Sale Portfolio (2)
PictureProperty Name/AddressSizeYear BuiltIndividual Price

Description

This 76,000 square foot, two-story industrial building with a lower level is fully equipped with a sprinkler system, heating, and a robust 4,000 AMP electrical service. The property includes four loading docks capable of handling 53-foot trailers, along with two freight elevators. Ceiling heights throughout the building range between 14 and 16 feet. The layout consists of approximately 18,000 square feet on the lower level, 40,000 square feet on the divisible ground floor, and 18,000 square feet on the second floor. Located on the border of the Bronx and Mount Vernon, the building offers convenient access to transportation, situated just eight minutes from both the Wakefield Metro-North Station and the 241st Street Subway Station. It is also only five minutes from the Bronx River Parkway and approximately two miles from both I-87 and I-95. The lot measures 240 by 170 feet, totaling 40,800 square feet, while the building footprint is 238 by 168 feet. Zoned M1-1 with a Floor Area Ratio of 1.00, the property falls under Tax Class 4, with approximate 2023/2024 real estate taxes of $150,000. The property will be offered via online auction from November 4 to 6, 2024.

Property Documents

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555_East_242nd_Street_Brochure.pdf

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Listing Details

  • Cap Rate

    8.32%

  • Space Type

    Industrial

  • Sub Category

    Warehouse

  • Date Listed

    10/6/2025

  • Net Operating Income

    $998,107

  • Ceiling Height / Slab to Slab

    16 Ft

Property Specifics

  • Property Name

    555 East 242nd Street

  • No of Stories

    2

  • Building Size

    76,000 SF

  • Lot Size

    40,800 SF

  • APN

    5104 / 14 | 164.83-3001-11

  • Zoning

    M1-1