558 Grand Concourse
This feature is unavailable at the moment.
We apologize, but the feature you are trying to access is currently unavailable. We are aware of this issue and our team is working hard to resolve the matter.
Please check back in a few minutes. We apologize for the inconvenience.
- LoopNet Team
thank you
Your email has been sent!
558 Grand Concourse
172,894 SF 1% Leased Retail Building Bronx, NY 10451 $49,500,000 ($286/SF)
Investment Highlights
- Full-block landmarked property (exterior and partial interior landmark)
- 172,894 GSF across 4 stories and a rooftop penthouse
- Drive-in parking with 39 spaces; with the ability to increase the parking facility footprint on the Ground Floor to accommodate 176 parking spaces
- Encompasses ~ 1.25 acres of land
- Expansive floor plates ranging from just under 30,000 GSF to over 50,000 GSF, 44+ foot column spacing, 19-foot ceilings on the first and second floors
- Large outdoor terrace space on the first, third and penthouse floors
Executive Summary
Avison Young, as exclusive agent, is pleased to present an opportunity to acquire 558 Grand Concourse (the “Property”), also known as the Bronx Post Office, a pre-war landmarked commercial property encompassing an entire city block located between East 149th and 150th Street in the South Bronx. This redevelopment of the historic United States Postal Service building provides investors an unparalleled opportunity to acquire a one-of-a-kind Class-A commercial property with expansive floor plates and striking ceiling heights situated in the densely populated and fast developing submarket of the South Bronx.
Property Facts
Sale Type
Investment or Owner User
Sale Condition
High Vacancy Property
Property Type
Retail
Property Subtype
Storefront Retail/Office
Building Size
172,894 SF
Building Class
B
Year Built/Renovated
1935/2019
Price
$49,500,000
Price Per SF
$286
Percent Leased
1%
Tenancy
Multiple
Building Height
5 Stories
Loading Docks
1 Exterior
Building FAR
3.15
Lot Size
1.26 AC
Opportunity Zone
Yes
Zoning
C4-4 - Mapped in regional commercial centers in more densely built areas
Parking
54 Spaces (0.31 Spaces per 1,000 SF Leased)
Frontage
Amenities
- Air Conditioning
Walk Score ®
Walker's Paradise (94)
Transit Score ®
Rider's Paradise (100)
Nearby Major Retailers
PROPERTY TAXES
Parcel Number | 02443-0400 | Improvements Assessment | $11,778,210 |
Land Assessment | $726,300 | Total Assessment | $12,504,510 |
PROPERTY TAXES
Parcel Number
02443-0400
Land Assessment
$726,300
Improvements Assessment
$11,778,210
Total Assessment
$12,504,510
1 of 24
VIDEOS
3D TOUR
PHOTOS
STREET VIEW
STREET
MAP
Presented by
558 Grand Concourse
Already a member? Log In
Hmm, there seems to have been an error sending your message. Please try again.
Thanks! Your message was sent.