Himmel + Meringoff Properties and Affinius Capital have appointed BKREA to market 1601 Bronxdale Ave., a fully entitled development site in the Bronx that is envisioned as a large-scale mixed-use destination anchored by new housing and transit access. The property is described as an operating industrial asset today, but is planned to transition into a major residential community with supporting uses.
The current master plan for 1601 Bronxdale Ave. calls for approximately 2.42 million square feet of development distributed across six buildings. These buildings are arranged around a newly mapped internal road network and a series of open spaces designed to organize access, circulation and public realm elements across the site.
Planned uses within the project include an entry plaza, a supermarket, neighborhood-serving retail, community facility space and 640 accessory parking spaces. The program is oriented toward creating what the ownership group describes as a mixed-use hub with thousands of new homes, though specific unit counts and phasing details have not been disclosed in the current materials.
A key feature of the plan is direct pedestrian access from the property to the forthcoming Parkchester/Van Nest Metro-North station. The design incorporates a connection to the future Parkchester Metro-North stop, positioning the project as a transit-oriented residential development with regional rail connectivity. This transportation link is central to the site’s long-term repositioning strategy.
Bob Knakal, chairman and CEO of BKREA, said the assignment illustrates how scale and market analysis shape New York City investment decisions. He pointed to the combination of an existing industrial operation, sizable land area, a planned transit node and the entitlement for thousands of homes as elements that make the property a distinct offering within the local market.
Himmel + Meringoff and Affinius Capital acquired the 7.4-acre site in 2019. Following the acquisition, the joint venture secured approvals through the New York City Department of City Planning under the Bronx Metro-North rezoning framework, enabling the contemplated transit-oriented residential and mixed-use program. With entitlements in hand, the partners are now pursuing a sale of the site through BKREA, positioning the next owner to execute on the approved large-scale development plan.
