Warehouse · Hunts Point, Bronx
1340 Viele Avenue
Bronx, NY 10474
1340 Viele Avenue is a 1-floor warehouse in Hunts Point, Bronx, built in 1931, with about 260,000 square feet of industrial and storage space according to city records.
Also at 1341 Ryawa Avenue and 1320-1340 Viele Avenue.
- Industrial and storage space
- 260K SF
- Floors
- 1
- Year built
- 1931
- Zoning
- M3-1
The 4th largest of the 22 industrial and storage buildings we track in Hunts Point. Compare it with 6 neighbors
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Compared with its neighbors
How 1340 Viele Avenue compares
Next to the 6 nearest large industrial and storage buildings, all within a 9 minute walk, 1340 Viele Avenue ranks 3rd of 7 by industrial and storage floor area. Built in 1931, it is the oldest of them. Its estimated property tax, about $3.87 a square foot of floor area before abatements, is below the neighbors' median of $5.08.
| Building | Industrial and storage space | Floors | Built | Tax / SF | Last sale |
|---|---|---|---|---|---|
| 1340 Viele Avenue | 260K SF | 1 | 1931 | $3.87 | n/a |
| 1290 Viele Avenue | 41K SF | 1 | 1961 | $5.38 | Sep 2020, $14.5M |
| 1281 Viele Avenue | 40K SF | 1 | 1948 | $3.39 | Aug 2019, $13M |
| 1309 East Bay Avenue | 39K SF | 1 | 1953 | $5.14 | Aug 2010, $4.2M (2 lots) |
| 310 Tiffany Street | 40K SF | 2 | 1964 | $5.03 | May 2025, $10.3M |
| 440 Food Center Drive | 548K SF | 2 | 1973 | Exempt | n/a |
| 355 Food Center Drive | 675K SF | 2 | 1973 | Exempt | n/a |
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 35,000 SF of the building's main use. Walking times are straight-line estimates.
NYC tax lot records
Building facts
- Other addresses
- 1341 Ryawa Avenue; 1320-1340 Viele Avenue
- ZIP code
- 10474
- Building type
- Warehouse (city class E1)
- Total floor area
- 290,000 SF
- Commercial floor area
- 290,000 SF
- Office
- 30,000 SF
- Industrial and storage
- 260,000 SF
- Height
- 1 floor
- Year built
- 1931
- Last major alteration
- 1998
- Lot area
- 309,000 SF
- Zoning district
- M3-1
- Built FAR
- 0.94
- Max commercial FAR
- 2
- Tax lot (BBL)
- 2027770292
Nearest subway
- Longwood Av
Source: NYC Department of City Planning, PLUTO 26v2, pulled 2026-10-16; addresses from the Property Address Directory (PAD) 26b; subway stations from the MTA Subway Stations dataset, pulled 2026-10-16. 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 Department of Finance records
Owner, property tax and assessed value
The Department of Finance lists GP REAL ESTATE LLC as the owner of record. For tax year 2026/27 the city values 1340 Viele Avenue at $25.1 million and assesses it at $11.3 million. After phase-ins and exemptions its taxable value is $10.4 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 $1.12 million a year before abatements, roughly $3.87 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
- GP REAL ESTATE LLC
- Tax class
- Class 4 (commercial and industrial)
- City market value
- $25,101,000
- Land market value
- $1,941,000
- Assessed value
- $11,295,450
- Taxable value (phased in)
- $10,351,140
- Estimated yearly tax
- About $1.12 million
- Tax per SF of floor area
- About $3.87
City market value by tax year
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How to find who owns any NYC buildingSource: 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 2026-10-16; 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.
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No industrial and storage space listed in Hunts Point yet
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Tenant rep broker or going direct? Leasing in NYC
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Questions about 1340 Viele Avenue
How big is 1340 Viele Avenue?
1340 Viele Avenue has about 290,000 square feet of floor area in total, including 30,000 square feet of office and 260,000 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 1340 Viele Avenue built?
City records list 1931 as the year built, with a major alteration recorded in 1998. The building is 1 floor tall.
What other addresses does 1340 Viele Avenue have?
City records list 1341 Ryawa Avenue and 1320-1340 Viele Avenue on the same tax lot (BBL 2027770292) as 1340 Viele Avenue. A space listed on Leasemark at any of these addresses shows up on this page.
What is the ZIP code of 1340 Viele Avenue?
1340 Viele Avenue is in ZIP code 10474, according to the city's tax lot records (NYC PLUTO 26v2) and the Department of Finance's assessment roll. The full mailing address is 1340 Viele Avenue, Bronx, NY 10474, in Hunts Point.
What is the zoning at 1340 Viele Avenue?
The lot is in the M3-1 zoning district. PLUTO lists a built floor area ratio (FAR) of 0.94 and a maximum commercial FAR of 2 for this lot.
What subway station is closest to 1340 Viele Avenue?
No subway within a short walk of 1340 Viele Avenue: the nearest station is more than 1,600 meters away (about 20 minutes on foot before allowing for the street route). The closest subway station to 1340 Viele Avenue is Longwood Av (the 6 train), about 1.0 miles away in a straight line; the street route is longer.
Who owns 1340 Viele Avenue?
The NYC Department of Finance's 2026/27 assessment roll lists GP REAL ESTATE LLC as the owner of record of 1340 Viele Avenue (BBL 2027770292). 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.
What are the property taxes at 1340 Viele Avenue?
The Department of Finance's 2026/27 assessment roll lists a taxable value of $10.4 million for 1340 Viele Avenue. At the Class 4 rate of 10.848% (tax year 2025/26, the latest rate the Department of Finance lists), that is about $1.12 million a year, roughly $3.87 per square foot of floor area, before abatements such as ICAP. The city's property tax records for BBL 2027770292 show the actual bill.
What is the assessed value of 1340 Viele Avenue?
For tax year 2026/27, the NYC Department of Finance puts the market value of 1340 Viele Avenue at $25.1 million ($1.94 million of it land) and its assessed value at $11.3 million, the 45% of market value the city assesses for Class 4 property. The city's market value rose 24% from 2022/23 ($20.2 million) to 2026/27.
Is there industrial and storage space for lease at 1340 Viele Avenue?
No space at 1340 Viele 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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Hunts Point
Transit hubs in Hunts Point
- 6 at Hunts Point Av
- 6 at Longwood Av