555 242 StMount Vernon, NY 10470

Property Details for 555 242 St

Property size (Sq ft)

76,000 SF

Property type

Warehouses

Property subtype

Industrial properties

Description

This exceptional investment opportunity presents a 76,000-square-foot industrial warehouse ideally situated on the border of The Bronx and Mount Vernon, New York. The two-story building boasts 40,000 square feet of divisible ground-level space, complemented by 18,000 square feet on both the lower and second levels. Features include four loading docks easily accommodating 53' trailers, two freight elevators, and ceiling heights ranging from 14' to 16'. The property is fully equipped with a sprinkler system and heat, and benefits from a robust 4,000 AMP electrical service. The building sits on a 40,800-square-foot lot (240' x 170') and is zoned M1-1. Its strategic location offers convenient access to major transportation arteries, including the Bronx River Parkway, I-87, and I-95, as well as proximity to the Wakefield Metro North Station and the 241st Street Subway Station (approximately 8 minutes away). The property's strong financial performance is highlighted by a Net Operating Income (NOI) of $998,107 and an attractive 8.32% capitalization rate. Approximate annual real estate taxes for 2023/2024 are $150,000. This property will be offered via online auction from November 4th to 6th, 2024. The property's APN is 5104/14 | 164.83-3001-11.

Location Insight

City

Mount Vernon

County

Bronx

State

New York

Latitude

40.907

Longitude

-73.8521

FAQs

How do I add a non-forward facing team member such as a broker coordinator or broker aide to a listing in order to ensure they get notifications on the property?

Please email our support team at [email protected] and they will add the team member.

How do I access a private listing?

Please contact the broker directly with the information provided on the listing. Once the broker approves your credentials he will make the information public to you.

How can I contact the broker?

We strongly encourage to message the broker through our portal by clicking on the “Envelope” icon next to the brokers photo on the property page. We’ve found brokers response time is much quicker via our messaging portal than phone as brokers are always on the go.

How do I unsubscribe from emails?

At the footer of each email you will find links to Reduce Email Frequency, Adjust Email Settings or Unsubscribe altogether. If you choose to Unsubscribe and are still receiving emails please reach out to us at [email protected].