754 137Th StBronx, NY 10454

Property Details for 754 137Th St

Year built

1931

Lot size

0.34 AC

Property size (Sq ft)

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.

• CAP approach

  CAP return

  Valuation

  6%

  $7,746,820

  6.5%

  $7,150,910

  7%

  $6,640,130

• Comparable approach

  Method

  Valuation

  Relative Method

  $4,390,180

  Geo Method

  $4,390,180

• Alternative Use

  Use

  Valuation

  Retail / Commercial

  $3,666,950

  Mixed-Use / Specialty

  $3,653,880

  Hospitality / Lodging

  $2,680,730

  Office

  $3,632,170

  Institutional / Educational

  $3,798,560

  Residential Income

  $4,444,310

  Multifamily

  $5,330,270

  Automotive / Energy

  $3,255,910

  Parking / Income-Based Land

  $1,123,570

  Restaurant / Food Service

  $1,900,410

  Healthcare / Senior Housing

  $3,746,980

Location Insight

City

Bronx

County

Bronx

State

New York

Latitude

40.8034

Longitude

-73.9123

CBSA code

35620

CBSA name

NEW YORK-NORTHERN NEW JERSEY-LONG ISLAND, NY-NJ-PA METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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