Office building with commercial space · Concourse, Bronx

558 Grand Concourse

Bronx, NY 10451

558 Grand Concourse is a 4-floor office building with commercial space in Concourse, Bronx, built in 1937, with about 71,000 square feet of office space according to city records.

Also at 554-582 Grand Concourse.

Office space
71K SF
Floors
4
Year built
1937
Zoning
C4-4

Office space next to its nearest neighbors

  1. 151 East 151st Street4 min walk77K SF
  2. 558 Grand ConcourseThis building71K SF
  3. 349 East 149th Street8 min walk59K SF

The 5th largest of the 5 office buildings we track in Concourse. Compare it with 6 neighbors

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Compared with its neighbors

How 558 Grand Concourse compares

Next to the 6 nearest large office buildings, all within a 9 minute walk, 558 Grand Concourse ranks 3rd of 7 by office floor area. It went up in 1937; the median neighbor dates from 1930. Its estimated property tax, about $7.85 a square foot of floor area before abatements, is below the neighbors' median of $8.27.

558 Grand Concourse and the 6 nearest large office buildings: size, floors, year built, estimated property tax per square foot and last sale
BuildingOffice spaceFloorsBuiltTax / SFLast sale
558 Grand ConcourseThis building71K SF41937$7.85Jul 2025, $44M
151 East 151st Street4 min walk77K SF92008Exemptn/a
349 East 149th Street8 min walk59K SF101927$8.27n/a
305 Rider Avenue8 min walk74K SF41927$6.30n/a
362 Courtlandt Avenue9 min walk65K SF62020$9.58n/a
373 East 148th Street9 min walk53K SF31931$5.68n/a
384 East 149th Street9 min walk58K SF61930$9.13Feb 2011, $17.6M
The 5th largest of the 5 office buildings we track in Concourse: see the full list

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 address
554-582 Grand Concourse
ZIP code
10451
Building type
Office building with commercial space (city class O5)
Total floor area
175,316 SF
Commercial floor area
175,316 SF
Office
70,610 SF
Retail
58,475 SF
Height
4 floors
Year built
1937
Last major alteration
2016
Lot area
53,806 SF
Zoning district
C4-4
Built FAR
3.26
Max commercial FAR
3.4
Landmark status
Individual and interior landmark
Tax lot (BBL)
2024430400

Nearest subway

  • 149 St-Hostos1 min walk · Accessible station
  • 138 St-Grand Concourse9 min walk · Not accessible
  • 3 Av-149 St10 min walk · Accessible station

Nearby large buildings

All 6 large commercial buildings on Grand Concourse

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 BPO OWNER LLC as the owner of record. For tax year 2026/27 the city values 558 Grand Concourse at $30.5 million and assesses it at $13.7 million. After phase-ins and exemptions its taxable value is $12.7 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 $1.38 million a year before abatements, roughly $7.85 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
BPO OWNER LLC
Tax class
Class 4 (commercial and industrial)
City market value
$30,495,000
Land market value
$1,614,000
Assessed value
$13,722,750
Taxable value (phased in)
$12,679,950
Estimated yearly tax
About $1.38 million
Tax per SF of floor area
About $7.85

City market value by tax year

  • 2022/23$24.4 million
  • 2023/24$28.2 million
  • 2024/25$32 million
  • 2025/26$29.4 million
  • 2026/27$30.5 million

Market value rose 25% from 2022/23 ($24.4 million) to 2026/27.

How Concourse compares: property tax per SF across NYC neighborhoods

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

558 Grand Concourse last sold in July 2025 for $44 million, according to the deed recorded with the city. BRONX LANDMARK, LLC sold it to BPO OWNER LLC. That comes to about $251 per square foot of floor area.

Last sale (deed date)
July 3, 2025
Price
$44,000,000
Price per SF of floor area
About $251
Seller
BRONX LANDMARK, LLC
Buyer
BPO OWNER LLC
Deed recorded
July 16, 2025
ACRIS document
2025071000724001

Recorded sales

All 2 building sales in Concourse since 2016

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.

NYC energy benchmarking (Local Law 84)

Energy use and emissions

558 Grand Concourse'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 49.2 kBtu per square foot, 11% above the national median of 44.3 for a similar property. Its greenhouse gas emissions were about 708 metric tons of CO2e (4.6 kg per square foot).

ENERGY STAR score (2024)
None given
Property type (Portfolio Manager)
Mailing Center/Post Office
Site energy use intensity
49.2 kBtu/SF
National median for the type
44.3 kBtu/SF
Greenhouse gas emissions
708 t CO2e
Emissions per SF
4.6 kg CO2e
Floor area in the filing
175,316 SF

Energy sources in 2024

  • Electricity65%
  • Natural gas35%

Share of the energy used on site, as filed.

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 2026-10-03; grade cutoffs from the Department of Buildings energy grades page. Figures are as the owner filed them in ENERGY STAR Portfolio Manager.

NYC Department of Buildings permits

Work permits and build-outs

In the 12 months to October 2026, the Department of Buildings issued first permits for 1 job at 558 Grand Concourse. In the last two years, interior work was permitted on 3 floors (floors 1 to 3, the basement, the cellar and the penthouse). The newest build-out, on floors 1 to 3, the basement, the cellar, the penthouse and the roof, was first permitted in June 2026 (construction, plumbing, sprinklers, structural; filed cost estimate $26 million).

