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
Factory and industrial building · South Bronx, Bronx
Bronx, NY 10451
371 Rider Avenue is a 4-floor factory and industrial building in the South Bronx, Bronx, built in 1931, with about 48,000 square feet of industrial and storage space according to city records.
Also at 366 Canal Place, 231-239 East 141st Street and 363-371 Rider Avenue.
The 32nd largest of the 42 industrial and storage buildings we track in the South Bronx. Compare it with 6 neighbors
No space at 371 Rider Avenue 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.
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Compared with its neighbors
Next to the 6 nearest large industrial and storage buildings, all within a 6 minute walk, 371 Rider Avenue ranks 4th of 7 by industrial and storage floor area. It went up in 1931; the median neighbor dates from 1928. Its estimated property tax, about $2.71 a square foot of floor area before abatements, is below the neighbors' median of $3.15.
| Building | Industrial and storage space | Floors | Built | Tax / SF | Last sale |
|---|---|---|---|---|---|
| 371 Rider Avenue | 48K SF | 4 | 1931 | $2.71 | n/a |
| 349 Rider Avenue | 54K SF | 6 | 1909 | $2.79 | n/a |
| 2590 Park Avenue | 41K SF | 1 | 1958 | $3.51 | Dec 2016, $11M |
| 220 East 138th Street | 35K SF | 2 | 1931 | $2.11 | Aug 2008, $5.3M |
| 385 Gerard Avenue | 395K SF | 12 | 1923 | $5.48 | Oct 2012, $28.5M (2 lots) |
| 500 Gerard Avenue | 72K SF | 2 | 1926 | $2.55 | Aug 2006, $3.4M |
| 175 Canal Street West | 38K SF | 1 | 1931 | $6.06 | Feb 2026, $9.8M |
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
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
The Department of Finance lists CANAL/RIDER L.L.C. as the owner of record. For tax year 2026/27 the city values 371 Rider Avenue at $2.78 million and assesses it at $1.25 million. After phase-ins and exemptions its taxable value is $1.2 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 $130,453 a year before abatements, roughly $2.71 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.
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 371 Rider Avenue? List a space here free and we match it against every active requirement.
NYC energy benchmarking (Local Law 84)
371 Rider Avenue's 2024 Local Law 84 benchmarking filing got no ENERGY STAR score (no single use that ENERGY STAR scores covers more than half of the floor area), 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 98.1 kBtu per square foot. Its greenhouse gas emissions were about 514 metric tons of CO2e (7.68 kg per square foot). The filing covers 3 tax lots together, so these figures are for the whole property.
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 3 tax lots), pulled 2026-10-09; grade cutoffs from the Department of Buildings energy grades page. Figures are as the owner filed them in ENERGY STAR Portfolio Manager.
Local Law 97 of 2019, estimated
At its 2024 energy use, 371 Rider Avenue comes to about 499 metric tons of CO2e a year under Local Law 97's coefficients, against a limit of 507 tons for 2024 to 2029 (98% of the limit), so it would owe no penalty. From 2030 the limit drops to 95 tons and the same energy use counts as about 478 tons, about 383 tons over, or an estimated $103,000 a year unless the building cuts its emissions.
Estimated from the owner's 2024 Local Law 84 filing, which reports energy by source and floor area by use: Manufacturing/Industrial Plant 66,950 SF. It applies the coefficients and per-use limits in Department of Buildings rule 1 RCNY 103-14 and Administrative Code 28-320.3.1.1 (as the Department lists them) and the $268 per ton penalty, checked 2026-10-04. It is not the building's Local Law 97 report: that report can count renewable energy credits, solar and storage deductions and, for 2024 and 2025, the law's occupancy group limits where higher, and penalties can be reduced for good faith efforts. The filing covers 3 tax lots together, so these figures are for the whole property.
Change these numbers in the Local Law 97 calculator to see what a cut in energy use would do to the penalty.
