450 Zerega AveThe Bronx, NY 10473
- Auto shops
- 40,248 SF
Property Details for 450 Zerega Ave
- Year built
- 1959
- Lot size
- 0.94 AC
- Property size (Sq ft)
- 40,248 SF
- Zone code
- M1-1
- Property type
- Auto shops
- APN
- 03513-0032
- APU
- 35130032
Description
This exceptional Bronx County property at 450 Zerega Avenue offers a unique blend of office and warehouse space, ideal for a variety of businesses. The two-story building boasts a total of 40,248 square feet, with 22,000 square feet currently vacant. The expansive lot size of 40,800 square feet provides ample parking and excellent street frontage on Zerega Avenue. The building features two drive-ins, two loading platforms, and impressive ceiling heights ranging from 16 to 21 feet. Power is robust, with 800 amps available. The property is zoned M-1, offering flexibility for various uses. The vacant space includes a 22,000 square foot single-story section and an additional 10,000 square feet of land. An additional 15,700 square foot space is available on the second floor, accessible via a ramp, and features a 14-foot ceiling and one drive-in. This space also benefits from modern amenities, including HVAC, gas heat, and sprinklers. Both spaces can be combined for a total of 37,500 square feet of usable space. The property is in excellent condition, located in a safe area, and is suitable for a range of uses, including office space, charter schools, or assembly facilities. Rental price is available upon request.
Valuation
by Paperhouses methods
- Valuation date:
- Dec 11, 2024
-
CAP approach
- CAP return
- Valuation
- 6%
- $7,613,640
- 6.5%
- $7,027,970
- 7%
- $6,525,970
-
Comparable approach
- Method
- Valuation
- Relative Method
- $5,469,160
- Geo Method
- $5,469,160
-
Alternative Use
- Use
- Valuation
- Industrial / Distribution
- $13,705,200
- Mixed-Use / Specialty
- $7,002,920
- Hospitality / Lodging
- $5,137,820
- Office
- $6,961,310
- Institutional / Educational
- $7,280,210
- Residential Income
- $8,517,850
- Multifamily
- $10,215,800
- Automotive / Energy
- $6,240,180
- Parking / Income-Based Land
- $2,153,410
- Restaurant / Food Service
- $3,642,270
- Healthcare / Senior Housing
- $7,181,360
Location Insight
- City
- Bronx
- County
- Bronx
- State
- New York
- Latitude
- 40.8166
- Longitude
- -73.8437
- 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
FAQs
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