425 Devoe AveThe Bronx, NY 10460

Property Details for 425 Devoe Ave

Year built

1900

Lot size

0.92 AC

Property size (Sq ft)

89,750 SF

Zone code

M1-1

Property type

Warehouses

APN

04003-0016

APU

40030016

Description

This exceptional 89,750-square-foot warehouse in the Bronx, New York, presents a compelling investment opportunity. Priced at $10,750,000, this three-story industrial property boasts a versatile layout ideal for various uses. The building features 40,097 square feet of net rentable space, strategically divided across three floors: a ground level of 36,000 square feet (divisible), a lower level of 30,000 square feet, a second floor of 15,750 square feet (divisible), and an 8,000-square-foot divisible third floor. Ceiling heights range from 10 to 20 feet, accommodating diverse storage and operational needs. The property includes covered truck-level loading docks, four drive-in doors, and a new 8,000-pound freight elevator, enhancing efficiency and accessibility. An upgraded electrical service further enhances operational capabilities. Situated on a 40,097-square-foot lot, the land value is $120 per square foot. The M1-1 zoning permits light manufacturing, expanding potential uses. Currently, an in-place ICAP is utilized for self-storage. Its prime location offers convenient access to the 2/5 subway lines, the Cross Bronx Expressway (I-95), and the Sheridan Expressway, providing seamless connectivity to Manhattan and the Tri-state area. This property offers a unique blend of functionality, location, and potential for significant return on investment.

• Alternative Use

  Use

  Valuation

  Residential

  $16,984,210

  Hospitality

  $15,557,445

  Educational

  $12,943,612

  Medical

  $13,388,763

  Retail

  $20,134,508

Location Insight

City

Bronx

County

Bronx

State

New York

Latitude

40.8412

Longitude

-73.877

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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