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558 Grand Concourse

172,894 SF 1% Leased Retail Building Bronx, NY 10451 £39,055,499 (£226/SF)

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Investment Highlights

Full-block landmarked property (exterior and partial interior landmark)
172,894 GSF across 4 stories and a rooftop penthouse
Drive-in parking with 39 spaces; with the ability to increase the parking facility footprint on the Ground Floor to accommodate 176 parking spaces

Encompasses ~ 1.25 acres of land
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
Large outdoor terrace space on the first, third and penthouse floors

Executive Summary

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.