Massey Knakal Realty Services has been retained to sell the 101Lincoln Ave. property. The source explains that the seller ownedand occupied the building for decades, "but in recent yearsrelocated the business and rented the property."

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The building consists of an L-shaped warehouse building with aconnected two-story office building. The site is located betweenthe Harlem River, Lincoln Avenue, the Third Avenue Bridge andBruckner Boulevard.

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Zoning for the property allows for residential, commercial andmanufacturing development. Depending on the use, the buildablesquare footage ranges from 670,000 to 870,000 buildable sf. Sellerfinancing is available.

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The source explains that the property is priced competitivelycompared to other large development sites that have sold in theBronx. The source further notes that the property has been on themarket for one week and there has been "rapid interest."

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"This site would be perfect for mixed development with potentialretail, hotel and residential use," says Massey Knakal partner andmanaging director Thomas Donovan, the exclusive agent on the salealong with broker David Simone. "It's close to transportation,literally at the foot of the Third Avenue Bridge."

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Natalie Dolce

Natalie Dolce, editor-in-chief of GlobeSt.com and GlobeSt. Real Estate Forum, is responsible for working with editorial staff, freelancers and senior management to help plan the overarching vision that encompasses GlobeSt.com, including short-term and long-term goals for the website, how content integrates through the company’s other product lines and the overall quality of content. Previously she served as national executive editor and editor of the West Coast region for GlobeSt.com and Real Estate Forum, and was responsible for coverage of news and information pertaining to that vital real estate region. Prior to moving out to the Southern California office, she was Northeast bureau chief, covering New York City for GlobeSt.com. Her background includes a stint at InStyle Magazine, and as managing editor with New York Press, an alternative weekly New York City paper. In her career, she has also covered a variety of beats for M magazine, Arthur Frommer's Budget Travel, FashionLedge.com, and Co-Ed magazine. Dolce has also freelanced for a number of publications, including MSNBC.com and Museums New York magazine.