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270-276 Rider Avenue - Availability Details

270 Rider Avenue, The Bronx, NY 10451

  • For Sale $10,500,000
  • City The Bronx
  • Neighborhood Mott Haven
  • Zip Code 10451
  • Property Type Industrial
  • Property Size 34,375 Sqft
  • Lot Size 0.23 Acre
  • Date Updated 25 May, 2021
  • Website arielpa.nyc

Ariel Property Advisors is pleased to present 270-276 Rider Avenue, a prime corner loft building located at Rider Avenue and East 139th Street in the Mott Haven section of the Bronx.

270-276 Rider Avenue is a four (4) story industrial elevator commercial loft building. The property spans 34,375 square feet zoning provides an additional 5,625 buildable square feet as-of-right. The building boast many attractive features, including spacious open floor plates, good exposure to natural light and air, high ceilings and a curb cut on the East 139th Street side that could potentially be utilized for a loading area. The building also features a new roof that was just installed by the current ownership.

Located in the special Mixed-Use District zoning (MX-13), the asset presents a tremendous opportunity for owner/users and investors to either keep the building’s current commercial/industrial use or convert to the property residential rental or condominium use.

The property is located in the heart of all the South Bronx action and in close proximity to many on-going projects such as a brand new Comfort Inn, the 500,000 SF Fresh Direct site, Tahoe Development’s condo project on 138th Street and Canal Place, Lettire Construction’s mixed-use residential project on 138th Street and 3rd Avenue, the much anticipated residential towers along the waterfront, as well as the Bruckner Building, an acclaimed office complex recently restored by Savanna and Hornig Capital Partners Centrally located a few blocks from 2,4,5, and 6 trains, the asset enjoys convenient transportation to Manhattan and the outer boroughs.

As properties of this scale and prime South Bronx location rarely come to market, 270- 76 Rider Avenue represents a premier redevelopment opportunity. Please contact our exclusive sales team for more information or to schedule an inspection.

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Contacts

broker

Michael A. Tortorici

Ariel Property Advisors

(212) 544-9500 x 13

broker

Jason M. Gold

Ariel Property Advisors

(212) 544-9500 x 22

broker

Mark Anderson

Ariel Property Advisors

(212) 544-9500 x 32

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