385 Gerard Avenue

385 Gerard Avenue has about 395,000 square feet of floor area in total, including 395,000 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 1923 as the year built, with a major alteration recorded in 2012. The building is 12 floors tall.

City records list 381-387 Gerard Avenue on the same tax lot (BBL 2023490090) as 385 Gerard Avenue. A space listed on Leasemark at any of these addresses shows up on this page.

385 Gerard 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 385 Gerard Avenue, Bronx, NY 10451, in Concourse.

The lot is in the M1-4/R8A zoning district. PLUTO lists a built floor area ratio (FAR) of 11.76 and a maximum commercial FAR of 2 for this lot.

The closest subway station to 385 Gerard Avenue is 149 St-Hostos (the 2, 4 and 5 trains), about 0.2 miles away in a straight line, roughly 4 minutes on foot. The MTA lists it as an accessible station. Also nearby: 138 St-Grand Concourse (the 4 and 5 trains), 5 min walk; 3 Av-138 St (the 6 train), 10 min walk. Walking times are straight-line estimates; the street route is longer.

385 Gerard Avenue last sold in October 2012 in a $28.5 million sale that covered 2 tax lots, this one among them, according to the deed recorded with the city. The seller of record was DEEGAN GATEWAY LLC. The deed is ACRIS document 2012101200327001 (BBL 2023490090) 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.

385 Gerard 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 10.4 kBtu per square foot, 39% below the national median of 17.1 for a similar property. Its greenhouse gas emissions were about 429 metric tons of CO2e (1.2 kg per square foot).

The Department of Buildings issued no permits for new jobs at 385 Gerard Avenue in the 12 months to October 2026; the last one was first permitted in August 2024. These are the Department of Buildings' DOB NOW work permits for tax lot 2023490090. 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 $20 million for 385 Gerard Avenue. At the Class 4 rate of 10.848% (tax year 2025/26, the latest rate the Department of Finance lists), that is about $2.16 million a year, roughly $5.48 per square foot of floor area, before abatements such as ICAP. The city's property tax records for BBL 2023490090 show the actual bill.

For tax year 2026/27, the NYC Department of Finance puts the market value of 385 Gerard Avenue at $66.5 million ($290,000 of it land) and its assessed value at $29.9 million, the 45% of market value the city assesses for Class 4 property. The city's market value rose 75% from 2022/23 ($37.9 million) to 2026/27.

Owners registered one storefront at 385 Gerard Avenue for December 31, 2024, the newest annual filing the city has published, and it was not 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.

No space at 385 Gerard 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.