JLL selected to sell 3041 Webster Avenue in North Bronx

Firm marketing 85,000-buildable-square-foot opportunity located in the Norwood neighborhood of the Bronx

December 18, 2019

NEW YORK, December 18, 2019 — JLL Capital Markets has been selected to exclusively market

3041 Webster Avenue in the Bronx, N.Y. The 15,000-square-foot site is located in the heart of the Norwood neighborhood of the North Bronx. The owner of the former Sam’s Floor Coverings is asking $6.5 million for the property.

The site offers an 85,000-buildable-square-foot development opportunity that currently houses a vacant 15,000-square-foot, two-story commercial fireproof warehouse, which was formerly a carpet retail operation. 3041 Webster Avenue is located in an inclusionary housing zone and benefits from R7D/C2-4 zoning.

The property lies on the west side of Webster Avenue and is just north of Mosholu Parkway, which intersects with Grand Concourse and offers easy access to the Bronx River Parkway. The site is also located within walking distance of the B and D subway lines and the Botanical Gardens Metro North train line. Environmental reports, the property survey and blueprints of 3041 Webster Avenue are all available upon request.

The JLL Capital Markets professionals handling the sale and marketing of 3041 Webster Avenue include Managing Director Karl Brumback and Associates Brian Streilein and Eric Teifen.

“3041 Webster Avenue offers an attractive Norwood-area development opportunity,” Brumback said. “The property lies in an inclusionary housing zone and allows construction of up to 85,000 square feet, making this an excellent residential housing investment project.”

JLL Capital Markets is a full-service global provider of capital solutions for real estate investors and JLL Capital Markets is a full-service global provider of capital solutions for real estate investors and occupiers. The firm's in-depth local market and global investor knowledge delivers the best-in-class solutions for clients — whether investment advisory, debt placement, equity placement or a recapitalization. The firm has more than 3,700 Capital Markets specialists worldwide with offices in nearly 50 countries.

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About JLL

JLL (NYSE: JLL) is a leading professional services firm that specializes in real estate and investment management. Our vision is to reimagine the world of real estate, creating rewarding opportunities and amazing spaces where people can achieve their ambitions. In doing so, we will build a better tomorrow for our clients, our people and our communities. JLL is a Fortune 500 company with annual revenue of $16.3 billion, operations in over 80 countries and a global workforce of more than 93,000 as of September 30, 2019. JLL is the brand name, and a registered trademark, of Jones Lang LaSalle Incorporated. For further information, visit