1110 Oak Point AveBronx, NY 10474
- Industrial properties
- 87,959 SF
Property Details for 1110 Oak Point Ave
- Year built
- 1993
- Lot size
- 6.43 AC
- Property size (Sq ft)
- 87,959 SF
- Zone code
- M3-1
- Property type
- Industrial properties
- APN
- 02606-0030
- APU
- 26060030
Description
This exceptional industrial property, located at 1110 Oak Point Avenue in the Bronx, NY 10474, presents a rare opportunity. The property encompasses a substantial 10-acre lot and a 268,822 square foot warehouse building, currently entirely vacant. The single-story structure features impressive ceiling heights ranging from 40 to 60 feet, providing ample vertical space for storage and operations. The building is equipped with 2 loading docks and 4 drive-in doors, ensuring efficient loading and unloading. The minimum divisible space is 3,146 square feet, while the maximum contiguous space available is 175,000 square feet, offering flexibility for various tenant needs. The property is zoned M3-1 and boasts multiple street access points. Its strategic location in Hunts Point offers unparalleled access to major transportation arteries, including I-87, I-95, and the Bruckner Expressway, making it ideal for last-mile distribution. The property's proximity to the largest food distribution center in the country further enhances its appeal. The potential for rail siding and barge access adds to the property's versatility and logistical advantages. This is a unique opportunity to acquire a large-scale warehouse with significant land in a prime location. APN: 2606, 2771-30,74. Bronx County.
Valuation
by Paperhouses methods
- Valuation date:
- Dec 11, 2024
-
CAP approach
- CAP return
- Valuation
- 6%
- $32,447,700
- 6.5%
- $29,951,800
- 7%
- $27,812,300
-
Comparable approach
- Method
- Valuation
- Relative Method
- $18,388,400
- Geo Method
- $18,388,400
-
Alternative Use
- Use
- Valuation
- Retail / Commercial
- $15,359,100
- Mixed-Use / Specialty
- $15,304,400
- Hospitality / Lodging
- $11,228,300
- Office
- $15,213,400
- Institutional / Educational
- $15,910,400
- Residential Income
- $18,615,100
- Multifamily
- $22,326,000
- Automotive / Energy
- $13,637,400
- Parking / Income-Based Land
- $4,706,120
- Restaurant / Food Service
- $7,959,910
- Healthcare / Senior Housing
- $15,694,300
Location Insight
- City
- Bronx
- County
- Bronx
- State
- New York
- Latitude
- 40.8074
- Longitude
- -73.893
- CBSA code
- 35620
- CBSA name
- NEW YORK-NORTHERN NEW JERSEY-LONG ISLAND, NY-NJ-PA METROPOLITAN STATISTICAL AREA
Property Tax & Assessments
Comparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
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