Somerset Real Estate LLC is pleased to announce it has been retained on an exclusive basis to arrange for the sale of 1321 Oak Point Ave located in the Hunts Point neighborhood of the Bronx. The 25,000 SF single-story industrial asset is located on the corner of Oak Point Ave between Bryant and Longfellow Avenues. This will be the first change of ownership in 30 years.
Situated in a strong industrial hub of the Bronx on a 25,000 SF lot, the Property is fully occupied by nine tenants and providing strong cash flow; moreover, all of the tenants are directly metered with exclusive curb cuts to provide for car/truck access.
The Owner currently occupies 12,500 SF of the newly altered building which boasts 22’ ceilings and is column free with drive-in access on Bryant Ave and loading access on Longfellow Ave. This half of the building can benefit a user or capture additional rental income.