Own or manage 371 Rider Avenue? List a space here free and we match it against every active requirement.
NYC Department of Buildings permits
The Department of Buildings issued no permits for new jobs at 371 Rider Avenue in the 12 months to October 2026; the last one was first permitted in February 2024.
Build-outs across the South BronxWhere NYC offices are being built out
Source: NYC Department of Buildings, DOB NOW: Build Approved Permits, pulled 2026-10-09 (permits issued through 2026-10-06). 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.
Nothing is listed nearby yet. The labeled examples below show how a space appears; they are not on the market.
No live requirements for industrial and storage space in the South Bronx yet. These labeled examples show what tenants post. List a space in 371 Rider Avenue and we match it against every new one automatically.
Posted by the tenant · Logistics
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371 Rider Avenue has about 48,000 square feet of floor area in total, including 48,000 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.
City records list 1931 as the year built. The building is 4 floors tall.
City records list 366 Canal Place, 231-239 East 141st Street and 363-371 Rider Avenue on the same tax lot (BBL 2023400204) as 371 Rider Avenue. A space listed on Leasemark at any of these addresses shows up on this page.
371 Rider Avenue 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 371 Rider Avenue, Bronx, NY 10451, in the South Bronx.
The lot is in the M1-2 zoning district. PLUTO lists a built floor area ratio (FAR) of 3.86 and a maximum commercial FAR of 2 for this lot.
The closest subway station to 371 Rider Avenue is 138 St-Grand Concourse (the 4 and 5 trains), about 0.2 miles away in a straight line, roughly 4 minutes on foot. Also nearby: 149 St-Hostos (the 2, 4 and 5 trains), 5 min walk; 3 Av-138 St (the 6 train), 6 min walk. Walking times are straight-line estimates; the street route is longer.
The NYC Department of Finance's 2026/27 assessment roll lists CANAL/RIDER L.L.C. as the owner of record of 371 Rider Avenue (BBL 2023400204). 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.
371 Rider Avenue's 2024 Local Law 84 benchmarking filing got no ENERGY STAR score (no single use that ENERGY STAR scores covers more than half of the floor area), 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 98.1 kBtu per square foot. Its greenhouse gas emissions were about 514 metric tons of CO2e (7.68 kg per square foot). The filing covers 3 tax lots together, so these figures are for the whole property.
At its 2024 energy use, 371 Rider Avenue comes to about 499 metric tons of CO2e a year under Local Law 97's coefficients, against a limit of 507 tons for 2024 to 2029 (98% of the limit), so it would owe no penalty. From 2030 the limit drops to 95 tons and the same energy use counts as about 478 tons, about 383 tons over, or an estimated $103,000 a year unless the building cuts its emissions. This is an estimate from the owner's 2024 benchmarking filing using the coefficients and per-use limits in the law and the Department of Buildings rule, at $268 per ton over. It is not the building's Local Law 97 report, which can count credits and deductions this estimate cannot.
The Department of Buildings issued no permits for new jobs at 371 Rider Avenue in the 12 months to October 2026; the last one was first permitted in February 2024. These are the Department of Buildings' DOB NOW work permits for tax lot 2023400204. A permit is approval to do the work; it does not say who the work is for or whether it is finished.
The Department of Finance's 2026/27 assessment roll lists a taxable value of $1.2 million for 371 Rider Avenue. At the Class 4 rate of 10.848% (tax year 2025/26, the latest rate the Department of Finance lists), that is about $130,453 a year, roughly $2.71 per square foot of floor area, before abatements such as ICAP. The city's property tax records for BBL 2023400204 show the actual bill.
For tax year 2026/27, the NYC Department of Finance puts the market value of 371 Rider Avenue at $2.78 million ($228,000 of it land) and its assessed value at $1.25 million, the 45% of market value the city assesses for Class 4 property. The city's market value fell 4% from 2022/23 ($2.89 million) to 2026/27.
No space at 371 Rider 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.
2,492 buildings from city records
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.
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