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358 Concord Ave
Bronx, NY 10454
Industrial Property For Sale
INVESTMENT HIGHLIGHTS
- Significant Residential Development Shapes the South Bronx
- Dynamic Area Surrounded by Major Institutions – Bronx Detention Center
- Pro-Development Incentives – ICAP, ULURP, Build NY
- Significant Air Rights & Development Potential – 262,212 BSF As-Of-Right
- Multiple Development Uses – Commercial, Community Facility, Residential Potential
EXECUTIVE SUMMARY
Avison Young, as exclusive agent, is pleased to present an opportunity to acquire 358 Concord Avenue and its accompanying air-rights (the “Property”). The Property is a corner industrial site with significant air rights poised for development. The Site is currently improved by a 20,300 SF single-story warehouse building.
The proximity to new commercial developments, Industrial Hubs, residential density and transportation provides avenues for Commercial Development, Non-Profit Development, or Residential development through a ULURP process.
The Property offers excellent accessibility, located just one block from the East 143rd Street Subway Station (6 train). It is also a short drive from the Major Deegan Expressway, with convenient connections to the Bruckner Expressway, RFK/Triborough Bridge, and Harlem River Drive.
The proximity to new commercial developments, Industrial Hubs, residential density and transportation provides avenues for Commercial Development, Non-Profit Development, or Residential development through a ULURP process.
The Property offers excellent accessibility, located just one block from the East 143rd Street Subway Station (6 train). It is also a short drive from the Major Deegan Expressway, with convenient connections to the Bruckner Expressway, RFK/Triborough Bridge, and Harlem River Drive.
PROPERTY FACTS
| Sale Type | Investment | Rentable Building Area | 20,300 SF |
| Sale Condition | Redevelopment Project | No. Stories | 1 |
| Property Type | Industrial | Year Built | 1931 |
| Property Subtype | Warehouse | Parking Ratio | 0.3/1,000 SF |
| Building Class | C | Clear Ceiling Height | 18’ |
| Lot Size | 0.47 AC | No. Drive In / Grade-Level Doors | 3 |
| Zoning | M1-3 - M1-3 Zoning is a Light Manufacturing Zoning district in NYC. In M1-3 there are multiple uses. | ||
| Sale Type | Investment |
| Sale Condition | Redevelopment Project |
| Property Type | Industrial |
| Property Subtype | Warehouse |
| Building Class | C |
| Lot Size | 0.47 AC |
| Rentable Building Area | 20,300 SF |
| No. Stories | 1 |
| Year Built | 1931 |
| Parking Ratio | 0.3/1,000 SF |
| Clear Ceiling Height | 18’ |
| No. Drive In / Grade-Level Doors | 3 |
| Zoning | M1-3 - M1-3 Zoning is a Light Manufacturing Zoning district in NYC. In M1-3 there are multiple uses. |
PROPERTY TAXES
| Parcel Number | 02574-0040 | Improvements Assessment | $469,360 CAD |
| Land Assessment | $227,730 CAD | Total Assessment | $697,090 CAD |
PROPERTY TAXES
Parcel Number
02574-0040
Land Assessment
$227,730 CAD
Improvements Assessment
$469,360 CAD
Total Assessment
$697,090 CAD
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