Vacant Four-Story
11 Canal Pl Bronx, NY 10451
11 Canal Pl, Bronx, NY, 10451
$6,999,999
For Sale
$6,999,999
Four-story warehouse offered vacant, totaling 20,000 square feet with open white-box space for customization.
Property Size20,000 SF
Price / SF$349
Days on Market255
Property Features for 11 Canal Pl
General Information
- Standard status
- Active
- Size
- 20,000 SF
Listing agency
Century 21 Galvez
(718) 409-6300
Listed by
Adrian Romero
(718) 409-6300
Source
Exprealty
Added: Nov 10, 2025 Updated: Jul 22 at 1:48PM Checked: Jul 22 at 1:48PM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Century 21 Galvez
Investment Insights
Based on property information with market context.
This vacant four-story warehouse totaling 20,000 square feet is offered as an open white-box space. The interior is suited for a range of uses, with a flexible, open layout and high ceilings built into a solid warehouse structure.
Located at 11 Canal Pl in the Bronx, the property is positioned for buyers seeking a site in the Mott Haven area, described in the listing as a fast-growing commercial corridor.
As presented, the building is a ready-to-adapt industrial asset with four distinct floors and substantial open volume that can be configured to match a specific plan for storage, production, creative workspace, or redevelopment.
Located at 11 Canal Pl in the Bronx, the property is positioned for buyers seeking a site in the Mott Haven area, described in the listing as a fast-growing commercial corridor.
As presented, the building is a ready-to-adapt industrial asset with four distinct floors and substantial open volume that can be configured to match a specific plan for storage, production, creative workspace, or redevelopment.
Key Highlights
- 4‑story vacant warehouse totaling 20,000 sq ft
- Open white‑box warehouse space for customization
- Located in the Mott Haven area of the Bronx
Local Financial Insights For Flex RnD
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $912.0k | $45.60 |
| − Vacancy | −$104.9k | −$5.24 |
| EGI | $807.1k | $40.36 |
| − OpEx | −$282.5k | −$14.12 |
| NOI | $524.6k | $26.23 |
20,000 SF · lease $45.60/SF/yr · vacancy 11.50% · expense 35.00%
Alternative Uses
Best Use
Warehouse
$13.86M
$12.13M – $16.17M
NOI $970,102 @ 7.0% cap · market cap 13.86%
Second Best
Industrial
$11.41M
$9.99M – $13.32M
NOI $798,907 @ 7.0% cap · market cap 11.41%
Theoretical Best
—
—
same as Best Use
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
The Society Of Scent
Cosmetic Store
Similar For Sale Nearby
Similar Off Market Nearby
- Little John's Storage & Moving — 120 Bruckner Blvd, Bronx, NY 10454
- Storage Post Self Storage - Bruckner Blvd. Bronx — 112 Bruckner Blvd, Bronx, NY 10454
- The Salvation Army-manhattan - Food Distribution Center — 175 E 125th St, New York, NY 10035
- FlatRate Moving — 27 Bruckner Blvd, Bronx, NY 10454
- Storage123.com — 123 E 124th St, New York, NY 10029
FAQs
What type of property is this?
Warehouse - Four-story warehouse offered vacant, totaling 20,000 square feet with open white-box space for customization.
Where is this warehouse located?
The property is located at 11 Canal Pl Bronx, NY.
What is the asking price?
The asking price for this property is $6,999,999.
What are key features of this property?
This property features: 4‑story vacant warehouse totaling 20,000 sq ft; Open white‑box warehouse space for customization; Located in the Mott Haven area of the Bronx
