The Piano Factory 26 Bruckner Blvd
99,900 SF 100% Leased Office Building Bronx, NY 10454 For Sale
EXECUTIVE SUMMARY
Cushman & Wakefield has been retained by Ownership to offer for sale the 100% interest in 26 Bruckner Boulevard (the “Offering”). The offering provides the opportunity to acquire a one of a kind, high quality cash flowing asset in the rapidly growing Mott Haven submarket of The Bronx.
The Offering is currently 100% occupied and anchored by the State of New York with a lease until February 2030. The property is zoned M1-5/R8A, MX-1, allowing for up to 165,550 residential buildable square feet. Under the City of Yes UAP, the sites buildable envelope expands to 199,000 buildable square feet.
MAJOR NEW DEVELOPMENTS
The Offering is situated near Mott Haven’s largest institutional developments, such as Brookfield’s Bankside; a 1.3 million square foot, 7-building mixed use development located at 2401 Third Avenue and 101 Lincoln Avenue. Additionally, RXR completed the Maven apartments, bringing another world-class 150,000 square foot development to the immediate area.
CONVENIENT SUBWAY ACCESS
Two stations are conveniently located within a short walking distance: the 6 Train at 3rd Avenue and 138th Street, and the Express 4 and 5 Trains at 138th Street Grand Concourse, providing 12-minute rides to Midtown Manhattan.
EXCELLENT AUTOMOBILE ACCESS
Easy access to the Major Deegan Expressway, Third Avenue Bridge, Willis Avenue Bridge, Bruckner Expressway, and Harlem River Drive
EXPANDING AMENITY BASE
Mott Haven’s growing residential and commercial density is driving the emergence of more restaurants and shops, enhancing the neighborhood’s quality of life. Notable local spots include Mott Haven Bar & Grill, which serves classic American fare; Empanology, known for its tasty empanadas; and Double Dutch Espresso, a haven for coffee enthusiasts. Nobody’s Pizza is popular for its delicious pizzas, while Gun Hill Tavern offers a relaxed setting for drinks and pub food. Mottley Kitchen delights diners with its creative menu, and Charlie’s Bar & Kitchen features an inviting atmosphere and diverse offerings. Together, these venues contribute to the vibrant community
feel, making Mott Haven an increasingly attractive place to live and visit.
The Offering is currently 100% occupied and anchored by the State of New York with a lease until February 2030. The property is zoned M1-5/R8A, MX-1, allowing for up to 165,550 residential buildable square feet. Under the City of Yes UAP, the sites buildable envelope expands to 199,000 buildable square feet.
MAJOR NEW DEVELOPMENTS
The Offering is situated near Mott Haven’s largest institutional developments, such as Brookfield’s Bankside; a 1.3 million square foot, 7-building mixed use development located at 2401 Third Avenue and 101 Lincoln Avenue. Additionally, RXR completed the Maven apartments, bringing another world-class 150,000 square foot development to the immediate area.
CONVENIENT SUBWAY ACCESS
Two stations are conveniently located within a short walking distance: the 6 Train at 3rd Avenue and 138th Street, and the Express 4 and 5 Trains at 138th Street Grand Concourse, providing 12-minute rides to Midtown Manhattan.
EXCELLENT AUTOMOBILE ACCESS
Easy access to the Major Deegan Expressway, Third Avenue Bridge, Willis Avenue Bridge, Bruckner Expressway, and Harlem River Drive
EXPANDING AMENITY BASE
Mott Haven’s growing residential and commercial density is driving the emergence of more restaurants and shops, enhancing the neighborhood’s quality of life. Notable local spots include Mott Haven Bar & Grill, which serves classic American fare; Empanology, known for its tasty empanadas; and Double Dutch Espresso, a haven for coffee enthusiasts. Nobody’s Pizza is popular for its delicious pizzas, while Gun Hill Tavern offers a relaxed setting for drinks and pub food. Mottley Kitchen delights diners with its creative menu, and Charlie’s Bar & Kitchen features an inviting atmosphere and diverse offerings. Together, these venues contribute to the vibrant community
feel, making Mott Haven an increasingly attractive place to live and visit.
PROPERTY FACTS
Sale Type
Investment
Property Type
Office
Property Subtype
Building Size
99,900 SF
Building Class
B
Year Built/Renovated
1945/1981
Percent Leased
100%
Tenancy
Multiple
Building Height
5 Stories
Typical Floor Size
19,980 SF
Building FAR
3.64
Lot Size
0.63 AC
Opportunity Zone
Yes
Zoning
M1-5/R8A, MX-1
AMENITIES
- 24 Hour Access
MAJOR TENANTS Click Here to Access
- TENANT
- INDUSTRY
- SF OCCUPIED
- RENT/SF
- LEASE TYPE
- LEASE END
- Ghetto Film School
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Lorem Ipsum
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- Halmar International
- Transportation and Warehousing
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Lorem Ipsum
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- Public Administration
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$9.99
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Lorem Ipsum
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Jan 0000
Parole is a process that begins while the individual is incarcerated. Offender Rehabilitation Coordinators and/or Supervising Offender Coordinators assist in preparing incarcerated individuals for their New York State Board of Parole interview. Board interviews include answering questions about prior criminal activity, custodial record, program participation, future goals and release plans. The New York State Board of Parole is the sole entity with discretionary authority to grant release to eligible individuals incarcerated with DOCCS. It is an independent body responsible for determining parole, setting parole conditions, and revoking parole when conditions have been violated.
- PharmBlue
- Retailer
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Lorem Ipsum
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- Success In Motion
- Educational Services
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$9.99
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Lorem Ipsum
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Jan 0000
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- Professional, Scientific, and Technical Services
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$9.99
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Lorem Ipsum
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The Knowledge House is building a diverse pipeline of tech talent from low-income communities.
| TENANT | INDUSTRY | SF OCCUPIED | RENT/SF | LEASE TYPE | LEASE END | |
| Ghetto Film School | - | - | - | Lorem Ipsum | Jan 0000 | |
| Halmar International | Transportation and Warehousing | - | - | Lorem Ipsum | Jan 0000 | |
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Public Administration | - | $9.99 | Lorem Ipsum | Jan 0000 | |
| PharmBlue | Retailer | - | - | Lorem Ipsum | Jan 0000 | |
| Success In Motion | Educational Services | - | $9.99 | Lorem Ipsum | Jan 0000 | |
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Professional, Scientific, and Technical Services | - | $9.99 | Lorem Ipsum | - |
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Walk Score®
Very Walkable (89)
Transit Score®
Rider's Paradise (100)
Bike Score®
Very Bikeable (80)
PROPERTY TAXES
| Parcel Number | 02308-0015 | Improvements Assessment | $4,099,500 |
| Land Assessment | $309,600 | Total Assessment | $4,409,100 |
