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    Bronx Logistics Center For Lease Title is generated by Realmo AI

    920-980 E 149th St, Bronx, NY 10455

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    1,315,880 SF industrial space in the Bronx available Q2 2023.

    Type:industrial
    Property size:
    1,315,880 SF
    Lot size:
    14.20 Acres
    Added:
    Apr 15, 2026
    Days on Market:
    48
    Last Refresh:
    Apr 14 at 8:22 pm

    Property Features for 920-980 E 149th St

    General Information

    Standard status
    Active
    Size
    1,315,880 SF
    Lot size
    14.20 Acres
    Property subtype
    industrial

    Spaces For Lease

    at 920-980 E 149th St Contact us

    We can help!

    Listing Contact
    Leslie Lanne

    Listing agent Leslie Lanne License #RS339880

    Listing office East Rutherford

    Listing date Apr 15, 2026

    Source Property.jll

    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 East Rutherford

    HighLights

    • 1.3M SF total project size with 585K SF warehouse area.
    • Excellent transportation access: Just a 5 min walk to two subway stations (6 line) and optional dedicated rail.
    • High ceiling clearance: Benefit from 32' clear warehouse ceiling heights.
    • Ample loading capacity: Features 48 loading docks and 72 drive‑in doors.
    • Significant power supply: 7,000A total power with 25% parking electric vehicle ready.
    • New construction: Available Q2 2023.

    Overview

    Available for lease is the industrial Bronx Logistics Center, situated at 920-980 E 149th St in the Bronx, New York. The property offers a total project size of 1.3 million square feet, including a 585,000-square-foot warehouse area and 730,000 square feet of parking. The property is located on a 14.2-acre lot. The warehouse features 32-foot clear ceiling heights and 40' x 40' column spacing. It is equipped with 48 loading docks, 72 drive-in doors, and 4 freight elevators. The property has 7,000A of total power, with 25% of the parking spaces electric vehicle ready. Dedicated rail access is optional. The property is a 5-minute walk to two subway stations on the 6 line. Delivery is expected in Q2 2023.
    Location Intelligence

    Current Use by Public Records

    Distribution centers

    Suggested Use

    Restaurant Real Estate Agency Law Firm Building Supply Spa & Massage Center Dental Office Big Box & Wholesale Store Auto Repair Shop Hair Salon Nail Salon

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

    Similar Places Nearby

    • Self-Storage at U-Haul — 780 E 138th St, Bronx, NY 10454
    • Key Moving & Storage, Inc — 327 Walnut Ave, Bronx, NY 10454
    • Ben Hur Moving & Storage — 327 Walnut Ave, Bronx, NY 10454
    • Better Move - Moving and Storage — 728 E 136th St, The Bronx, NY 10454
    • Infinity Moving and Storage, Inc. — 125 Walnut Ave, Bronx, NY 10454

    Location Insight

    • Map
    • Local Demand
    City
    Bronx
    County
    Bronx
    State
    New York
    Longitude
    -73.90362
    Latitude
    40.807722

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    FAQs

    What type of property is this?
    Warehouse - 1,315,880 SF industrial space in the Bronx available Q2 2023.
    Where is this warehouse located?
    The property is located at 920-980 E 149th St Bronx, NY.
    What are key features of this property?
    This property features: 1.3M SF total project size with 585K SF warehouse area.; Excellent transportation access: Just a 5 min walk to two subway stations (6 line) and optional dedicated rail.; High ceiling clearance: Benefit from 32' clear warehouse ceiling heights.
    (212) 292-7597
    We can help!
    Listing Contact
    Leslie Lanne
    Real Estate License ID: RS339880
    Learn More
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    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.

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