A landmark building with an iconic smokestack, The BankNote sits prominently on a hill along the Bruckner Expressway in the Bronx with extraordinary views of Manhattan. Its four-buildings are home to a variety of government (including Congressman Jose Serrano), civic and private sector office tenants, non-for-profit organizations and the arts community.
Stable, professional, on-site ownership and management and an abundance of light and air distinguish this architecturally distinct property. An extensive, recently completed capital improvement program breathed new life into this former manufacturing facility and further enhanced its landmark stature.
The four-building complex totals 405,000 square feet and sits on a 178,800-square-foot lot including private parking. Exposed brick walls, large vaulted windows, concrete floors, light-infused spaces and soaring, open ceilings up to 21’ lend a historic feel to the interior spaces that appeal to a wide range of tenants.
A $25 million capital improvement program has revitalized this landmark building. Major renovations included the installation of new windows, elevators, bathrooms, mechanical systems, security systems, new entryways and lobbies, enhanced parking areas and landscaping.
Built in 1909, The BankNote is the former home of the American Banknote Company which printed U.S. and foreign currency and securities at the site. It was designated a New York City Landmark by the Landmarks Preservation Commission in 2008.
A September 13, 1992 article in The New York Times noted:
Until 1941, Joseph R. Ford occupied a room in the tower with a special mission -- he attempted to counterfeit, under the most favorable conditions, the company's currency, stock certificates and other products. His efforts were carefully analyzed to improve the company's engraving, papers and inks. By 1961, The Saturday Evening Post reported that in one day over 5 million pieces of paper were processed. The company was at that time printing half of the securities of the New York Stock Exchange. By 1980, food stamps were 8 percent of sales.
A $25 million capital improvement program has revitalized this landmark building with each of the buildings receiving individual attention. Lobbies at the Lafayette, Garrison, Smokestack and Barretto entrances were completely modernized with large glass storefront openings, steel canopies, security systems, signage and finishes.
Major infrastructure upgrades included:
The Lafayette Wing is ideally suited for creative and traditional office uses. Flexible and efficient floors boast high ceilings, oversized windows, abundant natural light and panoramic skyline views.
1231 Lafeyette Avenue
Bronx, NY 10474
By Car
Grand Central Terminal - 17 minutes
Times Square - 19 minutes
Yankee Stadium - 10 minutes
George Washington Bridge - 10 minutes
RFK Bridge - 5 minutes
Whitestone Bridge - 9 minutes
Throggs Neck Bridge - 10 minutes
LaGuardia Airport - 11 minutes
JFK Airport - 25 minutes
Downtown Brooklyn - 23 minutes
Greenwich, Connecticut - 30 minutes
Westchester County, New York - 30 minutes
White Plains, New York - 30 minutes
New Rochelle, New York - 16 minutes
Fort Lee, New Jersey - 15 minutes
By Subway
125th Street (6 train) - 12 minutes
Grand Central Terminal (6 train) - 25 minutes
Penn Station (2 train) - 40 minutes
Madison Marquette is a private, fully integrated real estate investment management and operating company providing a comprehensive set of services to institutional investors in retail, mixed-use and office assets in top-tier markets across the United States. Since the firm’s inception in 1992, Madison Marquette has worked with a premiere group of partners and clients to define and execute accretive plans to successfully achieve investment objectives. Madison Marquette has been recognized as a thought-leader and innovator in the real estate industry – with a keen ability to identify trends impacting real estate investments and to strategically incorporate these trends into the firm’s investment, planning, development, asset management, leasing and operating strategies.
Today, Madison Marquette is working collaboratively with its clients and partners to leverage current trends to maximize values in retail, mixed-use and office assets in and around dynamic urban gateway markets including New York, San Francisco, Seattle, Washington DC, Los Angeles and South Florida.
JRT Realty Group, Inc., was established in 1996 as a woman-owned, full-service commercial real estate services firm to address industry-wide supplier diversity initiatives. Today, the company is recognized as an industry leader and the nation’s largest certified M/WBE commercial real estate firm.
The company’s benchmark for superior service enables Fortune 500 and institutional clients, as well as federal, state and city governments, to achieve their aggressive, multi-million dollar diversity spending goals through innovative business solutions.
JRT Realty provides a full-range of customized client services, including strategic planning, corporate real estate portfolio management, tenant representation, leasing and property marketing, financing and investment sales.
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