425 Devoe Ave Bronx, NY 10460
Property profile & analytics
425 Devoe Ave Bronx, NY 10460
- Warehouses
- 89,750 SF
- 0.92 lot acres
Property ID
US63-1582689
The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.
Location Intelligence
Current Use by Public Records
- Quality Door / Hardware & Home Improvement / Production Facility
Property Details for 425 Devoe Ave
- Year built
- 1900
- Lot size
- 0.92 lot acres
- Property size
- 89,750 SF
- Zone code
- M1-1
- Property type
- Warehouses
- APN
- 04003-0016
- APU
- 40030016
Description
This exceptional 89,750-square-foot warehouse in the Bronx, New York, presents a compelling investment opportunity. Priced at $10,750,000, this three-story industrial property boasts a versatile layout ideal for various uses. The building features 40,097 square feet of net rentable space, strategically divided across three floors: a ground level of 36,000 square feet (divisible), a lower level of 30,000 square feet, a second floor of 15,750 square feet (divisible), and an 8,000-square-foot divisible third floor. Ceiling heights range from 10 to 20 feet, accommodating diverse storage and operational needs. The property includes covered truck-level loading docks, four drive-in doors, and a new 8,000-pound freight elevator, enhancing efficiency and accessibility. An upgraded electrical service further enhances operational capabilities. Situated on a 40,097-square-foot lot, the land value is $120 per square foot. The M1-1 zoning permits light manufacturing, expanding potential uses. Currently, an in-place ICAP is utilized for self-storage. Its prime location offers convenient access to the 2/5 subway lines, the Cross Bronx Expressway (I-95), and the Sheridan Expressway, providing seamless connectivity to Manhattan and the Tri-state area. This property offers a unique blend of functionality, location, and potential for significant return on investment.
Value Estimations
based on Realmo’s proprietary methodology
-
Comparable approach
- Method
- Estimation
- Statistic Estimate
- $29,418,000
Market price range: $22.3M - $52.2M -
Alternative Use
- Use
- Estimation
- WAREHOUSE, STORAGE
- $34,785,000 Current use
- INDUSTRIAL (GENERAL)
- $33,350,000 Change: -4% Conversion: Easy
- OFFICE BUILDING
- $32,735,000 Change: -6% Conversion: Difficult
Get a detailed, property-specific estimation — fast and free
Location Insight
- Map
- Local Demand
- City
- Bronx
- County
- Bronx
- State
- New York
- Longitude
- -73.877
- Latitude
- 40.8412
- CBSA code
- 35620
- CBSA name
- NEW YORK-NORTHERN NEW JERSEY-LONG ISLAND, NY-NJ-PA METROPOLITAN STATISTICAL AREA
Property Tax & Assessments
Tax date
Tax Amount
Assessed Land Value
Assessed Improvement Value
Total Assessed Value
Applied Tax Rate
Land Market Value
Improvement Market Value
Total Market Value
2024
$317,305
$270,900
$2,724,802
$2,995,702
-
$602,000
$6,548,000
$7,150,000
