Warehouse · South Bronx, Bronx
550 East 132nd Street
Bronx, NY 10454
550 East 132nd Street is a 1-floor warehouse in the South Bronx, Bronx, built in 1967, with about 98,000 square feet of industrial and storage space according to city records.
Also at 450-500 East 132nd Street.
- Industrial and storage space
- 98K SF
- Floors
- 1
- Year built
- 1967
- Zoning
- M3-1
The 16th largest of the 42 industrial and storage buildings we track in the South Bronx. Compare it with 6 neighbors
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Compared with its neighbors
How 550 East 132nd Street compares
Next to the 6 nearest large industrial and storage buildings, all within a 4 minute walk, 550 East 132nd Street ranks 3rd of 7 by industrial and storage floor area. It went up in 1967; the median neighbor dates from 1941. Its property tax is fully exempt on the city's assessment roll.
| Building | Industrial and storage space | Floors | Built | Tax / SF | Last sale |
|---|---|---|---|---|---|
| 550 East 132nd Street | 98K SF | 1 | 1967 | Exempt | Dec 2012, $10M |
| 120 Bruckner Boulevard | 104K SF | 6 | 1913 | $3.26 | n/a |
| 112 Bruckner Boulevard | 87K SF | 3 | 1924 | $7.29 | Dec 2012, $24.1M (2 lots) |
| 600 East 132nd Street | 45K SF | 1 | 1952 | $7.22 | n/a |
| 605 East 132nd Street | 38K SF | 5 | 1931 | $6.64 | Mar 2015, $2.7M |
| 620 East 132nd Street | 44K SF | 2 | 1954 | $3.97 | n/a |
| 2 St. Ann's Avenue | 566K SF | 2 | 2017 | Exempt | 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 address
- 450-500 East 132nd Street
- ZIP code
- 10454
- Building type
- Warehouse (city class E1)
- Total floor area
- 98,000 SF
- Commercial floor area
- 98,000 SF
- Industrial and storage
- 98,000 SF
- Height
- 1 floor
- Year built
- 1967
- Lot area
- 153,200 SF
- Zoning district
- M3-1
- Built FAR
- 0.64
- Max commercial FAR
- 2
- Tax lot (BBL)
- 2022600192
Nearest subway
- Brook Av
- Cypress Av
- 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 ALFAOMEGA PROPERTIES REALTY LLC as the owner of record. For tax year 2026/27 the city values 550 East 132nd Street at $7.95 million and assesses it at $3.58 million. Exemptions on the roll cover the whole taxable value, which is common for government, nonprofit and payment-in-lieu-of-taxes properties.
- Owner of record
- ALFAOMEGA PROPERTIES REALTY LLC
- Tax class
- Class 4 (commercial and industrial)
- City market value
- $7,950,000
- Land market value
- $1,701,000
- Assessed value
- $3,577,500
- Exemptions
- $3,577,500
- Estimated yearly tax
- Fully exempt on the roll
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. Exempt properties can still owe charges or payments in lieu of taxes that the roll does not show.
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NYC property records (ACRIS)
Sales history
550 East 132nd Street last sold in December 2012 for $10 million, according to the deed recorded with the city. UNITED STATES POSTAL SERVICE sold it to ALFAOMEGA PROPERTIES REALTY LLC. That comes to about $102 per square foot of floor area.
- Last sale (deed date)
- December 20, 2012
- Price
- $10,044,938
- Price per SF of floor area
- About $102
- Seller
- UNITED STATES POSTAL SERVICE
- Buyer
- ALFAOMEGA PROPERTIES REALTY LLC
- Deed recorded
- January 22, 2013
- ACRIS document
- 2013010301841001
Source: NYC Department of Finance, ACRIS, Real Property Master, Legals and Parties, pulled 2026-10-16; 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.
NYC energy benchmarking (Local Law 84)
Energy use and emissions
550 East 132nd Street'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 68 kBtu per square foot. Its greenhouse gas emissions were about 645 metric tons of CO2e (6.58 kg per square foot).
- ENERGY STAR score (2024)
- None given
- Property type (Portfolio Manager)
- Manufacturing/Industrial Plant
- Site energy use intensity
- 68 kBtu/SF
- Greenhouse gas emissions
- 645 t CO2e
- Emissions per SF
- 6.58 kg CO2e
- Floor area in the filing
- 98,000 SF
Energy sources in 2024
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), pulled 2026-10-16; grade cutoffs from the Department of Buildings energy grades page. Figures are as the owner filed them in ENERGY STAR Portfolio Manager.
No industrial and storage space listed in the South Bronx yet
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Before you sign
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How much is commercial rent in NYC? Per square foot, by borough
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Questions about 550 East 132nd Street
How big is 550 East 132nd Street?
550 East 132nd Street has about 98,000 square feet of floor area in total, including 98,000 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 550 East 132nd Street built?
City records list 1967 as the year built. The building is 1 floor tall.
What other addresses does 550 East 132nd Street have?
City records list 450-500 East 132nd Street on the same tax lot (BBL 2022600192) as 550 East 132nd Street. A space listed on Leasemark at any of these addresses shows up on this page.
What is the ZIP code of 550 East 132nd Street?
550 East 132nd Street is in ZIP code 10454, according to the city's tax lot records (NYC PLUTO 26v2) and the Department of Finance's assessment roll. The full mailing address is 550 East 132nd Street, Bronx, NY 10454, in the South Bronx.
What is the zoning at 550 East 132nd Street?
The lot is in the M3-1 zoning district. PLUTO lists a built floor area ratio (FAR) of 0.64 and a maximum commercial FAR of 2 for this lot.
What subway station is closest to 550 East 132nd Street?
The closest subway station to 550 East 132nd Street is Brook Av (the 6 train), about 0.3 miles away in a straight line, roughly 7 minutes on foot. Also nearby: Cypress Av (the 6 train), 9 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 550 East 132nd Street?
The NYC Department of Finance's 2026/27 assessment roll lists ALFAOMEGA PROPERTIES REALTY LLC as the owner of record of 550 East 132nd Street (BBL 2022600192). 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 550 East 132nd Street last sold?
550 East 132nd Street last sold in December 2012 for $10 million, according to the deed recorded with the city. UNITED STATES POSTAL SERVICE sold it to ALFAOMEGA PROPERTIES REALTY LLC. That comes to about $102 per square foot of floor area. The deed is ACRIS document 2013010301841001 (BBL 2022600192) 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.
Does 550 East 132nd Street have an energy grade?
550 East 132nd Street'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 68 kBtu per square foot. Its greenhouse gas emissions were about 645 metric tons of CO2e (6.58 kg per square foot).
What are the property taxes at 550 East 132nd Street?
The Department of Finance's 2026/27 assessment roll lists exemptions covering the whole taxable value of 550 East 132nd Street, so there is no property tax on the roll to estimate. That is common for government, nonprofit and payment-in-lieu-of-taxes (PILOT) properties. The city's property tax records for BBL 2022600192 show what is actually billed.
What is the assessed value of 550 East 132nd Street?
For tax year 2026/27, the NYC Department of Finance puts the market value of 550 East 132nd Street at $7.95 million ($1.7 million 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 50% from 2022/23 ($5.3 million) to 2026/27.
Is there industrial and storage space for lease at 550 East 132nd Street?
No space at 550 East 132nd 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.
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South Bronx
Transit hubs in the South Bronx
- 2 4 5 at 149 St-Hostos
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