asking price: $4500000 - Agorafy
388 Canal Place a.k.a 389 Rider Avenue
Five-Story Elevatored Industrial Loft Building For Sale Bronx NY, 10451
Property Information Block / Lot:
2340 / 213
Lot Size:
50’ x 125’(1)
Building Dimensions:
50’ x 125’(1)
Building SF:
31,250 Sq. Ft.(1)
Stories:
5
Lot Area:
6,250 Sq. Ft.(1)
Elevator:
Yes
Zoning:
M1-2
Assesment (14/15):
$612,086
Taxes (14/15) :
$63,186
(1)
All Square Footages are Approximate
Rider Avenue Canal Place
ASKING PRICE: $4,500,000
A ve-story elevatored industrial loft building located between East 144th and East 141st Streets. The property fronts both Canal Place and Rider Avenue. There are currently two tenants occupying 50% of the building who are month-to-month. The property can be delivered vacant and each oor is approximately 6,250 square feet. There is a cellular tower lease with annual escalations. The Rider Avenue side of the property has two drive-ins. The property benets from being three blocks from the 2 and 5 subway lines at the Grand Concourse and E 149th St. The 4 & 5 subway line at the Grand Concourse and E 138th Street is approximately four blocks from the subject property. For further information regarding this exclusive listing contact
James Nelson
David Simone
Partner
First Vice President of Sales
Caroline Hannigan Sales Team Manager
212.696.2500 Ext.7710
212.696.2500 Ext. 7725
212.696.2500 Ext. 7708
[email protected]
[email protected]
[email protected]
The information contained herein has either been given to us by the owner of the property or obtained from sources that we deem reliable. We have no reason to doubt its accuracy but we do not guarantee it. All zoning, buildable footages and uses must be independently verified. Vacancy factors used herein are an arbitrary percentage used only as an example. It does not necessarily relate to actual vacancy, if any. The value of this investment is dependent upon these estimates and assumptions made above, as well as the investment income, the tax bracket, and other factors which your tax advisor and/or legal counsel should evaluate. THE PROSPECTIVE BUYER SHOULD CAREFULLY VERIFY EACH ITEM OF INCOME, AND ALL OTHER INFORMATION HEREIN.
Five-Story Elevatored Industrial Loft Building For Sale Bronx NY, 10451
388 Canal Place a.k.a 389 Rider Avenue Revenue Floor
Square Feet
LXP
Monthly Rent
Annual Rent
1st Floor
6,250
Vacant
$5,000
$60,000
2nd Floor
6,250
Month to Month
$4,250
$51,000
3rd Floor
6,250
Month to Month
$4,250
$51,000
4th Floor
6,250
Vacant
$5,000
$60,000
5th Floor
3,125
Vacant
$2,100
$25,200
5th Floor
3,125
Month to Month
$1,900
$22,800
Antenna
-
Expires in 2039
$2,200
$26,400
$ 24,700
$296,400
TOTAL
31,250
James Nelson
David Simone
Partner
First Vice President of Sales
Sales Team Manager
212.696.2500 Ext.7710
212.696.2500 Ext. 7725
212.696.2500 Ext. 7708
[email protected]
[email protected]
[email protected]
Caroline Hannigan
The information contained herein has either been given to us by the owner of the property or obtained from sources that we deem reliable. We have no reason to doubt its accuracy but we do not guarantee it. All zoning, buildable footages and uses must be independently verified. Vacancy factors used herein are an arbitrary percentage used only as an example. It does not necessarily relate to actual vacancy, if any. The value of this investment is dependent upon these estimates and assumptions made above, as well as the investment income, the tax bracket, and other factors which your tax advisor and/or legal counsel should evaluate. THE PROSPECTIVE BUYER SHOULD CAREFULLY VERIFY EACH ITEM OF INCOME, AND ALL OTHER INFORMATION HEREIN.
Five-Story Elevatored Industrial Loft Building For Sale Bronx NY, 10451
Property Information Block / Lot:
2340 / 213
Lot Size:
50’ x 125’(1)
Building Dimensions:
50’ x 125’(1)
Building SF:
31,250 Sq. Ft.(1)
Stories:
5
Lot Area:
6,250 Sq. Ft.(1)
Elevator:
Yes
Zoning:
M1-2
Assesment (14/15):
$612,086
Taxes (14/15) :
$63,186
(1)
All Square Footages are Approximate
Rider Avenue Canal Place
ASKING PRICE: $4,500,000
A ve-story elevatored industrial loft building located between East 144th and East 141st Streets. The property fronts both Canal Place and Rider Avenue. There are currently two tenants occupying 50% of the building who are month-to-month. The property can be delivered vacant and each oor is approximately 6,250 square feet. There is a cellular tower lease with annual escalations. The Rider Avenue side of the property has two drive-ins. The property benets from being three blocks from the 2 and 5 subway lines at the Grand Concourse and E 149th St. The 4 & 5 subway line at the Grand Concourse and E 138th Street is approximately four blocks from the subject property. For further information regarding this exclusive listing contact
James Nelson
David Simone
Partner
First Vice President of Sales
Caroline Hannigan Sales Team Manager
212.696.2500 Ext.7710
212.696.2500 Ext. 7725
212.696.2500 Ext. 7708
[email protected]
[email protected]
[email protected]
The information contained herein has either been given to us by the owner of the property or obtained from sources that we deem reliable. We have no reason to doubt its accuracy but we do not guarantee it. All zoning, buildable footages and uses must be independently verified. Vacancy factors used herein are an arbitrary percentage used only as an example. It does not necessarily relate to actual vacancy, if any. The value of this investment is dependent upon these estimates and assumptions made above, as well as the investment income, the tax bracket, and other factors which your tax advisor and/or legal counsel should evaluate. THE PROSPECTIVE BUYER SHOULD CAREFULLY VERIFY EACH ITEM OF INCOME, AND ALL OTHER INFORMATION HEREIN.
Five-Story Elevatored Industrial Loft Building For Sale Bronx NY, 10451
388 Canal Place a.k.a 389 Rider Avenue Revenue Floor
Square Feet
LXP
Monthly Rent
Annual Rent
1st Floor
6,250
Vacant
$5,000
$60,000
2nd Floor
6,250
Month to Month
$4,250
$51,000
3rd Floor
6,250
Month to Month
$4,250
$51,000
4th Floor
6,250
Vacant
$5,000
$60,000
5th Floor
3,125
Vacant
$2,100
$25,200
5th Floor
3,125
Month to Month
$1,900
$22,800
Antenna
-
Expires in 2039
$2,200
$26,400
$ 24,700
$296,400
TOTAL
31,250
James Nelson
David Simone
Partner
First Vice President of Sales
Sales Team Manager
212.696.2500 Ext.7710
212.696.2500 Ext. 7725
212.696.2500 Ext. 7708
[email protected]
[email protected]
[email protected]
Caroline Hannigan
The information contained herein has either been given to us by the owner of the property or obtained from sources that we deem reliable. We have no reason to doubt its accuracy but we do not guarantee it. All zoning, buildable footages and uses must be independently verified. Vacancy factors used herein are an arbitrary percentage used only as an example. It does not necessarily relate to actual vacancy, if any. The value of this investment is dependent upon these estimates and assumptions made above, as well as the investment income, the tax bracket, and other factors which your tax advisor and/or legal counsel should evaluate. THE PROSPECTIVE BUYER SHOULD CAREFULLY VERIFY EACH ITEM OF INCOME, AND ALL OTHER INFORMATION HEREIN.
