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New York & Tri-State   /   December 2, 2019

Paul Bubny
By: Paul Bubny

Fordham U. Picks Up Development Site Adjacent to Campus

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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Paul Bubny serves as Senior Content Director for Connect Commercial Real Estate, a role to which he brings 13-plus years’ experience covering the commercial real estate industry and 30-plus years in business-to-business journalism.
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