5 Canal PlaceBronx, NY 10451

Description

2564 Park Avenue & (5 Canal Place + Parking Lot) 2 Buildings that occupy the same tax lot (Block 2340, Lot 11) and benefit from the same zoning (M1-2, M1-4/R7X, MX-13), which permits a wide range of light manufacturing, warehouse, commercial, and mixed-use possibilities. The combined property offers approximately 56,200 SF of existing industrial space on a strategically located South Bronx site that sits at the edge of one of New York City’s most active residential development corridors. Location Advantages • 1 block from the 4/5 subway station (138th Street) • 1 block from the I-87 (Major Deegan Expressway) • 3 blocks from the Madison Avenue Bridge into Manhattan • Strong last-mile logistics positioning with excellent highway and bridge access into Manhattan and the broader Bronx/Queens markets Property Overview 2564 Park Avenue Vacant Three-story industrial building totaling approximately 20,950 SF of gross building area, situated on a shared irregular 18,091 SF (0.415-acre) lot with 5 Canal Place. The building measures roughly 61’ × 104’ and is delivered completely vacant, offering immediate flexibility for an owner-user or investor. Key Specifications • Gross Building Area: 20,950 SF • Stories: 3 • Building Dimensions: 61’ × 104’ • Zoning: M1-2 / M1-4/R7X / MX-13 • Block/Lot: 02340.0011 • FAR: 3.11 • Total Property Taxes (both buildings): $180,664.12 Building Features & Highlights • Delivered vacant • Two large gate doors • Drive in freight elevator off the street • Open floor plates suitable for manufacturing, warehouse, light industrial, or last-mile logistics • Excellent truck access and circulation Property Overview 5 Canal Place Vacant Five-story climate-controlled industrial building totaling approximately 35,250 SF of gross building area with a separate attached lot. Measuring roughly 75’ × 118’, the building sits on the same shared 18,091 SF (0.415-acre) lot as and offers superior vertical transportation and loading capabilities. Key Specifications • Gross Building Area: 35,250 SF • Stories: 5 • Building Dimensions: 75’ × 118’ • Zoning: M1-2 / M1-4/R7X / MX-13 • Block/Lot: 02340.0011 • FAR: 3.11 • Total Property Taxes (both buildings): $180,664.12 Building Features & Highlights • Fully climate-controlled on each floor • Two loading-dock gate doors • Drive in 8,000 LB Capacity Freight elevator to each floor • Passenger elevator & 2 Staircases • Gated side yard for parking / outdoor storage • Efficient multi-story warehouse or storage configuration

Property Information

Property type

Commercial Sale

Sub-type

Industrial

Year built

1931

Stories

5

Building area

56,200 Sq Ft

Lot size

0.31 acres

Days on market

76

MLS^® Listing#

1040538

Property Features

Cooling

Central Air

Heating

Natural Gas · Oil

Parking

Garage · Parking Lot

Fencing

Chain Link

Construction

Brick · Stone · Stucco

Utilities

Natural Gas Available · Cable Available · Electricity Connected · Natural Gas Connected · Phone Available · Sewer Connected

Sewer

Public Sewer

Water source

Public

Financial Details

Annual taxes

$187,304

Assessed value

$2,135,250

Parcel number

02340-0011