555 242 St Mount Vernon, NY 10470
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76,000 SF Industrial Building, 8.32% Cap Rate
Property size:
76,000 SFProperty Features for 555 242 St
General Information
- Property type
- Distribution properties
- Square Feet
- 76,000 SF
Building Details
- Stories
- 2
Listing Agency: Ariel Property Advisors Listing Agent: Jason Gold
Displayed information is deemed reliable but is not guaranteed and should be independently verified.
Overview
This exceptional investment opportunity presents a 76,000-square-foot industrial warehouse ideally situated on the border of The Bronx and Mount Vernon, New York. The two-story building boasts 40,000 square feet of divisible ground-level space, complemented by 18,000 square feet on both the lower and second levels. Features include four loading docks easily accommodating 53' trailers, two freight elevators, and ceiling heights ranging from 14' to 16'. The property is fully equipped with a sprinkler system and heat, and benefits from a robust 4,000 AMP electrical service. The building sits on a 40,800-square-foot lot (240' x 170') and is zoned M1-1. Its strategic location offers convenient access to major transportation arteries, including the Bronx River Parkway, I-87, and I-95, as well as proximity to the Wakefield Metro North Station and the 241st Street Subway Station (approximately 8 minutes away). The property's strong financial performance is highlighted by a Net Operating Income (NOI) of $998,107 and an attractive 8.32% capitalization rate. Approximate annual real estate taxes for 2023/2024 are $150,000. This property will be offered via online auction from November 4th to 6th, 2024. The property's APN is 5104/14 | 164.83-3001-11.
Property Profile
Location Intelligence
Current Use by Public Records
Distribution centers
Location Insight
- Map
- Local Demand
- City
- Mount Vernon
- County
- Bronx
- State
- New York
- Longitude
- -73.8521062
- Latitude
- 40.9069831
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FAQs
What type of property is this?
Distribution property - 76,000 SF Industrial Building, 8.32% Cap Rate
Where is this distribution property located?
The property is located at 555 242 St Mount Vernon, NY.
What are key features of this property?
This property features: 76,000 SF two-story industrial building with 18,000 SF lower level and 40,000 SF divisible ground floor.; Fully equipped with sprinklers, heat, and a 4,000 AMP electrical service.; Features four loading docks (53' trailer capacity) and two freight elevators.