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    555 242 St Mount Vernon, NY 10470

    For Sale
    Contact for pricing

    76,000 SF Industrial Building, 8.32% Cap Rate

    Property size:
    76,000 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    370
    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 Features for 555 242 St

    General Information

    Property type
    Distribution properties
    Square Feet
    76,000 SF

    Building Details

    Stories
    2

    HighLights

    • 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.
    • Ceiling heights range from 14' to 16'.
    • Lower level: 18,000 SF; Ground level: 40,000 SF; Second floor: 18,000 SF.
    • Located on the Bronx/Mount Vernon border, approximately 8 minutes from Wakefield Metro North and the 241st Street Subway.
    Property Profile Location Intelligence

    Current Use by Public Records

    Premier Brands of America Manufacturer

    Suggested Use

    Realty agency Restaurant Law Firm Spa & Massage Dental Office Hair Salon Nail Salon Building Supply Clothing Store Auto Repair Shop

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

    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.
    Request Owner's contact information
    555 242 St Mount Vernon, NY 10470
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    Realmo Value Estimation

    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.

    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.

    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
    555 242 St Mount Vernon, NY 10470
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