438 East 166th Street, Bronx, NY 10456 24,054 SQUARE FOOT WAREHOUSE BUILDING FEATURES 20’ CEILING HEIGHTS FOR SALE BUILDING FEATURES
LOCATION
BLOCK / LOT
Located on the south side of East 166th Street between Washington Avenue and Park Avenue 2387 / 25
LOT DIMENSIONS
87.5’ x 219’ (Irregular)
BUILDING DIMENSIONS
87.5’ x 219’ (Irregular)
STORIES YEAR BUILT CEILING HEIGHT
1 2003 20’ (Approximate)
Description:
438 East 166th Street is a 1-story, approximately 24,054 square foot warehouse building located on the south side of East 166th Street between Washington Avenue and Park Avenue in the Morrisania area of the Bronx. The property is currently occupied and will be leased for 45-90 days after closing. The building which was constructed in 2003 features a column-less layout, 39’-9” garage door entrance, ceiling heights of approximately 20’, office space, and mezzanine space. The property also benefits from a ICIP Tax Abatement which is currently in year 12 of 25. The seller has plans to demolish the neighboring building directly to the west to create an approximately 11,913 square foot parking lot (100.96’ x 118’; 30’ curb cut). The buyer of 438 East 166th Street will have the option to enter a long term net lease for parking. The centralized location of this property offers easy access to the Bruckner Expressway, Sheridan Expressway, Cross Bronx Expressway, and Major Deegan Expressway. The building offers a unique opportunity for an owner / investor with little to no comparable inventory available in the South Bronx market.
GROSS SF
24,054 SF (Approximate)
ZONING
M1-1
LOT SIZE
22,956 SF (Approximate)
ASSESSMENT (16/17)
$441,270
TAXES (16/17)
$47,022
TAXES AFTER ICIP ABATEMENT (16/17)
$11,557
Asking Price: $4,950,000 David Simone Direct (212) 660-7725
[email protected] Michael Fioravanti Associate (212) 589-5119
[email protected] Cushman & Wakefield 275 Madison Avenue New York, NY 10016 phone: +1 212 696 2500 nyinvestmentsales.com
Cushman & Wakefield Copyright 2015. No warranty or representation, express or implied, is made to the accuracy or completeness of the information contained herein, and same is submitted subject to errors, omissions, change of price, rental or other conditions, withdrawal without notice, and to any special listing conditions imposed by the property owner(s). As applicable, we make no representation as to the condition of the property (or properties) in question.
438 East 166th Street, Bronx, NY 10456 24,054 SQUARE FOOT WAREHOUSE BUILDING FEATURES 20’ CEILING HEIGHTS FOR SALE
Parking
438 East 166th St.
David Simone Direct (212) 660-7725
[email protected] Michael Fioravanti Associate (212) 589-5119
[email protected] Cushman & Wakefield 275 Madison Avenue New York, NY 10016 phone: +1 212 696 2500 nyinvestmentsales.com
Cushman & Wakefield Copyright 2015. No warranty or representation, express or implied, is made to the accuracy or completeness of the information contained herein, and same is submitted subject to errors, omissions, change of price, rental or other conditions, withdrawal without notice, and to any special listing conditions imposed by the property owner(s). As applicable, we make no representation as to the condition of the property (or properties) in question.
438 East 166th Street, Bronx, NY 10456 24,054 SQUARE FOOT WAREHOUSE BUILDING FEATURES 20’ CEILING HEIGHTS FOR SALE
Parking
438 East 166th St.
David Simone Direct (212) 660-7725
[email protected] Michael Fioravanti Associate (212) 589-5119
[email protected] Cushman & Wakefield 275 Madison Avenue New York, NY 10016 phone: +1 212 696 2500 nyinvestmentsales.com
Cushman & Wakefield Copyright 2015. No warranty or representation, express or implied, is made to the accuracy or completeness of the information contained herein, and same is submitted subject to errors, omissions, change of price, rental or other conditions, withdrawal without notice, and to any special listing conditions imposed by the property owner(s). As applicable, we make no representation as to the condition of the property (or properties) in question.