Bronx Post Office

558 Grand Concourse Bronx, NY 10451

558 Grand Concourse, Bronx, NY, 10451
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FOR SALE
Property Type:
Multi Tenant Office
Amount:
$49,500,000
Last Verified:
Jul 24, 2024

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Highlights

  • Full-block landmarked property (exterior and partial interior landmark)
  • Encompasses ~ 1.25 acres of land
  • 172,894 GSF across 4 stories and a rooftop penthouse
  • 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
  • Drive-in parking with 39 spaces; with the ability to increase the parking facility footprint on the Ground Floor to accommodate 176 parking spaces with double height stackers
  • Large outdoor terrace space on the first, third and penthouse floors

Description

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.

Manhattan

Building Size: 172894sq ft
Building Class: A
Lot Size: 1.24 acres

Map of 558 Grand Concourse, Bronx, NY, 10451

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What are Real Estate Incentives?

Real Estate incentives range widely and have been overlooked by the Commercial Multiple Listing Services (MLS) for decades. Real estate incentives is a generic term used to group any number of programs, such as tax incentives, that are designated by an agency for a geographic area."

Why are Real Estate Incentives Important and to Whom?

"Incentives" are vital today and in the future because:

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  • Commercial Real Estate Brokers, in mass, unfortunately do not know about incentives tied to their listings
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