754 137th St, Bronx, NY 10454-3403

This exceptional investment opportunity presents a 21,000-square-foot multi-tenant warehouse building located at 754 E 137th St, Bronx, NY 10454. The property, built in 1931, boasts 20 individually metered units, all on month-to-month leases, generating strong and diversified cash flow. The building features 20-foot ceilings, 15-foot high doors, and separate office space and bathrooms in each unit. Twelve delivery bays/curb cuts provide excellent access. The property is equipped with a sprinkler system throughout and offers 800/1600 amp electric service. Zoned M1-2, this two-story building sits on a 20,000-square-foot lot (APN: 02565-0060). The asking price is $8,250,000, representing a price per square foot of $392.86 and a price per unit of $412,500. The property's pro-forma NOI is $361,311, resulting in a 4.38% cap rate. Its location adjacent to the Bruckner Expressway offers unparalleled accessibility. The building's size (under 25,000 sq ft) avoids costly carbon emission compliance regulations. Gross rent is $465,000, with expenses totaling $103,689. This property is ideal for building trades and offers a compelling return on investment.