Want · Industrial
3PL operator needs last-mile warehouse
Posted by the tenant · Logistics
- Where
- South Bronx, Long Island City +1
- Size
- 15,000 to 30,000 SF
- Budget
- to $45/SF
- Move in
- Jan 2027
Loading dockDrive-in doors
Owners: got a fit?I have a fit
Factory and industrial building · South Bronx, Bronx
220 East 138th Street
Bronx, NY 10451
220 East 138th Street is a 2-floor factory and industrial building in the South Bronx, Bronx, built in 1931, with about 35,000 square feet of industrial and storage space according to city records.
Also at 200-244 Canal Street West and 214-220 East 138th Street.
- Industrial and storage space
- 35K SF
- Floors
- 2
- Year built
- 1931
- Zoning
- M1-4/R7X
The 42nd largest of the 42 industrial and storage buildings we track in the South Bronx. Compare it with 6 neighbors
No space at 220 East 138th Street is listed on Leasemark yet. Own or broker space here? List it free and it is matched against every active requirement the day it goes up, or import a spreadsheet of up to 50 spaces at once. Nothing free right now? Get tenant alerts for the South Bronx and hear the moment a tenant posts a requirement there.
Print a one-page profile of this building for a tour book or a client proposal.
Compared with its neighbors
How 220 East 138th Street compares
Next to the 6 nearest large industrial and storage buildings, all within a 5 minute walk, 220 East 138th Street is the smallest by industrial and storage floor area. It went up in 1931; the median neighbor dates from 1944. Its estimated property tax, about $2.11 a square foot of floor area before abatements, is below the neighbors' median of $3.99.
| Building | Industrial and storage space | Floors | Built | Tax / SF | Last sale |
|---|---|---|---|---|---|
| 220 East 138th Street | 35K SF | 2 | 1931 | $2.11 | Aug 2008, $5.3M |
| 215 Rider Avenue | 42K SF | 1 | 1965 | $4.48 | n/a |
| 175 Canal Street West | 38K SF | 1 | 1931 | $6.06 | Feb 2026, $9.8M |
| 2590 Park Avenue | 41K SF | 1 | 1958 | $3.51 | Dec 2016, $11M |
| 200 East 135th Street | 212K SF | 4 | 2000 | $6.74 | Aug 2012, $68.2M |
| 349 Rider Avenue | 54K SF | 6 | 1909 | $2.79 | n/a |
| 371 Rider Avenue | 48K SF | 4 | 1931 | $2.71 | 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
- 200-244 Canal Street West; 214-220 East 138th Street
- ZIP code
- 10451
- Building type
- Factory and industrial building (city class F5)
- Total floor area
- 42,462 SF
- Commercial floor area
- 42,462 SF
- Office
- 7,425 SF
- Industrial and storage
- 35,037 SF
- Height
- 2 floors
- Year built
- 1931
- Last major alteration
- 2007
- Lot area
- 37,900 SF
- Zoning district
- M1-4/R7X
- Built FAR
- 1.12
- Max commercial FAR
- 2
- Tax lot (BBL)
- 2023220081
Nearest subway
- 138 St-Grand Concourse
- 3 Av-138 St
- 149 St-Hostos
Source: NYC Department of City Planning, PLUTO 26v2, pulled 2026-10-05; addresses from the Property Address Directory (PAD) 26b; subway stations from the MTA Subway Stations dataset, pulled 2026-10-05. 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 CIGON LLC as the owner of record. For tax year 2026/27 the city values 220 East 138th Street at $4.61 million and assesses it at $2.07 million. After phase-ins and exemptions its taxable value is $824,790; at the Class 4 rate of 10.848% (tax year 2025/26, the latest rate the Department of Finance lists) that comes to about $89,473 a year before abatements, roughly $2.11 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
- CIGON LLC
- Tax class
- Class 4 (commercial and industrial)
- City market value
- $4,607,000
- Land market value
- $346,000
- Assessed value
- $2,073,150
- Taxable value (phased in)
- $2,062,470
- Exemptions
- $1,237,680
- Estimated yearly tax
- About $89,473
- Tax per SF of floor area
- About $2.11
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 2026-10-09; 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.
Own or manage 220 East 138th Street? List a space here free and we match it against every active requirement.
NYC property records (ACRIS)
Sales history
220 East 138th Street last sold in August 2008 for $5.25 million, according to the deed recorded with the city. CANAL PLACE REALTY LLC sold it to CIGON LLC. That comes to about $124 per square foot of floor area.
- Last sale (deed date)
- August 18, 2008
- Price
- $5,250,000
- Price per SF of floor area
- About $124
- Seller
- CANAL PLACE REALTY LLC
- Buyer
- CIGON LLC
- Deed recorded
- August 28, 2008
- ACRIS document
- 2008082101195001
Recorded sales
Source: NYC Department of Finance, ACRIS, Real Property Master, Legals and Parties, pulled 2026-10-09; 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.
