Property summary
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
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Location
Value estimations
Owner & transaction history
Comparables
6 recent transactions · within 1.5 miComparable in this City
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Value estimation
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Cap rate
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Property description
Physical attributes from public recordsZoning & alternative use
Zoning
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No zoning code is on file for this parcel. Zoning coverage grows with every catalog release — check back, or open Location Intelligence for use analysis of this corner.
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