Property profile

2572 Park Ave The Bronx, NY 10451

OFF-MARKET
Industrial properties
21,100 SF Built 1931
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Property summary

AI-generated overview

This exceptional 21,100-square-foot industrial property, located at 2572 Park Avenue in the Bronx's Mott Haven Opportunity Zone, presents a unique investment or owner-user opportunity. The building, constructed in 1931 and renovated in 2005, boasts four expansive 5,275-square-foot floors within a single building, offering versatile space for a variety of uses. Its M-2 zoning allows for flexible commercial applications, making it suitable for contractors, subcontractors, artists, educational services, or similar businesses. The property features eight dock-high doors, a freight elevator, high-pressure gas service, a central station wet sprinkler system, and updated roof, plumbing, and electrical systems. Each floor has separate electric and gas meters. The ground floor includes a commercial kitchen, while the first floor is adaptable as a flexible event space. The upper floors are ideal for studios or co-working spaces. This prime location offers convenient access to public transportation, being less than a block from the subway and three express stops from Midtown Manhattan. Its proximity to Interstates 87 and 95, along with a nearby 70-room hotel, further enhances its appeal. The property's history includes diverse tenants, showcasing its adaptability and potential for future success. This is an excellent opportunity for an owner-user seeking a functional and well-located space or an investor looking to capitalize on redevelopment and lease-up potential within a thriving area. The lot size is 5,835 square feet.

Property profile

Verified
Property type Industrial properties
Year built 1931
Total area 21,100 SF

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Location

2572 Park Ave The Bronx, NY 10451
The Bronx metro
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Value estimations

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Owner & transaction history

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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