently arranged the sale of 619 E. Fordham Rd., a 5,000-square-foot garage leased to Enterprise Rent A Car in the Bronx. The property was purchased by Fordham University for an undisclosed sum.

A Cushman & Wakefield team of Jonathan Squires, Addison Berniker, Michael Fioravanti, Josh Neustadter and Shayne Soltan represented the seller, Six 19 Custom, LLC, in the sale. “Our client’s property is perfectly located on the corner of Fordham Road in front of the university, which would have been a draw for any buyer,” said Berniker.
Squires added, “Given the fact that it’s just steps away from Fordham, this site gives the university many development options practically on campus.”

The new ownership has the option to maximize use of the facility by either converting the space for retail use, or utilizing the 31,786-buildable-square-feet allowed by current zoning.

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