Warehouse · Concourse, Bronx
500 Gerard Avenue
Bronx, NY 10451
500 Gerard Avenue is a 2-floor warehouse in Concourse, Bronx, built in 1926, with about 72,000 square feet of industrial and storage space according to city records.
Also at 480-500 Gerard Avenue, 491 Walton Avenue and 495 Walton Avenue.
- Industrial and storage space
- 72K SF
- Floors
- 2
- Year built
- 1926
- Zoning
- M1-4/R8A
The 3rd largest of the 4 industrial and storage buildings we track in Concourse. Compare it with 6 neighbors
No space at 500 Gerard 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 Concourse and hear the moment a tenant posts a requirement there.
Compared with its neighbors
How 500 Gerard Avenue compares
Next to the 6 nearest large industrial and storage buildings, all within a 15 minute walk, 500 Gerard Avenue ranks 5th of 7 by industrial and storage floor area. It went up in 1926; the median neighbor dates from 1927. Its estimated property tax, about $2.55 a square foot of floor area before abatements, is below the neighbors' median of $3.76.
| Building | Industrial and storage space | Floors | Built | Tax / SF | Last sale |
|---|---|---|---|---|---|
| 500 Gerard Avenue | 72K SF | 2 | 1926 | $2.55 | Aug 2006, $3.4M |
| 585 Gerard Avenue | 50K SF | 2 | 1913 | $2.85 | n/a |
| 385 Gerard Avenue | 395K SF | 12 | 1923 | $5.48 | Oct 2012, $28.5M (2 lots) |
| 349 Rider Avenue | 54K SF | 6 | 1909 | $2.79 | n/a |
| 10 Maj Wm Deegan Boulevard | 83K SF | 1 | 1931 | $2.87 | n/a |
| 200 East 135th Street | 212K SF | 4 | 2000 | $6.74 | Aug 2012, $68.2M |
| 391 Brook Avenue | 111K SF | 3 | 1931 | $4.66 | Sep 2010, $14.2M (2 lots) |
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 50,000 SF of the building's main use. Walking times are straight-line estimates.
NYC tax lot records
Building facts
- Other addresses
- 480-500 Gerard Avenue; 491 Walton Avenue; 495 Walton Avenue
- ZIP code
- 10451
- Building type
- Warehouse (city class E1)
- Total floor area
- 72,100 SF
- Commercial floor area
- 72,100 SF
- Industrial and storage
- 72,100 SF
- Height
- 2 floors
- Year built
- 1926
- Lot area
- 37,260 SF
- Zoning district
- M1-4/R8A
- Built FAR
- 1.94
- Max commercial FAR
- 2
- Tax lot (BBL)
- 2023500034
Nearest subway
- 149 St-Hostos
- 138 St-Grand Concourse
- 3 Av-138 St
Source: NYC Department of City Planning, PLUTO 26v2, pulled 2026-10-03; addresses from the Property Address Directory (PAD) 26b; subway stations from the MTA Subway Stations dataset, pulled 2026-10-03. 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 495 WALTON LLC as the owner of record. For tax year 2026/27 the city values 500 Gerard Avenue at $4.26 million and assesses it at $1.92 million. After phase-ins and exemptions its taxable value is $1.69 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 $183,665 a year before abatements, roughly $2.55 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
- 495 WALTON LLC
- Tax class
- Class 4 (commercial and industrial)
- City market value
- $4,259,000
- Land market value
- $559,000
- Assessed value
- $1,916,550
- Taxable value (phased in)
- $1,693,080
- Estimated yearly tax
- About $183,665
- Tax per SF of floor area
- About $2.55
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 2026-10-03; 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.
NYC property records (ACRIS)
Sales history
500 Gerard Avenue last sold in August 2006 for $3.35 million, according to the deed recorded with the city. The buyer of record was 495 WALTON LLC. That comes to about $46 per square foot of floor area.
- Last sale (deed date)
- August 31, 2006
- Price
- $3,350,000
- Price per SF of floor area
- About $46
- Buyer
- 495 WALTON LLC
- Deed recorded
- November 24, 2006
- ACRIS document
- 2006090700187001
Source: NYC Department of Finance, ACRIS, Real Property Master, Legals and Parties, pulled 2026-10-03; 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.
Before you sign
Plain-English guides to square footage, rent and lease terms in New York, and free calculators to run your own numbers.
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 500 Gerard Avenue
How big is 500 Gerard Avenue?
500 Gerard Avenue has about 72,000 square feet of floor area in total, including 72,000 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 500 Gerard Avenue built?
City records list 1926 as the year built. The building is 2 floors tall.
What other addresses does 500 Gerard Avenue have?
City records list 480-500 Gerard Avenue, 491 Walton Avenue and 495 Walton Avenue on the same tax lot (BBL 2023500034) as 500 Gerard Avenue. A space listed on Leasemark at any of these addresses shows up on this page.
What is the ZIP code of 500 Gerard Avenue?
500 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 500 Gerard Avenue, Bronx, NY 10451, in Concourse.
What is the zoning at 500 Gerard Avenue?
The lot is in the M1-4/R8A zoning district. PLUTO lists a built floor area ratio (FAR) of 1.94 and a maximum commercial FAR of 2 for this lot.
What subway station is closest to 500 Gerard Avenue?
The closest subway station to 500 Gerard Avenue is 149 St-Hostos (the 2, 4 and 5 trains), about 450 feet away in a straight line, roughly 2 minutes on foot. The MTA lists it as an accessible station. Also nearby: 138 St-Grand Concourse (the 4 and 5 trains), 7 min walk; 3 Av-138 St (the 6 train), 11 min walk. Walking times are straight-line estimates; the street route is longer.
Who owns 500 Gerard Avenue?
The NYC Department of Finance's 2026/27 assessment roll lists 495 WALTON LLC as the owner of record of 500 Gerard Avenue (BBL 2023500034). 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 500 Gerard Avenue last sold?
500 Gerard Avenue last sold in August 2006 for $3.35 million, according to the deed recorded with the city. The buyer of record was 495 WALTON LLC. That comes to about $46 per square foot of floor area. The deed is ACRIS document 2006090700187001 (BBL 2023500034) 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 500 Gerard Avenue?
The Department of Finance's 2026/27 assessment roll lists a taxable value of $1.69 million for 500 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 $183,665 a year, roughly $2.55 per square foot of floor area, before abatements such as ICAP. The city's property tax records for BBL 2023500034 show the actual bill.
What is the assessed value of 500 Gerard Avenue?
For tax year 2026/27, the NYC Department of Finance puts the market value of 500 Gerard Avenue at $4.26 million ($559,000 of it land) and its assessed value at $1.92 million, the 45% of market value the city assesses for Class 4 property. The city's market value rose 60% from 2022/23 ($2.67 million) to 2026/27.
Is there industrial and storage space for lease at 500 Gerard Avenue?
No space at 500 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.
1,935 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.
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