Sign Up Successful!
You now have access to more from Realmo!
Property Lookup
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    363 Rider Ave The Bronx, NY 10451

    • Warehouses
    • 66,000 SF
    OFF-MARKET
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • www.customdesignny.com / Furniture & Home Goods
    • Eljin Construction / Construction Company / General Contractor

    Property Details for 363 Rider Ave

    Property size
    66,000 SF
    Property type
    Warehouses
    Property subtype
    Industrial properties

    Description

    This exceptional Mott Haven, Bronx investment opportunity presents a fully leased three-building industrial portfolio totaling 66,000 square feet. The property, situated on a substantial 31,250 square foot lot (250' x 125'), offers a diverse range of warehouse spaces. Building A boasts 47,250 square feet of loft space, while Building B comprises 6,250 square feet across two stories, and Building C offers 12,500 square feet of warehouse space. The property features convenient street-to-street access, enhancing operational efficiency. Loading capabilities are robust, with 14 drive-in bays and 2 freight elevators ensuring smooth logistics. The buildings benefit from a 12' to 15' ceiling height, providing ample vertical space. Further enhancing the property's appeal are recently installed sidewalks and windows, along with oil heating and sprinkler systems, ensuring both functionality and safety. The property is zoned M1-2 and has the APN numbers 2340-204, 208, 209. This is a rare opportunity to acquire a well-maintained, fully leased industrial portfolio in a prime Bronx location.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    The Bronx
    County
    Bronx
    State
    New York
    Longitude
    -73.926
    Latitude
    40.8146

    Comparable in this City

    • Value Estimation by Request
      55,000 SF

      Major Cash & Carry Wholesale Warehouse Distributor

      Individual retail properties • 55,000 SF
      0 Major Cash & Carry Wholesale Warehouse Distributor, New York, NY 10451
      View Details
    • Value Estimation by Request
      100,762 SF

      321 Rider Ave

      Distribution properties • 100,762 SF
      321 Rider Ave, The Bronx, NY 10451
      View Details
    • Value Estimation by Request
      21,100 SF

      2572 Park Ave

      Manufacturing properties • 21,100 SF
      2572 Park Ave, The Bronx, NY 10451
      View Details
    • Value Estimation
      $1,670,000
      5,800 SF

      241 137th St

      WAREHOUSE, STORAGE • 5,800 SF
      241 137th St, Bronx, NY 10451
      View Details
    • Value Estimation
      $10,065,000
      122,354 SF

      255 Exterior St

      MINI-WAREHOUSE, STORAGE • 122,354 SF
      255 Exterior St, Bronx, NY 10451-2036
      View Details
    • Value Estimation
      $3,395,000
      10,345 SF

      253 137th St

      WAREHOUSE, STORAGE • 10,345 SF
      253 137th St, Bronx, NY 10451-6413
      View Details

    Similar Nearby for Sale

    • $14,500,000
      55,000 SF

      NYC Wholesale Warehouse - Prime Location

      Established business, high-volume sales, huge potential.
      0 Major Cash & Carry Wholesale Warehouse Distributor, New York, NY 10451
      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
    • $23,995,000
      100,762 SF

      Bronx Industrial Flex Space

      100,000+ SF, High NOI, Prime Location
      321 Rider Ave, The Bronx, NY 10451
      View Details
    • Contact for pricing
      38,738 SF

      Bronx Warehouse with Development Potential

      38,738 SF warehouse with redevelopment options in Mott Haven.
      1-185 Canal St W, Bronx, NY 10451
      View Details
    • $240,000

      Turnkey Restaurant in Bronx Corridor

      Established takeout and catering business with growth potential in the Bronx.
      -, Bronx, NY 10451
      View Details
    • Contact for pricing
      4,760 SF

      Bronx Mixed-Use Investment Opportunity

      Fully renovated, high-traffic location, value-add potential.
      3208 3Rd Ave, Bronx, NY 10451
      View Details

    Similar Nearby for Lease

    • $18 SF/Yr
      30,400 SF

      Bronx Warehouse: 30,400 SF Available

      Prime Bronx warehouse, divisible space, 3 drive-ins.
      751 Concourse Vlg, The Bronx, NY 10451
      View Details
    • $15,000 /Mo
      8,750 SF

      Bronx Warehouse with High Ceilings

      Versatile 8,750 SF warehouse space in the Bronx.
      2518 Park Ave, Bronx, NY 10451
      View Details
    • $21 SF/Yr
      8,750 SF

      Bronx Warehouse: 8,750 SF

      Spacious Bronx warehouse, ideal for various uses.
      203 Canal St, The Bronx, NY 10451
      View Details
    • Contact for pricing
      8,500 SF

      Rider Avenue Flex Space Available

      Flex space with passenger and freight elevators for rent.
      270-276 Rider Ave, Bronx, NY 10451
      View Details
    • $2,150 /Mo

      The Bronx Apartment For Rent

      Apartment for rent in The Bronx, NY.
      299 The, Bronx, NY 10451
      View Details
    • $2,150 /Mo

      The Bronx Apartment For Rent

      Apartment for rent in The Bronx, NY.
      299 The, Bronx, NY 10451
      View Details
    Request Owner's contact information
    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.
    363 Rider Ave
    The Bronx, NY 10451
    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
    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

    Google sign-in failed. Please try again or use another login method.