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Transactions - APRIL 15, 2020

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Sam’s Carpet sells Bronx neighborhood building

by Released

Sam’s Carpet, a long-term owner-operator, has sold 3041 Webster Avenue, a development opportunity in the Norwood neighborhood of the north Bronx, N.Y.

Bolivar Development acquired the property for $6.4 million.

The development opportunity at 3041 Webster Avenue includes an existing two-story, 15,140-square-foot commercial, fireproof warehouse. The building was the former home of Sam’s Carpet, a carpet retail company, and offers 126 feet of prime frontage along bustling Webster Avenue.

The site is in an inclusionary housing zone and benefits from R7D/C2-4 zoning. It can support a residential zoning floor area of 63,588 square feet or an inclusionary housing zoning floor area of 84,784 square feet.

The property is located on the west side of Wester Avenue just north of the Mosholu Parkway and offers easy access to the Bronx River Parkway. The building is within walking distance to the B and D subway lines as well as the Botanical Gardens Metro North tr

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