1385 Seabury AveBronx, NY 10461

Property Details for 1385 Seabury Ave

Year built

1957

Lot size

0.23 AC

Property size (Sq ft)

9,500 SF

Zone code

M1-1

Property type

Manufacturing properties

APN

03847-0010

APU

38470010

Description

This 5,700 square foot warehouse, located at 1385 Seabury Avenue, offers a versatile space ideal for various industrial users or contractors. Currently fully vacant, the property is divisible into units as small as 2,400 square feet, with a maximum contiguous space of 3,300 square feet. The building features a 16-foot ceiling height, a small office area, clean flooring, gas heating, secure windows, and energy-efficient LED lighting. One overhead door provides convenient access for loading and unloading. The property is zoned M1 (Industrial), ensuring compatibility with a wide range of industrial operations. Its strategic location within the Zerega Industrial Business Zone offers easy access to major transportation arteries, including I-95, I-278, I-295, and the Hutchinson River Parkway, as well as the Whitestone and Throggs Neck Bridges. Furthermore, the property enjoys the added benefit of being a short, three-minute walk from a subway station, enhancing accessibility for employees and clients. The monthly rent for the entire 5,700 square foot space is $8,800. This exceptional location and functional layout make this warehouse an attractive opportunity for businesses seeking a well-connected and efficient workspace.

• CAP approach

  CAP return

  Valuation

  6%

  $3,504,510

  6.5%

  $3,234,940

  7%

  $3,003,870

• Comparable approach

  Method

  Valuation

  Relative Method

  $1,986,030

  Geo Method

  $1,986,030

• Alternative Use

  Use

  Valuation

  Retail / Commercial

  $1,658,860

  Mixed-Use / Specialty

  $1,652,940

  Hospitality / Lodging

  $1,212,710

  Office

  $1,643,120

  Institutional / Educational

  $1,718,400

  Residential Income

  $2,010,520

  Multifamily

  $2,411,310

  Automotive / Energy

  $1,472,910

  Parking / Income-Based Land

  $508,284

  Restaurant / Food Service

  $859,709

  Healthcare / Senior Housing

  $1,695,060

Location Insight

City

Bronx

County

Bronx

State

New York

Latitude

40.8379

Longitude

-73.8431

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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