1360 Garrison Ave The Bronx, NY 10474
- Industrial properties
- 10,200 SF
- 0.24 lot acres
Current Use by Public Records
- Sustainable South Bronx / Association / Organization
- The HOPE Program / Non-Profit Organization
Property Details for 1360 Garrison Ave
- Year built
- 1930
- Lot size
- 0.24 lot acres
- Property size
- 10,200 SF
- Zone code
- M1-2
- Property type
- Industrial properties
- APN
- 02761-0219
- APU
- 27610219
Description
This exceptional Bronx property offers a unique blend of commercial space and land, presenting a compelling investment opportunity. The property encompasses a three-story, 15,500 square foot loft building situated on a 5,000 square foot lot, measuring 105' x 100'. The building itself boasts dimensions of 102' x 50' and features 14-foot ceilings, a freight elevator, and a wet sprinkler system. Recent renovations include the installation of energy-efficient LED lighting. Significant added value comes from the inclusion of a separate 5,000 square foot private parking area (50' x 100'). The property is zoned M1-2, HP, making it suitable for a variety of uses, including showroom/headquarters offices, manufacturing, and storage facilities. With a projected annual net income of $300,000, this property is ideal for owner-occupancy or as a lucrative investment. The APN is 2761-219. Located at 1360 Garrison Avenue, The Bronx, NY 10474.
Value Estimation
-
AI approach
- CAP return
- Estimation
- Estimation
- $640,000
-
CAP approach
- CAP return
- Estimation
- 6%
- $825,000
- 6.5%
- $835,000
- 7%
- $945,000
-
Comparable approach
- Method
- Estimation
- Relative Method
- $840,000
- Geo Method
- $820,000
-
Alternative Use
- Use
- Estimation
- Distribution
- $1,020,000
- Retail
- $985,000
- Mixed-Use
- $1,000,000
- Hospitality
- $935,000
- Educational
- $845,000
- Residential Income
- $800,000
- Energy
- $1,040,000
- Income-Based Land
- $1,050,000
- Food Service
- $925,000
Location Insight
- Map
- Local Demand
- City
- Bronx
- County
- Bronx
- State
- New York
- Longitude
- -73.885
- Latitude
- 40.8211
- CBSA code
- 35620
- CBSA name
- NEW YORK-NORTHERN NEW JERSEY-LONG ISLAND, NY-NJ-PA METROPOLITAN STATISTICAL AREA