310 Tiffany St 40,000 SF 100% Leased Industrial Building Bronx, NY 10474 $12,000,000 ($300/SF)

INVESTMENT HIGHLIGHTS

  • Unparalleled connectivity and proximity to the end consumer
  • Property is located near 5 major highways
  • 15.5’ - 17.5’ first floor ceiling heights
  • Anchored by Two High-Visibility Tenants: Target and World Vision
  • Direct trailer loading to each level
  • 22.5’ second floor ceiling heights

EXECUTIVE SUMMARY

Cushman & Wakefield is pleased to announce that it has been retained on an exclusive basis to arrange for the sale of 310 Tiffany Street. Located in the Hunts Point neighborhood of the Bronx, the property is situated on the blockfront of Viele Avenue bound by Tiffany and Casanova Streets. The property is improved by a 40,000 square foot 2-story industrial warehouse with 200’ of frontage on Viele Avenue, 100’ of frontage on Tiffany Street and 100’ of frontage on Casanova Street. The property has direct trailer loading to each level and boasts 16’ clear heights,15.5’-17.5’ ceiling heights on the first floor, 22.5’ ceiling heights on the second floor, and 33’ ceilings heights on the ramp. The property is currently 100% occupied by two tenants, including Target Corporation and World Vision Inc.
310 Tiffany Street enjoys strategic positioning among a flourishing industrial landscape, offering convenient access to major transportation routes and urban centers. There are nine toll-free, unrestricted bridges connecting the Bronx to its boroughs – three times as many access points as Brooklyn, Queen, or New Jersey. Additionally, the Property boasts elite proximity to multiple interstate highways (i.e. I-95, I-87, I-287, etc.) Additionally, the property is located within one of the federally approved opportunity zones, allowing investors to benefit from the significant tax advantages that come with investing in the south Bronx’s revitalization.
With the thriving industrial sector in the Bronx and consistent performance of anchor tenants like Target and World Vision, 310 Tiffany Street presents an enticing investment opportunity for prospective buyers seeking stable returns and long-term asset appreciation.

PROPERTY FACTS Under Contract

Price $12,000,000
Price Per SF $300
Sale Type Investment
Property Type Industrial
Property Subtype
Warehouse
  • Industrial Distribution
  • Showroom
  • OfficeLoft Creative Space
Building Class B
Lot Size 0.46 AC
Rentable Building Area 40,000 SF
No. Stories 2
Year Built 1964
Clear Ceiling Height 24’
No. Dock-High Doors/Loading 4
No. Drive In / Grade-Level Doors 2
Opportunity Zone Yes

UTILITIES

  • Heating

PROPERTY TAXES

ZONING

Zoning Code M3-1 (M3 districts are designated for areas with heavy industries that generate noise, traffic or pollutants.)
  • Listing ID: 32491019

  • Date on Market: 7/17/2024

  • Last Updated:

  • Address: 310 Tiffany St, Bronx, NY 10474