For Sale
$8,250,000

754 137Th StBronx, NY 10454

21,000 SF Warehouse, 20 Units, High NOI

Overview

Added:
Dec 11, 2024
Days on market:
117
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.

Highlights

  • 21,000 SF multi-tenant warehouse in the Bronx, NY, generating strong diversified cash flow from 20 month-to-month tenants.
  • Ideal for building trades businesses.
  • Excellent location adjacent to the Bruckner Expressway for easy access.

Property Details for 754 137Th St

Property type
Warehouses, Industrial properties
Square Feet
21,000 SF
Year Built
1931
Stories
2
Units
20

Location Insight

City
Bronx
County
Bronx
State
New York
Latitude
40.8034201
Longitude
-73.9121918
754 137Th St, Bronx, New York

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754 137Th St
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