A SUPER fascinating photo: it is at "The Hub", a thriving commercial neighborhood at 149th St and Third Avenue in the South Bronx. There was a station on the El at that location but no longer there in your photo. I'm very surprised and impressed that such an old structure could still support the weight of that locomotive.
And I'm puzzled as to what NJ Public Service buses were doing in NYC that far away from the George Washington Bridge Bus Station (given the apparent existence of what seems like a bus station in the right of the old photo below). I can speculate that NJ Public Service buses had a transfer point to the Third Avenue El and the subways for NJ commuters at the Hub. After the GWB Bus station opened in 1963, all NJ buses coming over the bridge were required to terminate at the new bus station and would no longer traverse NYC streets, so that would put the date of your photo as prior to 1963.
I figured out the location from the name of the neckwear store to the left of the Thom McAn ("The Hub Neckwear Co."). Here's an earlier pic of the same area.
Thanks for sending me on a deep dive into South Bronx transit history! 😁
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Hello Joe G
SEE MY OWN JUST ADDED PHOTOS BELOW of this same location
THANKS MUCH -- I spent an hour searching for Howard Clothes Store and Tom Mcan locations on Google but useless...but I recognized the EL structure and had a suspicion it was at 149th & 3rd. You see the odd outer track girders and their connection to cross beams. That was when the El was widened for creating a new 2-platform express station in 1914-15 and the cross girders were extended outboard. New twin track girders were installed on each extended cross girder for a new further outboard located UPTOWN & DOWNTOWN Local Track. The original track girders for the original inboard located 2 local tracks (it was built as a single island platform station in early 1890's) were used to support the two new island platforms for the new express station.
Anyway, I actually have that same photo (and about 100 others in the 149th St Station area circa 1905 thru 1973) in my collection -- I should have followed my own hunch-suspicion, and first LOOKED at my 3rd Ave EL E. 149th St Station photos-album (I have an album of photos for EACH station on that EL - South Ferry, City Hall up to to Gun Hill Rd) and I would have saved a lot of time. Yeah, I don't know WHY those NJ buses are there unless it was a private charter shopping trip or something to do with going to the Bronx Park Zoo, an outing, etc.
NO - that is not a bus station (white structure). It actually houses the stairs and escalator from the below IRT Subway station to the above 3rd Ave EL Station. Willis Avenue is in (and ends at) lower foreground and the Willis Ave. trolley tracks swing to merge with those under the 3rd Ave El. This is a circa 1949-1950's photo -- Bronx streetcars ended in 1950 and overhead wire removed by 1951.
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BELOW are some of the photos in my collection of that exact area -- the ones with * are those I shot.
BELOW -- N/W from Willis Ave to 3rd Ave EL E. 149th St Express Station over 3rd Ave - 1945
BELOW *-- N/W from Willis Ave. to 3rd Ave EL E.149th St Express Station over 3rd Ave - 1953
BELOW *-- N/W from Willis Ave to 3rd Ave EL E.149th St TERMINAL Station over 3rd Ave - 1972
BELOW *-- N/W from Willis Ave to abandoned 3rd Ave EL E.149th St Terminal Station over 3rd Ave.
note the Howard Store sign is gone - store out of business - 1975
BELOW *-- South along west side 3rd Ave along the 3rd Ave EL's E.149th Street then TERMINAL
Station under the former S/B local track - Howard & Thom McAn stores both seen - 4-1973
BELOW -- The same photos as your photo -- view N/W from Willis Ave in 1949
Regards - Joe F - and thanks again for the exact location !
R12 #7 Flushing 
Q-Type 
in a big way
You got that right!
