Freestanding Single-Story Industrial
For Sale
$1,295,000
Pending
1660 E 233rd Street, Bronx, NY 10466
Freestanding single-story industrial building on a secure, fenced lot with M3-1 zoning and clear-span workspace.
Property Size1,962 SF
Days on Market106
Property Features for 1660 E 233rd Street
General Information
Standard status
Pending
Size
1,962 SF
Property subtype
Industrial
Taxes and HOA fees
Annual Taxes
$13,986
Building Details
Building Size
1,962 SF
Year Built
1962
Listing Agency:
Iconik Residential LLC
Listed By:
David Cebel
(914) 769-8283
Source:
Shawmetro
Added: Jun 22
Changed: Sep 21
Last Checked: Oct 4 at 3:55PM
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 Iconik Residential LLC
Investment Insights
Based on property information with market context.
1660 E 233rd St offers a freestanding, single-story industrial facility totaling 1,962 square feet, situated on a secure 9,157 square foot lot. The building is described as providing functional clear-span workspace, along with fenced staging and fleet parking areas, supporting heavier day-to-day operational needs.
The property is noted as having heavy-use M3-1 zoning with a 2.0 Floor Area Ratio (FAR). The site is positioned for an immediate owner-user operation or for a higher-density, vertical industrial expansion, with buildable space identified as up to about 18,314 total square feet. Public remarks also indicate immediate access to major highways.
The property is noted as having heavy-use M3-1 zoning with a 2.0 Floor Area Ratio (FAR). The site is positioned for an immediate owner-user operation or for a higher-density, vertical industrial expansion, with buildable space identified as up to about 18,314 total square feet. Public remarks also indicate immediate access to major highways.
Key Highlights
- Freestanding, single‑story 1,962 SF commercial/industrial facility at 1660 East 233rd Street
- On a 9,157 SF secure lot with fenced staging and fleet parking areas
- M3‑1 zoning with 2.0 FAR for an owner‑user operation or vertical industrial expansion
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$95,167
Cap Rate
7.35%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,903,340
$1.9M
Cap Rate 7%
$1,359,529
$1.4M
Cap Rate 9%
$1,057,411
$1.1M
Market Conditions
NOI Build-Up for 1,962 SF
Gross rent
$122.4K $62.40/SF
− Vacancy
−$10.5K −$5.34/SF
EGI
$112.0K $57.06/SF
− OpEx
−$16.8K −$8.56/SF
NOI
$95.2K $48.51/SF
Area
Bronx, NY
Vacancy
8.55%
Lease Rate
$62.40 /SF/Yr
Expense Ratio
15.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,903,340
Cap Rate 7%
$1,359,529
Cap Rate 9%
$1,057,411
Alternative Uses
Best Use
Warehouse
$1.36M
$1.19M – $1.59M
NOI $95,167 @ 7.0% cap · market cap 7.35%
Second Best
—
—
no second resolved use
Theoretical Best
—
—
same as Best Use
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
Location Intelligence
Trade Area within ½ mile
1,246
Businesses Nearby
Balanced
Demand for This Use
Explore this area
Business Placement
Demographics for 10466, NY
70,420
Population
26,303
Households
2.7
Avg Household Size
38
Median Age
26%
College-Educated
81%
High-School Grad
2.0 sq mi
ZIP Area
35,210
Density / Sq Mi
$66,328
Median Household Income
$44,053
Median Earnings
$1,528
Median Rent
$605,300
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Industrial in Northeast region
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Frequently Asked Questions
What type of property is this?
Warehouse - Freestanding single-story industrial building on a secure, fenced lot with M3-1 zoning and clear-span workspace.
Where is this warehouse located?
The property is located at 1660 E 233rd Street Bronx, NY.
What is the asking price?
The asking price for this property is $1,295,000.
What are key features of this property?
This property features: Freestanding, single‑story 1,962 SF commercial/industrial facility at 1660 East 233rd Street; On a 9,157 SF secure lot with fenced staging and fleet parking areas; M3‑1 zoning with 2.0 FAR for an owner‑user operation or vertical industrial expansion
