1132 Oak Point AveThe Bronx, NY 10474

  • Industrial properties
  • 141,748 SF
For Lease
$19/SF/YR View listing

Property Details for 1132 Oak Point Ave

Year built
1942
Lot size
12.73 AC
Property size (Sq ft)
141,748 SF
Zone code
M3-1
Property type
Industrial properties
Property subtype
Other warehouses
APN
02606-0020
APU
26060020

Description

This exceptional industrial property at 1132 Oak Point Ave in The Bronx, NY 10474, offers a significant opportunity for businesses seeking warehouse or distribution space. The property comprises two buildings totaling 141,748 square feet on a substantial 554,435 square foot lot. Built in 1942, the buildings feature a remarkable 52-foot ceiling height, minimizing column obstructions and maximizing storage capacity. Three drive-in doors provide convenient access for loading and unloading, complemented by ample 3-phase power. The property is zoned M3-1 and is currently configured as a single-tenant occupancy, although the space is divisible to accommodate smaller tenants (minimum 5,000 sq ft). A significant portion of the space, 60,690 square feet, is dedicated to warehouse operations. The property also includes 42,500 square feet of fenced and gated land, enhanced by on-site security. The flexible lease terms make this a highly adaptable solution for various business needs, including storage, distribution, and workshop operations. The cage-style construction (chain link fence walls) offers added security. This property presents a rare combination of size, location, and features, making it an attractive investment for businesses seeking a strategic foothold in the Bronx.

Valuation
by Paperhouses methods

Valuation date:
Dec 11, 2024
  • Alternative Use

    Use
    Valuation
    Residential
    $26,824,266
    Hospitality
    $24,570,884
    Educational
    $20,442,686
    Medical
    $21,145,742
    Retail
    $31,799,734
1132 Oak Point Ave, The Bronx, New York

Location Insight

City
Bronx
County
Bronx
State
New York
Latitude
40.8071
Longitude
-73.8945
CBSA code
35620
CBSA name
NEW YORK-NORTHERN NEW JERSEY-LONG ISLAND, NY-NJ-PA METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

Tax date
Tax Amount
Assessed Land Value
Assessed Improvement Value
Total Assessed Value
Applied Tax Rate
Land Market Value
Improvement Market Value
Total Market Value
2024
$690,713
$2,995,110
$3,525,975
$6,521,085
-
$8,317,000
$10,528,000
$18,845,000

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