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5 Canal Place 5-2566 Canal Pl

56,200 SF Industrial Building Bronx, NY 10451 $12,949,999 ($230/SF)

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Investment Highlights

This property is 1 block in proximity to the M Train/4.5 subway station and 1 block from the Interstate-87 thruway.
The electrical system has been updated in both buildings.
This property is in close proximity to neighboring businesses such as Rosa's at Park and Wingate by Wynham Bronx/Haven Park

2564 Park Avenue and 5 Canal Place both contain open floors plans in each building.
2564 Park Avenue and 5 Canal Place offer two gated doors and large freight elevators in each building.
Call or Text Damian at (516) 852-0368 for more information today!

Executive Summary

Seller is now offering potential seller financing to qualified buyers. The lot contains two existing buildings comprising approximately 56,200 sf of gross floor area. The building fronting Park Avenue, with an address of 2564 Park Avenue, consists of three stories above grade, currently used as a Factory, and is 39’-0” high. The building fronting Canal Place, with an address of 5 Canal Place, consists of five stories above grade, used as Warehouse or Storage, and is approximately 76’-0” high. Adjacent to the left of this building there is a fenced triangular parking lot for truck and car parking. The property is located on an irregularly shaped through lot with two zoning districts (see zoning description). The lot is zoned for a variety of uses, primarily commercial and manufacturing, with a portion of the lot zoned for residential and community facility uses. Some uses, such as a hotel, will require a special permit. It may be possible to extend a residential or community facility use throughout the entire zoning lot with (BSA) special permit. (Consult with Architect).

2564 Park Ave OM

Building Specs

Property Facts

Price	$12,949,999	Rentable Building Area	56,200 SF
Price Per SF	$230	No. Stories	5
Sale Type	Investment or Owner User	Year Built/Renovated	1931/2004
Sale Conditions	1031 Exchange Ground Lease (Leasehold) Ground Lease (Leased Fee) Bulk/Portfolio Sale Redevelopment Project	Tenancy	Single
Property Type	Industrial	Parking Ratio	0.18/1,000 SF
Property Subtype	Warehouse Industrial Distribution Industrial Manufacturing Industrial Service	Clear Ceiling Height	15 FT 8 IN
Building Class	B	No. Drive In / Grade-Level Doors	4
Lot Size	0.42 AC	Opportunity Zone	Yes State officials designate a portion of qualified Census Tracts to be Opportunity Zones. Certain investments in Opportunity Zones may be eligible for preferential tax treatment.

Price	$12,949,999
Price Per SF	$230
Sale Type	Investment or Owner User
Sale Conditions	1031 Exchange Ground Lease (Leasehold) Ground Lease (Leased Fee) Bulk/Portfolio Sale Redevelopment Project
Property Type	Industrial
Property Subtype	Warehouse Industrial Distribution Industrial Manufacturing Industrial Service
Building Class	B
Lot Size	0.42 AC
Rentable Building Area	56,200 SF
No. Stories	5
Year Built/Renovated	1931/2004
Tenancy	Single
Parking Ratio	0.18/1,000 SF
Clear Ceiling Height	15 FT 8 IN
No. Drive In / Grade-Level Doors	4
Opportunity Zone	Yes State officials designate a portion of qualified Census Tracts to be Opportunity Zones. Certain investments in Opportunity Zones may be eligible for preferential tax treatment.

Amenities

Fenced Lot
Metro/Subway

Yard

Fluorescent Lighting

Air Conditioning

Heating - Oil (Steam)

1 of 1

Walk Score ®

Very Walkable (88)

Transit Score ®

Rider's Paradise (100)

Bike Score ®

Very Bikeable (77)

What is a Walk Score®, Transit Score® & Bike Score®?

Walk Score® measures the walkability of any address.

Transit Score® measures access to public transit.

Bike Score® measures bikeability of a location.

What is a Walk Score®

, Transit Score® & Bike Score?

Walk Score® measures the walkability

of any address. Transit Score®

measures access to public transit. Bike Score®

measures bikeability of a location.®

Learn How It Works Detailed Scores

DEMOGRAPHICS

Regional Accessibility

50 Miles 50 Mi. 100 Miles 100 Mi. 500 Miles 500 Mi.

CITY

POPULATION

MILES

DRIVE TIME

New York

8,398,748

0 h 18 m

Philadelphia

1,584,138

102

2 h 6 m

Boston

694,583

205

4 h 22 m

Washington

702,455

236

4 h 47 m

Columbus

892,533

563

10 h 33 m

Detroit

672,662

624

11 h 39 m

ACCESS AND LABOR FORCE

10 MILES

Total Population

6,995,573

Total Labor Force

3,577,857

Unemployment Rate

4.89%

Median Household Income

$73,089

Warehouse Employees

326,022

High School Education Or Higher

85.10%

PROPERTY TAXES

Parcel Number	02340-0011	Improvements Assessment	$1,551,600
Land Assessment	$94,500	Total Assessment	$1,646,100

PROPERTY TAXES

Parcel Number

02340-0011

Land Assessment

$94,500

Improvements Assessment

$1,551,600

Total Assessment

$1,646,100

zoning

Zoning Code	M1-2, M1-4/R7, MX-13 (Zoning Lot Area within M1-2 district: 6,386.12 sf / 18,091 sf = 35.3% Zoning Lot Area within M1-4/R7X district and MX-13 SPD 11,704.88 sf = 64.7%)
M1-2, M1-4/R7, MX-13 (Zoning Lot Area within M1-2 district: 6,386.12 sf / 18,091 sf = 35.3% Zoning Lot Area within M1-4/R7X district and MX-13 SPD 11,704.88 sf = 64.7%)