3515-3519 Bainbridge Ave

Ariel Property Advisors presents 3515-3519 Bainbridge Avenue, an incredible development opportunity across the street from the Montefiore Medical Center in the Norwood neighborhood of the Bronx. Located on the bustling corner of Bainbridge Avenue and East Gun Hill Road, 3515-3519 Bainbridge Avenue’s R7-1/C1-3 zoning provides developers with unique possibilities. Given the site’s 4.8 FAR with community facility and its proximity to Montefiore Medical Center, the property is an ideal opportunity to develop 105,821 square feet for medical-office, life science, research or other healthcare-oriented non-profit use. Given the property’s R7-1 zoning and its location on a ‘wide-street,’ developers can also build an 88,184 square foot mixed-use site (FAR: 4.0 w/ wide street). Currently, 3515-3519 Bainbridge is improved with a four-story school and an adjoining rectory. Notably, the site’s location in a newly created Qualified Opportunity Zone presents qualifying investors with tax benefits associated with the Opportunity Zone provision in the Tax Cuts and Jobs Act of 2017. In addition to enjoying a central location in the middle of the Montefiore Medical Center Campus, 3515-3519 Bainbridge Avenue is surrounded by several major Bronx attractions. Van Cortlandt Park, Williamsbridge Oval, The Bronx Botanical Gardens, The Bronx Zoo and both Fordham University and Lehman College are all a short distance from the property. Transportation throughout the Bronx and the greater NYC area is provided by the 4/D subways lines, the Williams Bridge Metro-North station, The Bronx River Parkway and the Major Deegan Expressway that are all within a half-mile of the property. Offering tremendous scale and a prime location in an Opportunity Zone, 3515-3519 Bainbridge is a premier North Bronx development opportunity.