Bronx
Commercial space in Concourse
The Concourse area around East 161st Street is the Bronx's civic center, where the Bronx County Courthouse, the Bronx Hall of Justice and Yankee Stadium sit within a few blocks of the Grand Concourse. Its office buildings on 161st Street are among the largest in the borough, and the Gateway Center at Bronx Terminal Market, beside the Major Deegan Expressway on the Harlem River, is one of its biggest shopping centers.
- Commercial properties
- 167
- Office stock
- 2.6M SF
- Median year built
- 1938
- Known for
- Office, Retail, Industrial
Building figures are existing stock from NYC PLUTO 26v2 tax lot records, not space on the market. More below.
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NYC tax lot records
The building stock in Concourse
What already stands here, from the city's own property data. Useful for sizing a search before a single space is listed.
- Commercial properties
- 167
- Office space
- 2.6M SF
- Retail space
- 1.6M SF
- Built before 1940
- 51%
Largest office buildings
All 12 large commercial buildings in ConcourseAge, height and zoning
- Median year built: 1938.
- Median height: 3 floors.
- Most common zoning districts: R8 (45), C4-4 (32), M1-4/R8A (13). 14% of these lots are zoned for manufacturing.
- Historic districts: Grand Concourse Historic District (26 lots).
- 2 lots are designated city landmarks.
Source: NYC Department of City Planning, PLUTO 26v2, pulled 2026-10-03. Counts cover tax lots with commercial floor area within about 0.4 mi of Concourse's commercial core, and each lot counts toward one neighborhood only, so boundaries are approximate. Building figures are the city's floor-area estimates, not available space.
MTA station data
Subway stations in Concourse
Every station within about 0.5 mi of Concourse's commercial core, closest first. Stations joined by a free transfer count once.
- Stations
- 2
- Subway lines
- 5
- Fully accessible
- 2 of 2
- Closest
- 161 St-Yankee Stadium, 5 min walk
The 2 stations
- 161 St-Yankee Stadium
- 149 St-Hostos
Lines
The 2, 4, 5, B and D trains stop within about 0.5 mi of Concourse's core.
Step-free access
- 161 St-Yankee Stadium (4 B D) is fully accessible.
- 149 St-Hostos (2 4 5) is fully accessible.
Source: Metropolitan Transportation Authority, MTA Subway Stations, pulled 2026-10-03. Walking times are straight-line estimates from the nearest point of Concourse's commercial core (the same area as the building counts), so the street route is longer. Accessibility is the MTA's rating for the named station. PATH, LIRR, Metro-North and ferries are not in this data.
NYC property records (ACRIS)
Recent building sales in Concourse
2 sales of the large commercial buildings Leasemark tracks in Concourse have been recorded since 2016, $159.2 million in all.
Newest sales
Since 2016
- Largest: 260 East 161st Street, $115.2 million in December 2017.
- Newest deed on record: July 2025. The city's open data runs about a month behind.
Source: NYC Department of Finance, ACRIS, Real Property Master, Legals and Parties, pulled 2026-10-03; prices as the deeds state them, buyers named only when they are companies. These are sales of the large buildings Leasemark tracks, not every sale here: condo buildings (sold unit by unit), partial interests and sales of the company that owns a building are left out.
NYC Department of Finance
Commercial property taxes in Concourse
Of the 12 large commercial buildings Leasemark tracks in Concourse, 8 carry property tax on the city's 2026/27 assessment roll. Their median estimated tax is about $6.04 per square foot of floor area a year, before abatements.
Largest estimated bills
Across 8 taxed buildings
- The middle half pay between $2.86 and $8.35 a square foot of floor area a year.
- Bronx median: $6.10 a square foot, across 94 large buildings Leasemark tracks.
- Median market value on the roll: about $171 a square foot. That is the city's valuation for tax, not a sale price.
- 4 buildings are fully exempt, including Hostos Cc Gateway Building and 700 Exterior Street. Exemptions like these are common for government, nonprofit and PILOT properties.
36th highest of 48 NYC neighborhoods by tax per SFHow taxes show up in a lease
Source: NYC Department of Finance, Property Valuation and Assessment Data, 2026/27 roll, pulled 2026-10-03. Estimates are the taxable value after exemptions times the Class 4 rate of 10.848% (tax year 2025/26, the latest the city lists), divided by the building's floor area in PLUTO. They leave out abatements such as ICAP, payment-in-lieu-of-taxes agreements and charges, so actual bills differ. Large buildings only (50,000 SF and up in Bronx).
NYC Department of Buildings permits
Interior build-outs in Concourse
In the 12 months to October 2026, the Department of Buildings issued first permits for 8 interior build-outs in 7 of the 12 large commercial buildings Leasemark tracks in Concourse, with work permitted on 15 floors in all. Their filed cost estimates add up to about $33 million.
Most build-outs, last 12 months
- 58% of the buildings tracked here had a build-out, against 30% across the Bronx.
Source: NYC Department of Buildings, DOB NOW: Build Approved Permits, pulled 2026-10-03 (permits issued through 2026-10-01). A build-out groups interior jobs (construction, mechanical, plumbing, sprinklers and the like) on the same floors first permitted within 120 days of each other, dated by its first permit. Only the large buildings Leasemark tracks count (50,000 SF and up), not every permit in the neighborhood. Costs are the estimates filed with the jobs. A permit does not say who the work is for.
Before you sign
Plain-English guides to square footage, rent and lease terms in New York, and free calculators to run your own numbers.
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Gross vs net leases in NYC: what tenants actually pay
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Questions about Concourse
How much commercial space is there in Concourse?
New York City's PLUTO tax lot data (26v2) records about 11.2 million square feet of commercial floor area across 167 properties in the part of Concourse Leasemark covers, including about 2.6 million square feet of office and about 1.6 million square feet of retail. The largest office building by that measure is 198 East 161st Street, at about 310,000 square feet. That is the existing building stock, not space currently available.
What subway lines serve Concourse?
Two subway stations sit within about 0.5 mi of Concourse's commercial core, served by the 2, 4, 5, B and D trains. The closest is 161 St-Yankee Stadium (4 B D), roughly 5 minutes on foot; then 149 St-Hostos (2 4 5). Walking times are straight-line estimates from MTA station data.
Which subway stations in Concourse are accessible?
Both stations within about 0.5 mi of Concourse's commercial core are fully accessible, per the MTA: 161 St-Yankee Stadium (4 B D) and 149 St-Hostos (2 4 5).
When did a large commercial building in Concourse last sell?
The newest sale on record is 558 Grand Concourse, which sold in July 2025 for $44 million to BPO OWNER LLC, per the deed recorded with the city. 2 sales, $159.2 million in all, have been recorded of the large commercial buildings Leasemark tracks in Concourse since 2016.
How much are commercial property taxes in Concourse?
On the Department of Finance's 2026/27 assessment roll, the 8 large commercial buildings Leasemark tracks in Concourse that pay property tax come to a median of about $6.04 per square foot of floor area a year, with the middle half between $2.86 and $8.35. That is the taxable value after exemptions times the Class 4 rate of 10.848% (tax year 2025/26, the latest the city lists), before abatements such as ICAP. The largest estimated bill is 200 East 161st Street, about $5.21 million a year. 4 more buildings are fully exempt. