Factory and industrial building · Westchester Square, Bronx
1170 Commerce Avenue
Bronx, NY 10462
1170 Commerce Avenue is a 1-floor factory and industrial building in Westchester Square, Bronx, built in 1967, with about 103,000 square feet of industrial and storage space according to city records.
Also at 1160-1170 Commerce Avenue.
- Industrial and storage space
- 103K SF
- Floors
- 1
- Year built
- 1967
- Zoning
- M1-1
The 3rd largest of the 6 industrial and storage buildings we track in Westchester Square. Compare it with 4 neighbors
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Compared with its neighbors
How 1170 Commerce Avenue compares
Next to the 4 nearest large industrial and storage buildings, all within a 7 minute walk, 1170 Commerce Avenue ranks 2nd of 5 by industrial and storage floor area. It went up in 1967; the median neighbor dates from 1976. Its estimated property tax, about $6.07 a square foot of floor area before abatements, is above the neighbors' median of $5.63.
| Building | Industrial and storage space | Floors | Built | Tax / SF | Last sale |
|---|---|---|---|---|---|
| 1170 Commerce Avenue | 103K SF | 1 | 1967 | $6.07 | Apr 2022, $75.8M |
| 1231 Seabury Avenue | 67K SF | 1 | 1990 | $5.04 | Aug 2021, $29.5M |
| 1261 Seabury Avenue | 73K SF | 1 | 1963 | Exempt | Aug 2004, $5.3M |
| 1260 Zerega Avenue | 101K SF | 2 | 1960 | $5.63 | Dec 2017, $40M |
| 1037 Zerega Avenue | 112K SF | 3 | 2005 | $6.57 | Feb 2007, $26.8M (3 lots) |
Sources: NYC Department of City Planning, PLUTO 26v2 for size, floors and year built; NYC Department of Finance 2026/27 roll for tax (taxable value times the class rate, before abatements, over the whole floor area); ACRIS for the last deed that moved the whole lot for a real price (a price for several lots is their combined price; condominiums sell by the unit and show n/a). Large means at least 50,000 SF of the building's main use. Walking times are straight-line estimates.
NYC tax lot records
Building facts
- Other address
- 1160-1170 Commerce Avenue
- ZIP code
- 10462
- Building type
- Factory and industrial building (city class F4)
- Total floor area
- 103,000 SF
- Commercial floor area
- 103,000 SF
- Industrial and storage
- 103,000 SF
- Height
- 1 floor
- Year built
- 1967
- Last major alteration
- 2018
- Lot area
- 139,000 SF
- Zoning district
- M1-1
- Built FAR
- 0.74
- Max commercial FAR
- 1
- Tax lot (BBL)
- 2038380159
Nearest subway
- Zerega Av
- Westchester Sq-E Tremont Av
- Castle Hill Av
Source: NYC Department of City Planning, PLUTO 26v2, pulled 2026-10-03; addresses from the Property Address Directory (PAD) 26b; subway stations from the MTA Subway Stations dataset, pulled 2026-10-03. Floor areas are the city's estimates for the whole building, not available space. Walking times are straight-line estimates. How we build these pages. Something wrong on this page? Tell us.
NYC storefront registry (Local Law 157)
Storefronts and vacancy
Owners registered 2 storefronts at 1170 Commerce Avenue for December 31, 2024, the newest annual filing the city has published, and none stood vacant that day.
- Storefronts registered for December 31, 2024
- 2
- Vacant that day
- 0
- Share vacant across Westchester Square
- 3.8%
- Share vacant citywide
- 8.7%
Vacant on December 31, by year
Need a storefront in Westchester Square? Get matchedStorefront vacancy across New York City
Source: NYC Department of Finance, Storefronts Reported Vacant or Not (Local Law 157), annual filings for 2019 to 2024, pulled 2026-10-03. Owners of buildings with ground- or second-floor storefronts register each one every year with its status on December 31; counts are by tax lot, as the owners filed them. The 2024 filing was due June 3, 2025, so a storefront vacant then may have been leased since. A vacant storefront is not always on the market, and none here is listed on Leasemark unless it shows above.
NYC Department of Finance records
Owner, property tax and assessed value
The Department of Finance lists B9 COMMERCE OWNER LLC as the owner of record. For tax year 2026/27 the city values 1170 Commerce Avenue at $13.1 million and assesses it at $5.89 million. After phase-ins and exemptions its taxable value is $5.77 million; at the Class 4 rate of 10.848% (tax year 2025/26, the latest rate the Department of Finance lists) that comes to about $625,567 a year before abatements, roughly $6.07 per square foot of floor area. Commercial leases here often pass a tenant's share of tax increases over a base year through as additional rent.
- Owner of record
- B9 COMMERCE OWNER LLC
- Tax class
- Class 4 (commercial and industrial)
- City market value
- $13,084,000
- Land market value
- $1,390,000
- Assessed value
- $5,887,800
- Taxable value (phased in)
- $5,766,660
- Estimated yearly tax
- About $625,567
- Tax per SF of floor area
- About $6.07
City market value by tax year
Source: NYC Department of Finance, Property Valuation and Assessment Data (2026/27 roll; owner names as the roll records them, which cuts some long names short), pulled 2026-10-03; tax rate from the Department of Finance tax rates page, checked 2026-09-28. The estimate is the taxable value times the class rate. It leaves out abatements, payment-in-lieu-of-taxes agreements and charges, so the actual bill can differ.
NYC property records (ACRIS)
Sales history
1170 Commerce Avenue last sold in April 2022 for $75.8 million, according to the deed recorded with the city. THREE BOROUGHS L.L.C. sold it to B9 COMMERCE OWNER LLC. That comes to about $735 per square foot of floor area.
- Last sale (deed date)
- April 28, 2022
- Price
- $75,750,000
- Price per SF of floor area
- About $735
- Seller
- THREE BOROUGHS L.L.C.
- Buyer
- B9 COMMERCE OWNER LLC
- Deed recorded
- May 17, 2022
- ACRIS document
- 2022051000245002
Source: NYC Department of Finance, ACRIS, Real Property Master, Legals and Parties, pulled 2026-10-03; prices as the deeds state them, names as recorded (companies and public bodies only). Shown are deeds that move the whole lot for a real price. Transfers between related companies for a nominal sum, sales of partial interests, land sales before the building went up and sales of the company that owns a building are left out.
NYC energy benchmarking (Local Law 84)
Energy use and emissions
1170 Commerce Avenue's 2024 Local Law 84 benchmarking filing got no ENERGY STAR score (a campus of several buildings cannot get a score), and Local Law 33 letter grades come from that score, so the filing does not yield an A to D grade. Its site energy use came to 23.7 kBtu per square foot, 31% below the national median of 34.2 for a similar property. Its greenhouse gas emissions were about 269 metric tons of CO2e (1.67 kg per square foot). The filing covers 2 tax lots together, so these figures are for the whole property.
- ENERGY STAR score (2024)
- None given
- Property type (Portfolio Manager)
- Non-Refrigerated Warehouse
- Site energy use intensity
- 23.7 kBtu/SF
- National median for the type
- 34.2 kBtu/SF
- Greenhouse gas emissions
- 269 t CO2e
- Emissions per SF
- 1.67 kg CO2e
- Floor area in the filing
- 160,831 SF
- Tax lots in the filing
- 2
ENERGY STAR score by year
Energy sources in 2024
Source: NYC Department of Buildings and Mayor's Office of Climate and Environmental Justice, NYC Building Energy and Water Data Disclosure for Local Law 84 (2024 filing, one filing for 2 tax lots), pulled 2026-10-03; grade cutoffs from the Department of Buildings energy grades page. Figures are as the owner filed them in ENERGY STAR Portfolio Manager.
NYC Department of Buildings permits
Work permits and build-outs
In the 12 months to October 2026, the Department of Buildings issued first permits for 1 job at 1170 Commerce Avenue. In the last two years, interior work was permitted on one floor (floor 1). The newest build-out, on floor 1 and the roof, was first permitted in March 2026 (mechanical; filed cost estimate $20,000).
- New jobs, last 12 months
- 1
- Initial permits, last 12 months
- 1
- Newest job first permitted
- March 2026
- Interior build-outs, last 24 months
- 1
- Floors with interior work, last 24 months
- 1
Recent build-outs
New jobs by year
Build-outs across Westchester SquareWhere NYC offices are being built out
Source: NYC Department of Buildings, DOB NOW: Build Approved Permits, pulled 2026-10-03 (permits issued through 2026-10-01). A job counts once, when its first permit is issued; renewals are not new work. A build-out groups jobs on the same floors first permitted within 120 days of each other. Costs are the estimates filed with the jobs. Jobs filed before DOB NOW (in the older BIS system) are not counted. A permit is approval to do the work; it does not say who the work is for or whether it is finished.
Before you sign
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Questions about 1170 Commerce Avenue
How big is 1170 Commerce Avenue?
1170 Commerce Avenue has about 103,000 square feet of floor area in total, including 103,000 square feet of industrial and storage space, according to NYC PLUTO 26v2. These are the city's estimates for the whole building, not space that is available.
