805 East 139th Street & 820 East 140th Street

Ariel Property Advisors has been retained on an exclusive basis to sell 805 East 139th Street & 820 East 140th Street, a block-through warehouse/industrial assemblage in the heart of Port Morris, Bronx.

Consisting of two contiguous properties that span 76,500 square feet with 150’ of frontage on 140th Street and 255’ of frontage on 139th Street, the offering presents a rare and unique opportunity for both owner-users and investors looking to capitalize on the high demand of NYC warehouse/industrial space. 805 East 139th Street & 820 East 140th Street currently offers two freight elevators, four loading docks, four driveways, and substantial ceiling heights on the ground floor (20’) and 2nd/3rd floor (16-18’). The property currently has a full sprinkler system and ample indoor space with 20’-24’ between each column.

805 East 139th Street & 820 East 140th Street is situated in the Opportunity Zone and the Industrial Business Zone (IBZ), which provides a significant amount of tax savings for the new investor. In addition, the property is uniquely zoned M3-1, which allows for heavy manufacturing in the heart of the South Bronx. The asset is conveniently located near public transportation (6 train, Bx33) and major highways Route 278 (Bruckner Expressway) and RFK Bridge, which allows for easy access to the outer boroughs, Westchester, Long Island and New Jersey.

The property is surrounded by on-going and completed projects that are revolutionizing the South Bronx. Union Crossing (825 East 141st Street), a 278,000 SF office building which was recently completed in close proximity is a prime example. In addition, the South Bronx continues to transform as there will be roughly 3 million square feet of residential units coming to the market in the next few years. The neighborhood has been attracting big box companies such as Amazon, Fresh Direct, FedEx, New York Post, Maison Kayser, Fairway Distribution Center, Silvercup Studios, and many more in the pipeline.