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1321 Oak Point Ave 25,000 SF 100% Leased Industrial Building Bronx, NY 10474 For Sale
EXECUTIVE SUMMARY
Somerset Real Estate LLC is pleased to announce it has been retained on an exclusive basis to arrange for the sale of 1321 Oak Point Ave located in the Hunts Point neighborhood of the Bronx. The 25,000 SF single-story industrial asset is located on the corner of Oak Point Ave between Bryant and Longfellow Avenues. This will be the first change of ownership in 30 years.
Situated in a strong industrial hub of the Bronx on a 25,000 SF lot, the Property is fully occupied by nine tenants and providing strong cash flow; moreover, all of the tenants are directly metered with exclusive curb cuts to provide for car/truck access.
The Owner currently occupies 12,500 SF of the newly altered building which boasts 22’ ceilings and is column free with drive-in access on Bryant Ave and loading access on Longfellow Ave. This half of the building can benefit a user or capture additional rental income.
Situated in a strong industrial hub of the Bronx on a 25,000 SF lot, the Property is fully occupied by nine tenants and providing strong cash flow; moreover, all of the tenants are directly metered with exclusive curb cuts to provide for car/truck access.
The Owner currently occupies 12,500 SF of the newly altered building which boasts 22’ ceilings and is column free with drive-in access on Bryant Ave and loading access on Longfellow Ave. This half of the building can benefit a user or capture additional rental income.
PROPERTY FACTS
| Sale Type | Investment or Owner User | No. Stories | 1 |
| Property Type | Industrial | Year Built/Renovated | 1928/2004 |
| Property Subtype | Manufacturing | Clear Ceiling Height | 22’ |
| Building Class | C | No. Drive In / Grade-Level Doors | 8 |
| Lot Size | 0.57 AC | Opportunity Zone |
Yes
|
| Rentable Building Area | 25,000 SF | ||
| Zoning | M1-2 - M1-2 Zoning is a Light Manufacturing Zoning district in NYC. | ||
| Sale Type | Investment or Owner User |
| Property Type | Industrial |
| Property Subtype | Manufacturing |
| Building Class | C |
| Lot Size | 0.57 AC |
| Rentable Building Area | 25,000 SF |
| No. Stories | 1 |
| Year Built/Renovated | 1928/2004 |
| Clear Ceiling Height | 22’ |
| No. Drive In / Grade-Level Doors | 8 |
| Opportunity Zone |
Yes |
| Zoning | M1-2 - M1-2 Zoning is a Light Manufacturing Zoning district in NYC. |
AMENITIES
- Bus Line
- Metro/Subway
1 1
Walk Score®
Very Walkable (82)
Bike Score®
Very Bikeable (70)
PROPERTY TAXES
| Parcel Number | 02769-0080 | Improvements Assessment | $610,650 |
| Land Assessment | $225,000 | Total Assessment | $835,650 |
PROPERTY TAXES
Parcel Number
02769-0080
Land Assessment
$225,000
Improvements Assessment
$610,650
Total Assessment
$835,650
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1321 Oak Point Ave
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