Landmarked Office Building with
558 Grand Concourse Bronx, NY 10451
For Sale
$49,500,000
Pre-war landmarked office building on a full city block, offering expansive floor plates, high ceilings, and drive-in parking.
Property Size172,894 SF
Lot Size1.25 Acres
Price / SF$286.30
Days on Market156
Property Features for 558 Grand Concourse
General Information
- Standard status
- Active
- Size
- 172,894 SF
- Lot size
- 1.25 Acres
- Property subtype
- Multi Tenant Office
Listing Agency:
Avison Young - New York
(212) 729-6585
Listed By:
James Nelson · License #10301211302
(212) 729-6585
Source:
Thebrokerlist
Added: Feb 18
Changed: Jul 23
Last Checked: Jul 23 at 6:04PM
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 Avison Young - New York
Investment Insights
Based on property information with market context.
558 Grand Concourse is a pre-war, landmarked commercial office property encompassing an entire city block in the South Bronx. The building includes 4 stories plus a rooftop penthouse, totaling approximately 172,894 GSF, and features expansive floor plates ranging from just under 30,000 GSF to over 50,000 GSF. Typical configurations include 44+ foot column spacing and 19-foot ceilings on the first and second floors. The property also offers large outdoor terrace space on the first, third, and penthouse levels.
The site is located between East 149th and 150th Streets and is presented as the former Bronx Post Office. Drive-in parking includes 39 spaces, with the ability to expand the ground-floor parking footprint to accommodate up to 176 spaces using double-height stackers.
Available for purchase, this full-block landmarked asset includes exterior and partial interior landmark protections, positioning it as a distinctive Class-A office redevelopment opportunity with substantial interior volume and distinctive ceiling heights.
The site is located between East 149th and 150th Streets and is presented as the former Bronx Post Office. Drive-in parking includes 39 spaces, with the ability to expand the ground-floor parking footprint to accommodate up to 176 spaces using double-height stackers.
Available for purchase, this full-block landmarked asset includes exterior and partial interior landmark protections, positioning it as a distinctive Class-A office redevelopment opportunity with substantial interior volume and distinctive ceiling heights.
Key Highlights
- Full‑block, pre‑war landmarked commercial property (exterior and partial interior) at 558 Grand Concourse in the South Bronx
- ~1.25 acres of land with 172,894 GSF across 4 stories plus a rooftop penthouse
- Expansive floor plates of ~30,000+ to 50,000+ GSF with 44+ ft column spacing and 19‑ft ceilings on the first and second floors
Financial Insights For Office B
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 | $7.26M | $42.00 |
| − Vacancy | −$1.49M | −$8.61 |
| EGI | $5.77M | $33.39 |
| − OpEx | −$1.44M | −$8.35 |
| NOI | $4.33M | $25.04 |
172,894 SF · lease $42.00/SF/yr · vacancy 20.50% · expense 25.00%
Alternative Uses
Best Use
Office B
$61.85M
$54.12M – $72.16M
NOI $4,329,698 @ 7.0% cap · market cap 8.75%
Second Best
—
—
no second resolved use
Theoretical Best
Warehouse
$119.80M
$104.83M – $139.77M
NOI $8,386,237 @ 7.0% cap · market cap 16.94%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
ANCO Contracting Corp
Construction Company
United States Postal ...
Passport Office
Bronx General Post ...
Post Office
PinHerPatcHerCatcHer LLC
(Bike/Boat/Book/etc) Store
ATM
Atm
FAQs
What type of property is this?
Office building - Pre-war landmarked office building on a full city block, offering expansive floor plates, high ceilings, and drive-in parking.
Where is this office building located?
The property is located at 558 Grand Concourse Bronx, NY.
What is the asking price?
The asking price for this property is $49,500,000.
What are key features of this property?
This property features: Full‑block, pre‑war landmarked commercial property (exterior and partial interior) at 558 Grand Concourse in the South Bronx; ~1.25 acres of land with 172,894 GSF across 4 stories plus a rooftop penthouse; Expansive floor plates of ~30,000+ to 50,000+ GSF with 44+ ft column spacing and 19‑ft ceilings on the first and second floors
