476 East 222nd Street.
NEW YORK CITY – Cushman & Wakefield has launched the sale of a Bronx warehouse at 1476 East 222nd St. in the Baychester submarket. The 17,195-square-foot single-story warehouse sits in an Opportunity Zone on the southwest corner of 222nd Street and Edson Avenue.
"The Opportunity Zone provides incredible tax incentives and makes this property prime for both an investment and a business Opportunity Fund," said Jonathan Squires of Cushman in a prepared statement.
Currently owner-occupied, the prospective buyer will receive the property vacant. With quick access to New York City and the North East Corridor, the property is boasted for its potential last-mile delivery capabilities, or for a local business for ease of transports because of close proximity to the I-95, US-1 and the Hutchinson River Parkway, according to Addison Berniker of Cushman who is marketing the property.
The M1-1 zoned property has 21' ceilings, four drive-in garages, one with a loading dock, and a mezzanine level with a separate entrance featuring office space above the warehouse. Nearby is the 5 train via the Baychester Subway Station, which is walking distance to the property.
The property is M1-1 zoned, has 21' ceilings and comes equipped with four drive-in garages, one of which has a loading dock. Additionally, there is a mezzanine level with a separate entrance that provides office space above the warehouse.
This marketing effort follows another Bronx industrial sale GlobeSt.com reported on earlier this month in the Mount Vernon submarket, which includes a multi-story property also ideal for last-mile industrial opportunities.
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Mariah Brown
Mariah Brown is the New York Bureau Chief and Real Estate Reporter for GlobeSt.com, covering the New York Metro area, Northeast region and national real estate trends. She is responsible for producing multi-media content, including articles, podcasts and video. Before joining the GlobeSt team, she served as a New York Times fellow, reported for the Associated Press in New York and Philadelphia and several other New York City-based outlets.
