555 242 St Mount Vernon, NY 10470
- Warehouses
- 76,000 SF
Current Use by Public Records
- Warehouses
Property Details for 555 242 St
- Property size
- 76,000 SF
- Property type
- Warehouses
- Property subtype
- Industrial properties
Description
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.
Value Estimation
-
CAP approach
-
Comparable approach
-
Alternative Use
Location Insight
- Map
- Local Demand
- City
- Mount Vernon
- County
- Bronx
- State
- New York
- Longitude
- -73.8521
- Latitude
- 40.907
