5 Canal Place Park Avenue

2564 Park Avenue & (5 Canal Place + Parking Lot) 2 Buildings that occupy the same tax lot (Block 2340, Lot 11) and benefit from the same zoning (M1-2, M1-4/R7X, MX-13), which permits a wide range of light manufacturing, warehouse, commercial, and mixed-use possibilities. The combined property offers approximately 56,200 SF of existing industrial space on a strategically located South Bronx site that sits at the edge of one of New York City's most active residential development corridors.
Location Advantages
* 1 block from the 4/5 subway station (138th Street)
* 1 block from the I-87 (Major Deegan Expressway)
* 3 blocks from the Madison Avenue Bridge into Manhattan
* Strong last-mile logistics positioning with excellent highway and bridge access into Manhattan and the broader Bronx/Queens markets
Property Overview
2564 Park Avenue
Vacant Three-story industrial building totaling approximately 20,950 SF of gross building area, situated on a shared irregular 18,091 SF (0.415-acre) lot with 5 Canal Place. The building measures roughly 61' × 104' and is delivered completely vacant, offering immediate flexibility for an owner-user or investor.
Key Specifications
* Gross Building Area: 20,950 SF
* Stories: 3
* Building Dimensions: 61' × 104'
* Zoning: M1-2 / M1-4/R7X / MX-13
* Block/Lot: 02340.0011
* FAR: 3.11
* Total Property Taxes (both buildings): $180,664.12
Building Features & Highlights
* Delivered vacant
* Two large gate doors
* Drive in freight elevator off the street
* Open floor plates suitable for manufacturing, warehouse, light industrial, or last-mile logistics
* Excellent truck access and circulation
Property Overview
5 Canal Place
Vacant Five-story climate-controlled industrial building totaling approximately 35,250 SF of gross building area with a separate attached lot. Measuring roughly 75' × 118', the building sits on the same shared 18,091 SF (0.415-acre) lot as and offers superior vertical transportation and loading capabilities.
Key Specifications
* Gross Building Area: 35,250 SF
* Stories: 5
* Building Dimensions: 75' × 118'
* Zoning: M1-2 / M1-4/R7X / MX-13
* Block/Lot: 02340.0011
* FAR: 3.11
* Total Property Taxes (both buildings): $180,664.12
Building Features & Highlights
* Fully climate-controlled on each floor
* Two loading-dock gate doors
* Drive in 8,000 LB Capacity Freight elevator to each floor
* Passenger elevator & 2 Staircases
* Gated side yard for parking / outdoor storage
* Efficient multi-story warehouse or storage configuration