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    FOR LEASE
    Industrial properties

    1110 Oak Point Ave, Bronx, NY 10474

    87,959 SF 6.43 ac lot Built 1993
    Entity Owned 5-yr Hold ~ Est. High Equity
    Property ID
    US63-2160326
    Property summary
    AI-generated overview

    This exceptional industrial property, located at 1110 Oak Point Avenue in the Bronx, NY 10474, presents a rare opportunity. The property encompasses a substantial 10-acre lot and a 268,822 square foot warehouse building, currently entirely vacant. The single-story structure features impressive ceiling heights ranging from 40 to 60 feet, providing ample vertical space for storage and operations. The building is equipped with 2 loading docks and 4 drive-in doors, ensuring efficient loading and unloading. The minimum divisible space is 3,146 square feet, while the maximum contiguous space available is 175,000 square feet, offering flexibility for various tenant needs. The property is zoned M3-1 and boasts multiple street access points. Its strategic location in Hunts Point offers unparalleled access to major transportation arteries, including I-87, I-95, and the Bruckner Expressway, making it ideal for last-mile distribution. The property's proximity to the largest food distribution center in the country further enhances its appeal. The potential for rail siding and barge access adds to the property's versatility and logistical advantages. This is a unique opportunity to acquire a large-scale warehouse with significant land in a prime location. APN: 2606, 2771-30,74. Bronx County.

    Property profile
    Verified
    Property type Industrial properties
    Use group INDUSTRIAL (GENERAL)
    Year built 1993
    Total area 87,959 SF
    Lot 6.43 ac (280,004 SF)
    Zoning code M3-1
    APN 02606-0030
    UPID US63-2160326
    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
    Current use
    Occupant on record · Public records
    • The New York Expo Center Hotel & Motel Resort
    Value estimations
    Realmo proprietary · 4 methods
    AI Approach AI
    by Request
    CAP Approach CAP
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    Comparable Approach Comparable
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    Blend (final) Blend
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    Owner & transaction history
    1110 Oak Point Owner, LLC · 5 yrs held
    1110 Oak Point Owner, LLC
    since 2021
    Last sale
    $92.5M
    5 recorded transactions
    2021
    $92.5M
    2021
    2016
    2016
    $24.0M
    1969
    Zoning & alternative use
    M3-1 · Bronx, NY
    Permitted uses
    Permitted uses
    Allowed · conditional · prohibited
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