754 137Th StThe Bronx, NY 10454

This exceptional value-add industrial portfolio in the Port Morris section of the Bronx offers a compelling investment opportunity. Comprising five buildings totaling 49,851 square feet on a 1.02-acre lot, the property boasts a 95% occupancy rate with 34 tenants, primarily NYC contractors on month-to-month leases. Built in 1931 and renovated in 2006, the portfolio features 31 units across two stories, with a desirable M1-2 zoning designation. The property includes 30 loading docks and a convenient 13-foot ceiling height. Each drive-in unit is separately metered, a significant advantage given NYC's stringent curb-cut regulations. The portfolio generates a substantial net operating income (NOI) of approximately $1,017,380 annually, presenting significant upside potential through lease rate adjustments and vacancy reduction. Its strategic location, two blocks from Bruckner Boulevard and near major developments by Brookfield, further enhances its long-term prospects. This portfolio represents a rare opportunity to acquire a well-leased, income-producing asset with considerable value-add potential in a rapidly developing area. The property's strong tenant base and limited competition make it an attractive investment for discerning buyers. The existing month-to-month leases provide flexibility and potential for future rent increases. This is a prime opportunity to capitalize on the growing demand for industrial space in the Bronx.