OPEN Impact Real Estate is pleased to present a unique development site in the Bronx. [Materials: Renderings, drawings, reports, site information and other relevant materials are available in the secure Data Room (please sign and return the attached standard NDA to get access)] 1956 Jerome Avenue – entitled and permitted school /community facility development opportunity with the potential of 76,260 buildable square feet (BSF). Property Highlights: · Completed foundation, first floor slab and backfilling; site ready for immediate acquisition as-is, or potential for a long-term lease with turnkey delivery in 18-20 months. · Includes substantial construction materials, approved plans and permits for a 76,260 GSF K-8 school. · 10,369 SF corner lot situated at Jerome and East Tremont Avenues. · Located four minutes from the 4 Train at Burnside Ave and five minutes from the B/D trains at Tremont Ave. Asset Versatility: The property offers multiple strategic opportunities under C4-4D zoning, including school, community facility use as-of-right, and mixed-use developments. The approved school plans provide significant value and expedite the development timeline for educational or other nonprofit end users. Location Overview: Strong local demographics - over 21% of residents under age 15. Bronx charter enrollment increased 33% between 2019-20 and 2023-24, and the Jerome Avenue Rezoning will bring nearly 9,500 new residents.