754 137th St Bronx, NY 10454-3403
- Industrial properties
- 21,000 SF
- 0.34 lot acres
Current Use by Public Records
- Industrial properties
Property Details for 754 137th St
- Year built
- 1931
- Lot size
- 0.34 lot acres
- Property size
- 21,000 SF
- Zone code
- M1-2
- Property type
- Industrial properties
- APN
- 02565-0060
- APU
- 25650060
Description
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.
Value Estimations
-
AI approach
- Method
- Estimation
- ML approach
- $765,000
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Location Insight
- Map
- Local Demand
- City
- Bronx
- County
- Bronx
- State
- New York
- Longitude
- -73.9123
- Latitude
- 40.8034
- CBSA code
- 35620
- CBSA name
- NEW YORK-NORTHERN NEW JERSEY-LONG ISLAND, NY-NJ-PA METROPOLITAN STATISTICAL AREA