New jobs, last 12 months
1
Initial permits, last 12 months
4
Newest job first permitted
June 2026
Interior build-outs, last 24 months
1
Floors with interior work, last 24 months
1 to 3, basement, cellar, penthouse

Recent build-outs

  • Floors 1 to 3, basement, cellar, penthouse, roofJune 2026Construction, Plumbing, Sprinklers, Structural; est. $26 million

New jobs by year

  • 20210
  • 20222
  • 20230
  • 20240
  • 20250
  • 2026 to date1

Source: NYC Department of Buildings, DOB NOW: Build Approved Permits, pulled 2026-10-03 (permits issued through 2026-10-01). 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.

Landmarks Preservation Commission records

Architecture and history

558 Grand Concourse was designed by Thomas Harlan Ellett and built in 1935-1937 in the Modern Classical style. The Landmarks Preservation Commission designated Bronx Post Office, on this tax lot, a New York City landmark on November 25, 1975. The Commission also designated Bronx General Post Office Lobby, First Floor Interior, inside the building, an interior landmark on December 17, 2013.

Architect
Thomas Harlan Ellett
Constructed
1935-1937
Style
Modern Classical
Primary material
Gray brick
Built as
Post office
Landmark on this lot
Bronx Post Office: individual landmark, designated November 25, 1975 (LP-00837)
Inside the building
Bronx General Post Office Lobby, First Floor Interior: interior landmark, designated December 17, 2013 (LP-02552)

Source: NYC Landmarks Preservation Commission, Individual Landmark Sites, Designated and Calendared Buildings and Sites and Individual Landmark and Historic District Building Database on NYC Open Data, pulled 2026-10-03. A designation can cover part of a lot, such as a facade or a lobby interior.

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Questions about 558 Grand Concourse

How big is 558 Grand Concourse?

558 Grand Concourse has about 175,000 square feet of floor area in total, including 71,000 square feet of office and 58,000 square feet of retail, according to NYC PLUTO 26v2. These are the city's estimates for the whole building, not space that is available.

When was 558 Grand Concourse built?

The Landmarks Preservation Commission's building records date 558 Grand Concourse to 1935-1937, designed by Thomas Harlan Ellett. The building is 4 floors tall.

Who designed 558 Grand Concourse?

Thomas Harlan Ellett, according to the Landmarks Preservation Commission's building records, which list the style as Modern Classical and its original use as a post office.

Is 558 Grand Concourse a New York City landmark?

The tax lot at 558 Grand Concourse includes Bronx Post Office, an individual landmark designated November 25, 1975 (LP-00837) and Bronx General Post Office Lobby, First Floor Interior, an interior landmark designated December 17, 2013 (LP-02552). Changes to a designated landmark, including many storefront, window and signage changes, need a permit from the Landmarks Preservation Commission.

What other addresses does 558 Grand Concourse have?

City records list 554-582 Grand Concourse on the same tax lot (BBL 2024430400) as 558 Grand Concourse. A space listed on Leasemark at any of these addresses shows up on this page.

What is the ZIP code of 558 Grand Concourse?

558 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 558 Grand Concourse, Bronx, NY 10451, in Concourse.

What is the zoning at 558 Grand Concourse?

The lot is in the C4-4 zoning district. PLUTO lists a built floor area ratio (FAR) of 3.26 and a maximum commercial FAR of 3.4 for this lot.

What subway station is closest to 558 Grand Concourse?

The closest subway station to 558 Grand Concourse is 149 St-Hostos (the 2, 4 and 5 trains), about 200 feet away in a straight line, roughly 1 minute on foot. The MTA lists it as an accessible station. Also nearby: 138 St-Grand Concourse (the 4 and 5 trains), 9 min walk; 3 Av-149 St (the 2 and 5 trains), 10 min walk. Walking times are straight-line estimates; the street route is longer.

Who owns 558 Grand Concourse?

The NYC Department of Finance's 2026/27 assessment roll lists BPO OWNER LLC as the owner of record of 558 Grand Concourse (BBL 2024430400). 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 558 Grand Concourse last sold?

558 Grand Concourse last sold in July 2025 for $44 million, according to the deed recorded with the city. BRONX LANDMARK, LLC sold it to BPO OWNER LLC. That comes to about $251 per square foot of floor area. The deed is ACRIS document 2025071000724001 (BBL 2024430400) 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 558 Grand Concourse have an energy grade?

558 Grand Concourse'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 49.2 kBtu per square foot, 11% above the national median of 44.3 for a similar property. Its greenhouse gas emissions were about 708 metric tons of CO2e (4.6 kg per square foot).

Is there construction at 558 Grand Concourse?

In the 12 months to October 2026, the Department of Buildings issued first permits for 1 job at 558 Grand Concourse. In the last two years, interior work was permitted on 3 floors (floors 1 to 3, the basement, the cellar and the penthouse). The newest build-out, on floors 1 to 3, the basement, the cellar, the penthouse and the roof, was first permitted in June 2026 (construction, plumbing, sprinklers, structural; filed cost estimate $26 million). These are the Department of Buildings' DOB NOW work permits for tax lot 2024430400. A permit is approval to do the work; it does not say who the work is for or whether it is finished.

What are the property taxes at 558 Grand Concourse?

The Department of Finance's 2026/27 assessment roll lists a taxable value of $12.7 million for 558 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 $1.38 million a year, roughly $7.85 per square foot of floor area, before abatements such as ICAP. The city's property tax records for BBL 2024430400 show the actual bill.

What is the assessed value of 558 Grand Concourse?

For tax year 2026/27, the NYC Department of Finance puts the market value of 558 Grand Concourse at $30.5 million ($1.61 million of it land) and its assessed value at $13.7 million, the 45% of market value the city assesses for Class 4 property. The city's market value rose 25% from 2022/23 ($24.4 million) to 2026/27.

Is there office space for lease at 558 Grand Concourse?

No space at 558 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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