Self-storage building · Concourse, Bronx
391 Grand Concourse
Bronx, NY 10451
391 Grand Concourse is a 4-floor self-storage building in Concourse, Bronx, built in 1928, with about 60,000 square feet of industrial and storage space according to city records.
Also at 383 Grand Concourse and 391-393 Walton Avenue.
- Industrial and storage space
- 60K SF
- Floors
- 4
- Year built
- 1928
- Zoning
- C6-2A
The 6th largest of the 9 industrial and storage buildings we track in Concourse. Compare it with 6 neighbors
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Compared with its neighbors
How 391 Grand Concourse compares
Next to the 6 nearest large industrial and storage buildings, all within a 4 minute walk, 391 Grand Concourse ranks 4th of 7 by industrial and storage floor area. It went up in 1928; the median neighbor dates from 1928. Its estimated property tax, about $5.47 a square foot of floor area before abatements, is above the neighbors' median of $3.15.
| Building | Industrial and storage space | Floors | Built | Tax / SF | Last sale |
|---|---|---|---|---|---|
| 391 Grand Concourse | 60K SF | 4 | 1928 | $5.47 | n/a |
| 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 |
| 371 Rider Avenue | 48K SF | 4 | 1931 | $2.71 | n/a |
| 349 Rider Avenue | 54K SF | 6 | 1909 | $2.79 | n/a |
| 255 Exterior Street | 122K SF | 5 | 2006 | $3.70 | n/a |
| 2590 Park Avenue | 41K SF | 1 | 1958 | $3.51 | Dec 2016, $11M |
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
- 383 Grand Concourse; 391-393 Walton Avenue
- ZIP code
- 10451
- Building type
- Self-storage building (city class E7)
- Total floor area
- 60,200 SF
- Commercial floor area
- 60,200 SF
- Industrial and storage
- 60,200 SF
- Height
- 4 floors
- Average floor
- About 15,100 SF (floor area divided by floors)
- Year built
- 1928
- Last major alteration
- 2008
- Lot area
- 16,261 SF
- Zoning district
- C6-2A
- Built FAR
- 3.7
- Max commercial FAR
- 6
- Tax lot (BBL)
- 2023450022
Nearest subway
- 149 St-Hostos
- 138 St-Grand Concourse
- 3 Av-138 St
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 AREC 9, LLC as the owner of record. For tax year 2026/27 the city values 391 Grand Concourse at $7.96 million and assesses it at $3.58 million. After phase-ins and exemptions its taxable value is $3.03 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 $329,137 a year before abatements, roughly $5.47 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
- AREC 9, LLC
- Tax class
- Class 4 (commercial and industrial)
- City market value
- $7,961,000
- Land market value
- $325,000
- Assessed value
- $3,582,450
- Taxable value (phased in)
- $3,034,080
- Estimated yearly tax
- About $329,137
- Tax per SF of floor area
- About $5.47
City market value by tax year
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How to find who owns any NYC buildingSource: NYC Department of Finance, Property Valuation and Assessment Data (2026/27 roll; owner names as the roll records them, which cuts some long names short), pulled 2026-10-16; tax rate from the Department of Finance tax rates page, checked 2026-09-28. The estimate is the taxable value times the class rate. It leaves out abatements, payment-in-lieu-of-taxes agreements and charges, so the actual bill can differ.
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No industrial and storage space listed in Concourse yet
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How much is commercial rent in NYC? Per square foot, by borough
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$/SF/yr is a year's rent for one square foot. How to turn it into a monthly bill, spot a monthly quote, and see what the rate leaves out before you compare spaces.
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.
Questions about 391 Grand Concourse
How big is 391 Grand Concourse?
391 Grand Concourse has about 60,000 square feet of floor area in total, including 60,000 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 391 Grand Concourse built?
City records list 1928 as the year built, with a major alteration recorded in 2008. The building is 4 floors tall.
What other addresses does 391 Grand Concourse have?
City records list 383 Grand Concourse and 391-393 Walton Avenue on the same tax lot (BBL 2023450022) as 391 Grand Concourse. A space listed on Leasemark at any of these addresses shows up on this page.
What is the ZIP code of 391 Grand Concourse?
391 Grand Concourse 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 391 Grand Concourse, Bronx, NY 10451, in Concourse.
What is the zoning at 391 Grand Concourse?
The lot is in the C6-2A zoning district. PLUTO lists a built floor area ratio (FAR) of 3.7 and a maximum commercial FAR of 6 for this lot.
What subway station is closest to 391 Grand Concourse?
The closest subway station to 391 Grand Concourse is 149 St-Hostos (the 2, 4 and 5 trains), about 900 feet away in a straight line, roughly 3 minutes on foot. The MTA lists it as an accessible station. Also nearby: 138 St-Grand Concourse (the 4 and 5 trains), 4 min walk; 3 Av-138 St (the 6 train), 8 min walk. Walking times are straight-line estimates; the street route is longer.
Who owns 391 Grand Concourse?
The NYC Department of Finance's 2026/27 assessment roll lists AREC 9, LLC as the owner of record of 391 Grand Concourse (BBL 2023450022). 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 391 Grand Concourse?
The Department of Finance's 2026/27 assessment roll lists a taxable value of $3.03 million for 391 Grand Concourse. At the Class 4 rate of 10.848% (tax year 2025/26, the latest rate the Department of Finance lists), that is about $329,137 a year, roughly $5.47 per square foot of floor area, before abatements such as ICAP. The city's property tax records for BBL 2023450022 show the actual bill.
What is the assessed value of 391 Grand Concourse?
For tax year 2026/27, the NYC Department of Finance puts the market value of 391 Grand Concourse at $7.96 million ($325,000 of it land) and its assessed value at $3.58 million, the 45% of market value the city assesses for Class 4 property. The city's market value rose 31% from 2022/23 ($6.07 million) to 2026/27.
Is there industrial and storage space for lease at 391 Grand Concourse?
No space at 391 Grand Concourse 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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Concourse
Transit hubs in Concourse
- 4 B D at 161 St-Yankee Stadium
- 2 4 5 at 149 St-Hostos
- Metro-North at Yankees-E 153 St