When was 1170 Commerce Avenue built?
City records list 1967 as the year built, with a major alteration recorded in 2018. The building is 1 floor tall.
What other addresses does 1170 Commerce Avenue have?
City records list 1160-1170 Commerce Avenue on the same tax lot (BBL 2038380159) as 1170 Commerce Avenue. A space listed on Leasemark at any of these addresses shows up on this page.
What is the ZIP code of 1170 Commerce Avenue?
1170 Commerce Avenue is in ZIP code 10462, according to the city's tax lot records (NYC PLUTO 26v2) and the Department of Finance's assessment roll. The full mailing address is 1170 Commerce Avenue, Bronx, NY 10462, in Westchester Square.
What is the zoning at 1170 Commerce Avenue?
The lot is in the M1-1 zoning district. PLUTO lists a built floor area ratio (FAR) of 0.74 and a maximum commercial FAR of 1 for this lot.
What subway station is closest to 1170 Commerce Avenue?
The closest subway station to 1170 Commerce Avenue is Zerega Av (the 6 train), about 0.4 miles away in a straight line, roughly 8 minutes on foot. Also nearby: Westchester Sq-E Tremont Av (the 6 train), 10 min walk; Castle Hill Av (the 6 train), 11 min walk. Walking times are straight-line estimates; the street route is longer.
Who owns 1170 Commerce Avenue?
The NYC Department of Finance's 2026/27 assessment roll lists B9 COMMERCE OWNER LLC as the owner of record of 1170 Commerce Avenue (BBL 2038380159). Big buildings are usually held through a company set up for that one property, so the name on the roll can differ from the landlord's brand or the managing agent. Deeds and mortgages for the lot are public in ACRIS, the city's property records system.
When was 1170 Commerce Avenue last sold?
1170 Commerce Avenue last sold in April 2022 for $75.8 million, according to the deed recorded with the city. THREE BOROUGHS L.L.C. sold it to B9 COMMERCE OWNER LLC. That comes to about $735 per square foot of floor area. The deed is ACRIS document 2022051000245002 (BBL 2038380159) in the city's property records. A sale of the company that owns a building is not recorded as a deed, so it would not show there.
Does 1170 Commerce Avenue have an energy grade?
1170 Commerce Avenue's 2024 Local Law 84 benchmarking filing got no ENERGY STAR score (a campus of several buildings cannot get a score), and Local Law 33 letter grades come from that score, so the filing does not yield an A to D grade. Its site energy use came to 23.7 kBtu per square foot, 31% below the national median of 34.2 for a similar property. Its greenhouse gas emissions were about 269 metric tons of CO2e (1.67 kg per square foot). The filing covers 2 tax lots together, so these figures are for the whole property.
Is there construction at 1170 Commerce Avenue?
In the 12 months to October 2026, the Department of Buildings issued first permits for 1 job at 1170 Commerce Avenue. In the last two years, interior work was permitted on one floor (floor 1). The newest build-out, on floor 1 and the roof, was first permitted in March 2026 (mechanical; filed cost estimate $20,000). These are the Department of Buildings' DOB NOW work permits for tax lot 2038380159. A permit is approval to do the work; it does not say who the work is for or whether it is finished.
What are the property taxes at 1170 Commerce Avenue?
The Department of Finance's 2026/27 assessment roll lists a taxable value of $5.77 million for 1170 Commerce Avenue. At the Class 4 rate of 10.848% (tax year 2025/26, the latest rate the Department of Finance lists), that is about $625,567 a year, roughly $6.07 per square foot of floor area, before abatements such as ICAP. The city's property tax records for BBL 2038380159 show the actual bill.
What is the assessed value of 1170 Commerce Avenue?
For tax year 2026/27, the NYC Department of Finance puts the market value of 1170 Commerce Avenue at $13.1 million ($1.39 million of it land) and its assessed value at $5.89 million, the 45% of market value the city assesses for Class 4 property. The city's market value rose 10% from 2022/23 ($11.9 million) to 2026/27.
Are there vacant storefronts at 1170 Commerce Avenue?
Owners registered 2 storefronts at 1170 Commerce Avenue for December 31, 2024, the newest annual filing the city has published, and none stood vacant that day. These are the owners' filings with the Department of Finance under Local Law 157, so a storefront may have come free since. Owners and brokers can list a storefront on Leasemark for free.
Is there industrial and storage space for lease at 1170 Commerce Avenue?
No space at 1170 Commerce Avenue is listed on Leasemark right now. Owners and brokers can list space here for free, and tenants can post a requirement to be matched when space opens up.
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