South Bronx Industrial/Office
For Sale
Contact for pricing
753-755 East 134th Street, New York City, NY 10454
Four-story industrial/office building in the Mott Haven section.
Property Size35,000 SF
Price / SF$378.57
Days on Market149
Property Features for 753-755 East 134th Street
General Information
Standard status
Active
Size
35,000 SF
Property subtype
Office, Industrial
Zoning
M1-2
Lease Type
Modified Gross
Investment Type
Owner/User
Net Operating Income
$340,263
Building Details
Buildings
1
Stories
4
Tenancy
Multi
Listing Agency:
Tri State Commercial
(718) 437-6100
Listed By:
Shlomi Bagdadi · License #NY 10311204539
Source:
Crexi
Added: Mar 27
Changed: Aug 14
Last Checked: Aug 21 at 11:28PM
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 Tri State Commercial
Investment Insights
Based on property information with market context.
Located in the Mott Haven section of the South Bronx, 753-755 East 134th Street is a four-story industrial/office building suitable for owner-users or investors. The property features flexible industrial and office layouts. It is equipped with a dedicated loading dock, roll-up gates, and freight and passenger elevators. Large windows provide natural light, and an outdoor terrace adds an amenity. The building benefits from access to major highways and transportation routes. Situated in an industrial and commercial corridor, the area offers connectivity to Manhattan and across the Bronx and Queens through subway lines and bus routes. The surrounding area includes industrial, office, and residential uses. The property size is 35000 square feet.
Key Highlights
- Ideal for owner‑occupiers or investors with flexible industrial and office layouts.
- Located in the heart of the South Bronx's active industrial and mixed‑use corridor (Mott Haven).
- Equipped with a dedicated loading dock, roll‑up gates, and freight and passenger elevators for efficient operations.
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$1,115,625
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
8.42%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$22,312,500
$22.3M
Cap Rate 7%
$15,937,500
$15.9M
Cap Rate 9%
$12,395,833
$12.4M
Market Conditions
NOI Build-Up for 35,000 SF
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.
Gross rent
$2.10M $60.00/SF
− Vacancy
−$315.0K −$9.00/SF
EGI
$1.79M $51.00/SF
− OpEx
−$669.4K −$19.13/SF
NOI
$1.12M $31.88/SF
Area
New York, NY
Vacancy
15.00%
Lease Rate
$60.00 /SF/Yr
Expense Ratio
37.50%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$22,312,500
Cap Rate 7%
$15,937,500
Cap Rate 9%
$12,395,833
Alternative Uses
Best Use
Mixed Use
$15.94M
$13.95M – $18.59M
NOI $1,115,625 @ 7.0% cap · market cap 8.42%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$87.12M
$76.23M – $101.64M
NOI $6,098,400 @ 7.0% cap · market cap 46.03%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
1,949
Businesses Nearby
Explore this area
Business Placement
Demographics for 10454, NY
40,232
Population
15,397
Households
2.6
Avg Household Size
33
Median Age
14%
College-Educated
62%
High-School Grad
1.1 sq mi
ZIP Area
36,575
Density / Sq Mi
$27,500
Median Household Income
$31,243
Median Earnings
$1,064
Median Rent
$780,800
Median Home Value
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Mixed-use property - Four-story industrial/office building in the Mott Haven section.
Where is this mixed-use property located?
The property is located at 753-755 East 134th Street New York City, NY.
What is the asking price?
The asking price for this property is $13,250,000.
What are key features of this property?
This property features: Ideal for owner‑occupiers or investors with flexible industrial and office layouts.; Located in the heart of the South Bronx's active industrial and mixed‑use corridor (Mott Haven).; Equipped with a dedicated loading dock, roll‑up gates, and freight and passenger elevators for efficient operations.
