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Property profile & analytics
FOR LEASE
Specialty properties

421 Hunts Point Ave New York City, NY 10474

10,016 SF 0.24 ac lot Built 1931
Entity Owned 4-yr Hold ~ Est. High Equity
Property ID
US63-2397205
Property summary
AI-generated overview

This exceptional 10,000 square foot industrial property, located at 421 Hunts Point Avenue in the Bronx, New York (zip code 10474), presents a unique investment opportunity. The building is currently fully vacant and offers flexible space options. The property is classified as industrial, encompassing manufacturing, warehouse, and distribution uses. It's divided into two suites, each a minimum of 5,000 square feet, with a maximum contiguous space of 5,000 square feet available. This allows for either a single large tenant or the possibility of two separate occupants. The building boasts a substantial 17-foot ceiling height, providing ample vertical space for various industrial applications. Situated in Bronx County, this property benefits from convenient access to major transportation routes, making it an ideal location for businesses requiring efficient logistics. The property's versatility makes it suitable for a wide range of uses, including but not limited to distribution, storage, and wholesale operations. This is a rare chance to acquire a substantial industrial space in a prime Bronx location. Contact us today to learn more about this exciting opportunity.

Property profile
Verified
Property type Specialty properties
Use group FUNERAL HOME
Year built 1931
Total area 10,016 SF
Lot 0.24 ac (10,633 SF)
Zoning code M1-2
APN 02772-0213
UPID US63-2397205
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
AI Approach AI
$3.38M
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$3.22M
Owner & transaction history
Ramantha Rentals LLC · 4 yrs held
Ramantha Rentals LLC
since 2022
Last sale
$3.2M
1 recorded transaction
2022
$3.2M
Zoning & alternative use
M1-2 · Bronx, NY
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
More about this property
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