558 Grand Concourse - Storefront Retail/Office FOR SALE


Bronx, NY 10451
$49,500,000 USD
914-406-9257
558 Grand Concourse, Bronx, NY for Sale
$49,500,000 USD
Storefront Retail/Office - FOR SALE
1/23
null | Request Cap Rate

558 Grand Concourse
Bronx, NY 10451


HIGHLIGHTS

  • Full-block landmarked property (exterior and partial interior landmark)
  • Encompasses ~ 1.25 acres of land
  • 172,894 GSF across 4 stories and a rooftop penthouse
  • Expansive floor plates ranging from just under 30,000 GSF to over 50,000 GSF, 44+ foot column spacing, 19-foot ceilings on the first and second floors
  • Drive-in parking with 39 spaces; with the ability to increase the parking facility footprint on the Ground Floor to accommodate 176 parking spaces
  • Large outdoor terrace space on the first, third and penthouse floors

OVERVIEW

Avison Young, as exclusive agent, is pleased to present an opportunity to acquire 558 Grand Concourse (the “Property”), also known as the Bronx Post Office, a pre-war landmarked commercial property encompassing an entire city block located between East 149th and 150th Street in the South Bronx. This redevelopment of the historic United States Postal Service building provides investors an unparalleled opportunity to acquire a one-of-a-kind Class-A commercial property with expansive floor plates and striking ceiling heights situated in the densely populated and fast developing submarket of the South Bronx.

FOR SALE DETAILS

PRICE

$49,500,000 USD

PRICE/SF

$286 USD /SF

CAP RATE

Request Cap Rate

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment Or Owner User

BUILDING DETAILS

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Storefront Retail/Office

TOTAL BUILDING SIZE

-

STORIES

5

YEAR BUILT

1935

SPRINKLERS

-

PARKING SPACES

54

LAND DETAILS

LAND ACRES

1.26 AC

LAND SF

54,886 SF

ZONING

C4-4

APN/PARCEL ID

02443-0400

ASK ABOUT THIS PROPERTY

Fritz RichterAvison YoungMore Info
914-406-9257

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Fritz RichterAvison YoungMore Info
914-406-9257

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.