1077 Home StThe Bronx, NY 10459

Property Details for 1077 Home St

Year built

1931

Lot size

0.46 AC

Property size (Sq ft)

20,000 SF

Zone code

M1-1

Property type

Auto shops

APN

03006-0005

APU

30060005

Description

This 20,000-square-foot warehouse, located at 1077 Home Street in the Bronx, New York (zip code 10459), presents a compelling investment opportunity for owner-users and investors alike. The property boasts a 100ft x 200ft lot size, mirroring the warehouse dimensions. Ceiling heights range from 14 to 16 feet, providing ample vertical space. Access is convenient, with street-to-street access and three drive-in doors. The warehouse is equipped with a fully sprinklered (dry system) fire suppression system and a robust 600-amp electrical service. The property is zoned M1-1 and features a Certificate of Occupancy for a 96-car public parking garage and auto repair facility. Its former use as a parking garage suggests potential for various adaptations. This location offers proximity to subway lines, enhancing accessibility. The property is situated within a Qualified Opportunity Zone, offering potential tax advantages. Annual real estate taxes are approximately $49,000. Suitable uses include fleet maintenance, warehouse and distribution, manufacturing, showroom/office space, and car services (taxis, Uber, Lyft). APN: 3006-5.

• CAP approach

  CAP return

  Valuation

  6%

  $4,860,698

  6.5%

  $4,486,798

  7%

  $4,166,313

• Comparable approach

  Method

  Valuation

  Relative Method

  $6,585,264

  Geo Method

  $6,585,264

• Alternative Use

  Use

  Valuation

  Residential

  $3,784,782

  Hospitality

  $3,466,840

  Educational

  $2,884,370

  Medical

  $2,983,568

  Retail

  $4,486,798

Location Insight

City

Bronx

County

Bronx

State

New York

Latitude

40.8281

Longitude

-73.8866

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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