1414 Cromwell Avenue

For Sale$4,500,000

1414 Cromwell Avenue, The Bronx, NY 10452

  • Industrial

1414 Cromwell Avenue, The Bronx, NY 10452 - Industrial Space

1414 Cromwell Avenue is located at 1414 Cromwell Avenue in the High Bridge neighborhood, NY, The Bronx, 10452. The Industrial building features a total of 26,787 Sqft.

There are 25 industrial spaces for lease in the Bronx city, totaling 917,826 Sqft of available industrial space. The average asking industrial rent per sq. ft. in Bronx is $18/sqft/year. For Class C industrial buildings the average industrial rate is $15/sqft/year.

In High Bridge, there is 1 class C industrial building. At zip code level, there are 2 commercial properties, of which 1 are industrial buildings over 50,000 square feet.

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Details

  • Sale Price $4,500,000
  • City The Bronx
  • Neighborhood High Bridge
  • Zip Code 10452
  • Property Type Industrial
  • Property Size 26,787 Sqft
  • Lot Size 13,394 Sqft
  • Date Updated 06 Nov, 2019

Looking for more in-depth information on this property? Find property characteristics, ownership, tenant details, local market insights and more. Unlock data on CommercialEdge.com.

Description

1414-1424 Cromwell Avenue is just outside of the recently rezoned Jerome Avenue district, an area where many investors have shown significant interest as development and opportunity will only evolve in the future. The 26,787 SF building is currently leased out to a parking lot operator till 2025 but has favorable lease terms which allows ownership to terminate the lease upon a sale of the property which provides a perfect opportunity for an owner-user. With 150' of frontage on Cromwell Avenue and ceiling heights ranging from 12'-14', the property provides investors with a great street presence in the neighborhood. In addition, the current rent is significantly below market which provides a tremendous value add opportunity for any investor.

FREQUENTLY ASKED QUESTIONS

What is the total square footage of 1414 Cromwell Avenue?

1414 Cromwell Avenue totals 26,787 square feet.

High Bridge Demographics

The average household income in zip code 10452 is $39,896, from a total of 26,126 households. In terms of employment, there are 78.04 % white-collar and 21.96 % blue-collar jobs in zip code 10452.

Population

  • Total Population76,078
  • Male Population(45.7 %) 34,800
  • Female Population(54.3 %) 41,278
  • Median Age31.60

Income/Financial

  • Average Household Income$39,896
  • Median Household Income$28,277
  • Median Income Under 25$27,279
  • Median Income 25-44$32,608
  • Median Income 45-64$29,294
  • Median Income Over 65$16,261

Commercial Brokers Register now to add listings

Michael A. Tortorici

Ariel Property Advisors

(212) 544-9500 x 13

Jason M. Gold

Ariel Property Advisors

(212) 544-9500 x 22

Daniel Mahfar

Ariel Property Advisors

(212) 544-9500 x 99