450 Zerega AveThe Bronx, NY 10473

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

Retail properties

Property subtype

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.

• CAP approach

  CAP return

  Valuation

  6%

  $9,781,669

  6.5%

  $9,029,233

  7%

  $8,384,288

• Comparable approach

  Method

  Valuation

  Relative Method

  $13,252,185

  Geo Method

  $13,252,185

• Alternative Use

  Use

  Valuation

  Residential

  $7,616,496

  Hospitality

  $6,976,669

  Educational

  $5,804,507

  Medical

  $6,004,133

  Retail

  $9,029,233

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

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