Building Details

Year Built 2003

Buildings 1

Stories 1

Building Size 24,054 SF

Listing Agency: Concourse Realty Partners d***@concourserealtypartners.com Show Phone

Listed By: David Simone · License #NY 30SI0939122

Source: Crexi

Added: Jul 21 Changed: Aug 30 Last Checked: Aug 30 at 2:46PM

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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 Concourse Realty Partners

Investment Insights

Based on property information with market context.

This 1-story warehouse contains approximately 24,054 square feet and was constructed in 2003. The interior is arranged without columns and includes office and mezzanine areas, with ceiling heights of approximately 20 feet and a 39’-9” garage door entrance. The property is currently occupied and includes a six-month post-sale leaseback; the tenant may end that arrangement early with 30 days’ written notice.

Located at 438 East 166th Street in the Morrisania area of the Bronx, the building sits between Washington Avenue and Park Avenue. Access is available to the Bruckner Expressway, Sheridan Expressway, Cross Bronx Expressway, and Major Deegan Expressway. An ICIP Tax Abatement is in year 12 of 25. The seller also plans to demolish the building directly west and create an approximately 11,913-square-foot parking lot with a 100.96’ x 118’ layout and 30’ curb cut. The buyer will have the option to enter a long-term net lease for parking.

Key Highlights

• Approximately 24,054 square feet of warehouse space
• 1‑story building constructed in 2003
• Column‑free layout with approximately 20’ ceiling heights

Property Analytics

Property Profile

Current Use

Warehouses

Suggested Use

Top Pick Real Estate Agency Gym & Fitness Center Kitchen & Bath Showroom Acupuncture Skin Care Clinic HVAC Service

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

20 ft

Clear height

Yes

Highway access

Location Intelligence

Trade Area within ½ mile

4,898

Businesses Nearby

Under-served

Demand for This Use

Explore this area Business Placement

Demographics for 10456, NY

93,412

Population

33,321

Households

2.8

Avg Household Size

34

Median Age

14%

College-Educated

68%

High-School Grad

1.1 sq mi

ZIP Area

84,920

Density / Sq Mi

$35,676

Median Household Income

$30,340

Median Earnings

$1,194

Median Rent

$428,800

Median Home Value

Market

Vacancy Rate% for Industrial in Northeast region

5.4% 2019

4.6% 2020

3.2% 2021

3.3% 2022

5.3% 2023

6.6% 2024

7.6% 2025

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Frequently Asked Questions

What type of property is this?

Warehouse - Single-story warehouse with office areas, mezzanine space, and a wide garage entrance.

Where is this warehouse located?

The property is located at 438 East 166th Street Morrisania, NY.

What are key features of this property?

This property features: Approximately 24,054 square feet of warehouse space; 1‑story building constructed in 2003; Column‑free layout with approximately 20’ ceiling heights