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Bronx housing, retail site near planned new Metro-North station set to hit market

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Cuozzo, S. (2026, October 4). Bronx housing, retail site near planned new Metro-North station set to hit market. New York Post. https://nypost.com/2026/10/04/business/bronx-housing-retail-site-near-planned-new-metro-north-station-set-to-hit-market/

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New York Post · collected 2026-10-04 · by Steve Cuozzo

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AI analysis

Story summary

Himmel + Meringoff Properties (H+M) and its joint-venture partner Affinius Capital are planning to sell a 7.4-acre property at 1601 Bronxdale Ave in the Bronx, near the planned new Parkchester/Van Nest Metro-North station. H+M acquired the site in 2019, and it has all necessary city approvals for six buildings covering up to 2.41 million square feet, including retail space, community facilities, and a plaza. Currently, the property is leased to industrial and commercial tenants generating cash flow from a 354,000-square-foot building with second-floor office space.

The project, estimated at around $1 billion, would create up to 2,300 apartments, potentially making it one of New York City’s largest fully-entitled housing developments. The changes in the site's use and scale were approved as part of the state and city’s plan to enhance public transportation access in the Bronx by adding new Metro-North stations.

Written for “Bronx Real Estate Development” on 2026-11-03, grounded in this article and the 0 other(s) covering the same event.

Story

📰 Bronx Real Estate Development
Economy/Business · 1 article(s) covering the same event.

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How this article was measured signals, leaning charts, publisher record, byline, topics and claims

Signals How these are calculated →

Claims extracted
10
sentences that state something as happening or true
Uncertain
0%
0 of 10 hedged ("reportedly", "may", "according to")
Leaning
not political
takes no side on a contested political question
Publisher signals
66/100
New York Post's corrections and hedging, across everything collected from it. Not a measure of accuracy.
Outlets on this story
1
Economy/Business
Same framing elsewhere
1
articles that frame the event the way this one does
Analyzed 2026-10-04 · how these are computed

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Source leaning vs. consistency

Publisher

New York Post · 16396 article(s) · 35 correction(s) detected
Running correction rate · 35 correction(s)

Who wrote this

Steve Cuozzo
21 article(s) here · 1 carrying a prediction
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🔮 It routinely calls out the policies of blue-state mayors in Chicago and Portland who brought ruin to their cities strewn with homeless drug addicts and street criminals.
🔮 The complex would contain up to 2,300 apartments — estimated to cost around $1 billion and perhaps the city’s largest fully-entitled housing development site.
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Also by Steve Cuozzo
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Nothing else under this byline is closely related to this article, so these are simply their most recent.
All 21 articles by Steve Cuozzo →

Topics

Affinius Capital Bronx H+M Himmel + Meringoff Manhattan

Subjects

H+M ORG · 3× Affinius Capital ORG · 1× BKREA ORG · 1× Bob Knakal PERSON · 1× Bronx GPE · 1× Himmel + Meringoff ORG · 1× Knakal PERSON · 1× Manhattan GPE · 1× New York City GPE · 1×

Narrative

The changes in use and size were approved as part of the state’s and city’s plan to add Metro-North stations in the Bronx. The site is currently leased to industrial and commercial tenants providing in-place cash flow, including a 354,000 square-foot industrial building with second-floor office space.
framing: assertive · carried by 1 article(s) · first seen 2026-10-04
🔮 The complex would contain up to 2,300 apartments — estimated to cost around $1 billion and perhaps the city’s largest fully-entitled housing development site.

Claims (10 extracted, 0 hedged)

Himmel + Meringoff, which has developed, partnered in or managed 5 million square feet of prime Big Apple property mostly in Manhattan, plans to sell its outer-borough jewel. asserted
which → develop → jewel
H+M and joint-venture partner Affinius Capital are exploring a sale of 1601 Bronxdale Ave., a 7.4-acre site close to the planned new Parkchester/Van Nest Metro-North station. asserted
H+M → explore → station
H+M bought the parcel in 2019 and obtained all necessary city approvals for six buildings comprising 2.41 million square feet with public space including a plaza, retail and community space, 640 parking spaces and a direct pedestrian connection to the planned new station. asserted
H+M → buy → station
The complex would contain up to 2,300 apartments — estimated to cost around $1 billion and perhaps the city’s largest fully-entitled housing development site. asserted
complex → contain → billion
The changes in use and size were approved as part of the state’s and city’s plan to add Metro-North stations in the Bronx. The site is currently leased to industrial and commercial tenants providing in-place cash flow, including a 354,000 square-foot industrial building with second-floor office space. asserted
site → approve → space
The owners tapped BKREA, headed by CEO Bob Knakal, to market the property. asserted
owners → tap → property
H+M bought the site for $89 million seven years ago. asserted
H+M → buy → million
Sources said they hope to fetch $120 million for it. asserted
they → say → it
The 1601 Bronxdale parcel “is exactly the type of opportunity that demonstrates why scale and forward-looking market intelligence matter in New York City real estate,” Knakal said. asserted
Knakal → demonstrate → estate
“You have an operating industrial asset, significant land area, a major future transit connection and the potential to create thousands of homes — all in one property.” asserted
You → have → property
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