NEW YORK CITY – Cushman & Wakefield has been hired to market the sale of 200-208 South 14^th Ave., a 26,788-square-foot industrial property with a parking lot in the Bronx.

The multi-story property on the border between the Bronx and Mount Vernon submarket is attractive to investors in search of industrial property in a dense area that is ideal for last-mile industrial opportunities, according to Jonathan Squires, executive director at Cushman & Wakefield, who is leading the marketing effort.

"As the industrial market in the greater New York area continues to heat up, these properties remain in high demand and will continue to grow in value," Josh Neustadter, on C&W's New York Middle Market Investment Sales team, said in a prepared statement.

The industrial property with seven commercial units is accessible to major highways and public transportation, such as the Wakefield Station on the Metro-North line in a one-mile radius, and the 241st Street Subway Station that is four blocks away.

Ceiling heights in the building extend upwards to thirteen-feet, which is currently 100 percent leased and with average weighted lease terms of 3.9 years, producing a diversified and steady income stream.

In its entirety, the land parcel includes .32 acres with a total 1.92-floor area ratio, zoned for auto body repair, general manufacturing and distribution. The property has undergone recent renovations, including a new roof, LED lighting, new windows, overhead doors and resurfaced warehouse floors.

Instant Insights /

Cushman & Wakefield Markets Competitive Bronx Industrial Site

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