Building Details

Buildings 1

Stories 4

Tenancy Multi

Listing Agency: Tri State Commercial

Listed By: Shlomi Bagdadi · License #NY 10311204539 Show Phone

Source: Crexi

Added: Mar 27 Changed: Oct 15 Last Checked: Oct 16 at 7:51AM

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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 / Yr

$1,115,625

Cap Rate

8.42%

Suggested Prices Based on Cap Rates

Cap Rate 5%

$22,312,500 $22.3M

Cap Rate 7%

$15,937,500 $15.9M

Cap Rate 9%

$12,395,833 $12.4M

Is this asking price fair?

Market Conditions

NOI Build-Up for 35,000 SF

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 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 (±1% cap)

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 (±1% cap)

NOI $6,098,400 @ 7.0% cap · market cap 46.03%

Zoning and permitted uses should be independently verified with authorities. How Realmo checks its estimates

Property Analytics

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Current Use

Mixed-use properties

Suggested Use

Top Pick Real Estate Agency Law Firm Dental Office Spa & Massage Center Gym & Fitness Center Skin Care Clinic

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

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

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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.