Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    The Largest CRE Database in the US with Over 1 Million Listings

    425 Devoe Ave The Bronx, NY 10460

    Loading data...
    Loading data...
    Loading data...
    For Sale
    Contact for pricing

    89,750 SF Warehouse, Bronx, NY

    Property size:
    89,750 SF

    Property Features for 425 Devoe Ave

    General Information

    Property type
    Distribution properties
    Square Feet
    89,750 SF

    Building Details

    Stories
    3

    We can help!

    Listing Contact
    Jason Gold
    Jason Gold

    Listing Agency: Ariel Property Advisors Listing Agent: Jason Gold

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    Learn more

    Property Insight Report

    Overview

    This exceptional 89,750-square-foot warehouse in the Bronx, New York, presents a compelling investment opportunity. Priced at $10,750,000, this three-story industrial property boasts a versatile layout ideal for various uses. The building features 40,097 square feet of net rentable space, strategically divided across three floors: a ground level of 36,000 square feet (divisible), a lower level of 30,000 square feet, a second floor of 15,750 square feet (divisible), and an 8,000-square-foot divisible third floor. Ceiling heights range from 10 to 20 feet, accommodating diverse storage and operational needs. The property includes covered truck-level loading docks, four drive-in doors, and a new 8,000-pound freight elevator, enhancing efficiency and accessibility. An upgraded electrical service further enhances operational capabilities. Situated on a 40,097-square-foot lot, the land value is $120 per square foot. The M1-1 zoning permits light manufacturing, expanding potential uses. Currently, an in-place ICAP is utilized for self-storage. Its prime location offers convenient access to the 2/5 subway lines, the Cross Bronx Expressway (I-95), and the Sheridan Expressway, providing seamless connectivity to Manhattan and the Tri-state area. This property offers a unique blend of functionality, location, and potential for significant return on investment.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Quality Door Hardware & Home Improvement

    Suggested Use

    Law Firm Restaurant Real Estate Agency Spa & Massage Center Dental Office Hair Salon Nail Salon Food Market Gym & Fitness Center Skin Care Clinic

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    The Bronx
    County
    Bronx
    State
    New York
    Longitude
    -73.8770567
    Latitude
    40.840997

    Nearby Similar for Sale

    • $950,000
      1,650 SF

      Mosholu Avenue Office Building

      Prime Bronx Office, 7.51% Cap Rate
      5731 Mosholu Ave, The Bronx, NY 10471
      View Details
    • $20,000,000
      58,540 SF

      Bronx Mixed-Use Investment Opportunity

      Prime Bronx medical & retail building, 58,540 SF.
      840 Westchester Ave, The Bronx, NY 10459
      View Details
    • $1,299,000
      2,500 SF

      Bronx Storefront: Prime Development Site

      Vacant Retail Space, Mixed-Use Zoning
      451 Tremont Ave, The Bronx, NY 10457
      View Details
    • $2,250,000
      3,500 SF

      Bronxdale Ave Retail Investment

      Prime Bronx retail complex, high cap rate.
      1598 Bronxdale Ave, The Bronx, NY 10462
      View Details
    • Contact for pricing
      6,600 SF

      Bronx Warehouse: 6,600 SF

      Spacious Bronx warehouse, ideal for auto repair.
      1341 Blondell Ave, The Bronx, NY 10461
      View Details
    • $1,250,000
      3,903 SF

      Bronx Multifamily Value-Add

      5-Unit Apartment Building, High Potential
      910 Home St, The Bronx, NY 10459
      View Details
    • $5,200,000
      13,540 SF

      Pelham Gardens Assisted Living

      50-Bed Bronx Investment Opportunity
      2225 Lodovick Ave, The Bronx, NY 10469
      View Details
    • Contact for pricing
      1,900 SF

      Hunts Point Ave Retail Space

      Prime Bronx retail building, high traffic.
      836 Hunts Point Ave, The Bronx, NY 10474
      View Details
    • Contact for pricing

      Hunts Point Warehouse - 31,000 SF

      Prime Hunts Point warehouse, ideal for owner-users or investors.
      610 Tiffany St, The Bronx, NY 10474
      View Details
    • $13,500,000
      38,738 SF

      Mott Haven Industrial Warehouse

      38,738 SF Warehouse, Bronx, NY
      175 Canal St, The Bronx, NY 10451
      View Details
    • Contact for pricing
      87,120 SF

      Bronx Mixed-Use Development Opportunity

      Prime Bronx location, high-traffic retail, redevelopment potential.
      809 Westchester Ave, The Bronx, NY 10455
      View Details

    FAQs

    What type of property is this?
    Distribution property - 89,750 SF Warehouse, Bronx, NY
    Where is this distribution property located?
    The property is located at 425 Devoe Ave The Bronx, NY.
    What is the asking price?
    The asking price for this property is $10,750,000.
    What are key features of this property?
    This property features: 90,000 SF warehouse/industrial property.; Features include multiple truck-level loading docks, four drive-in doors, a new 8,000 lb freight elevator, and upgraded electrical service.; M1-1 zoning (Light Manufacturing District).
    (212) 544-9500 Call to check price and availability
    Request Owner's contact information
    425 Devoe Ave The Bronx, NY 10460
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    425 Devoe Ave
    The Bronx, NY 10460
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    425 Devoe Ave The Bronx, NY 10460
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    We can help!
    Contact for Pricing
    Please call us for current price
    and status of this listing Jason Gold
    Jason Gold
    Real Estate License ID: 10301214771
    (212) 544-9500
    Learn more
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!