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    OFF-MARKET
    Industrial properties

    2572 Park Ave, The Bronx, NY 10451

    21,100 SF Built 1931
    Property ID
    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
    Implied cap rate, NOI & suggested price
    Cap vs submarket · NOI estimate · 3 price anchors
    Value estimations
    Realmo proprietary · 4 methods
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    Owner & transaction history
    Owner on record
    Zoning & alternative use
    Permitted uses
    Permitted uses
    Allowed · conditional · prohibited
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