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Industrial · New York, United States
Hunts Point Last-Mile Warehouse
Hunts Point, Bronx
The opportunity
Hunts Point Last-Mile Warehouse is small-bay logistics fully leased to three regional operators with nowhere comparable to relocate. Rents were set six years ago and every expiry marks up against submarket vacancy of 1.1%. The New York case: a five-borough bid that never fully clears and owners who prefer to trade quietly.
- Submarket vacancy at 1.1%
- Rents 26% below current asking
- 24' clear, six dock doors, 400A service