The subject
property is an approximately 410,036 square foot mixed use loft located
on the southwest corner of Gerard Avenue and 144th Street in the Mott
Haven section of the Bronx. The 12-story, former manufacturing building
sits between two major Bronx arteries, the Major Deegan Expressway and
Grand Concourse, and has large floor plates suitable for conversion to
office or continued light industrial and warehouse use. With capital
investments to improve the building’s systems, an investor could lease
the space to new businesses looking for low-cost options within the
city’s limits or offer storage space for New York’s largest firms and
businesses. Given the property’s remarkable accessibility via car and
the Express No. 4 and 5 Subway just blocks away, the building is also a
fantastic user opportunity.
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Neighborhoods: Mott Haven