KZA Realty Group has facilitated the purchase of a developmental property site located in the bustling thoroughfare of the Bronx. Plans for the property have not been disclosed as of yet, however, its prime location in the Norwood section of the Bronx allows for ample business opportunities for the new owner.
Kathy Zamechansky of KZA Realty Group represented the owner, Pars Enterprises Inc, during this month’s closing at 3578 Jerome Avenue. Working alongside Rick Stassa of Emerald Commercial Properties, LLC, the two were able to come to a mutually acceptable purchase price of $1.2 million for the 5,000 square feet of developmental space. The property currently has a commercial building and adjacent parking lot available for immediate use. Access to the 4 subway line and Bx10, Bx16, Bx34, and BxM4 are also only a short distance away.
“We are seeing a strong increase in sales for commercial properties. For many, locations such as this are becoming increasingly popular, especially for entrepreneurs wanting to bring their businesses to life,” said Kathy Zamechansky.
The Norwood section of the Bronx is a working-class residential neighborhood known for its diversity and landmarks. This includes the Valentine-Varian House, which houses the Museum of Bronx History, Williamsbridge Oval Park, and the Montefiore Hospital and Medical Center.
Jerome Avenue is located inside the Norwood section of the Bronx and is well regarded as one of the Bronx’s most established commercial thoroughfares. It offers many different types of small businesses, including grocery stores, delis, auto body shops, and professional services within walking distance.
KZA Realty Group also secured a buyer for a 12,310 sq. ft. lot on 296 W. Fordham Road,
Bronx, NY for $3 million. Kathy Zamechansky represented both the buyer Shahzad Mir and the seller Z. Zindel Inc.
The new owner will be building a drive-thru Dunkin Donuts and a parking lot on the property. Mr. Mir has several Dunkin Donuts and Edible Arrangement stores in the Bronx and Connecticut.