Industrial and storage space nearby in the South Bronx
Nothing is listed nearby yet. The labeled examples below show how a space appears; they are not on the market.
What a requirement here looks like
No live requirements for industrial and storage space in the South Bronx yet. These labeled examples show what tenants post. List a space in 220 East 138th Street and we match it against every new one automatically.
Before you sign
Plain-English guides to square footage, rent and lease terms in New York, and free calculators to run your own numbers.
Tenant rep broker or going direct? Leasing in NYC
Should you hire a tenant rep broker or deal with landlords directly? Who pays commissions in NYC, what a tenant rep does, and how to choose one.
Gross vs net leases in NYC: what tenants actually pay
Gross, modified gross or triple net: how NYC leases split taxes, operating costs and electricity, what the asking rent leaves out, and how to compare two spaces fairly.
How to read a New York commercial lease, clause by clause
Walk through a New York commercial lease clause by clause: rent start, escalations, deposit and guaranty, use, alterations, subletting, default and the end of the term.
Questions about 220 East 138th Street
How big is 220 East 138th Street?
220 East 138th Street has about 42,000 square feet of floor area in total, including 7,000 square feet of office and 35,000 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 220 East 138th Street built?
City records list 1931 as the year built, with a major alteration recorded in 2007. The building is 2 floors tall.
What other addresses does 220 East 138th Street have?
City records list 200-244 Canal Street West and 214-220 East 138th Street on the same tax lot (BBL 2023220081) as 220 East 138th Street. A space listed on Leasemark at any of these addresses shows up on this page.
What is the ZIP code of 220 East 138th Street?
220 East 138th Street is in ZIP code 10451, according to the city's tax lot records (NYC PLUTO 26v2) and the Department of Finance's assessment roll. The full mailing address is 220 East 138th Street, Bronx, NY 10451, in the South Bronx.
What is the zoning at 220 East 138th Street?
The lot is in the M1-4/R7X zoning district. PLUTO lists a built floor area ratio (FAR) of 1.12 and a maximum commercial FAR of 2 for this lot.
What subway station is closest to 220 East 138th Street?
The closest subway station to 220 East 138th Street is 138 St-Grand Concourse (the 4 and 5 trains), about 550 feet away in a straight line, roughly 2 minutes on foot. Also nearby: 3 Av-138 St (the 6 train), 4 min walk; 149 St-Hostos (the 2, 4 and 5 trains), 9 min walk. Walking times are straight-line estimates; the street route is longer.
Who owns 220 East 138th Street?
The NYC Department of Finance's 2026/27 assessment roll lists CIGON LLC as the owner of record of 220 East 138th Street (BBL 2023220081). 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 220 East 138th Street last sold?
220 East 138th Street last sold in August 2008 for $5.25 million, according to the deed recorded with the city. CANAL PLACE REALTY LLC sold it to CIGON LLC. That comes to about $124 per square foot of floor area. The deed is ACRIS document 2008082101195001 (BBL 2023220081) 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.
What are the property taxes at 220 East 138th Street?
The Department of Finance's 2026/27 assessment roll lists a taxable value of $824,790 for 220 East 138th Street. At the Class 4 rate of 10.848% (tax year 2025/26, the latest rate the Department of Finance lists), that is about $89,473 a year, roughly $2.11 per square foot of floor area, before abatements such as ICAP. The city's property tax records for BBL 2023220081 show the actual bill.
What is the assessed value of 220 East 138th Street?
For tax year 2026/27, the NYC Department of Finance puts the market value of 220 East 138th Street at $4.61 million ($346,000 of it land) and its assessed value at $2.07 million, the 45% of market value the city assesses for Class 4 property. The city's market value fell 15% from 2022/23 ($5.4 million) to 2026/27.
Is there industrial and storage space for lease at 220 East 138th Street?
No space at 220 East 138th Street 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.
2,492 buildings from city records
Look up another building
Size, owner of record and property tax, plus the last sale and energy grade where the city has them, for every large office, retail and industrial building we track. Type any address on the lot (like 350 Fifth Avenue), a building name, a street or a neighborhood.
Most searched building pages
- 48 West 38th StreetMidtown
- 30-30 Thomson AvenueLong Island City
- 117 Duane StreetTribeca
- One Bryant Park1111 Avenue of the Americas, Midtown
- 242 West 36th StreetGarment District
- 310 Hudson StreetHudson Square
- 101 Avenue of the AmericasHudson Square
- 45 Main StreetDumbo
Ranked by how often Google showed each page in search results, Sep 7 to Oct 4, 2026.
South Bronx
Transit hubs in the South Bronx
- 2 4 5 at 149 St-Hostos
- 6 at 3 Av-138 St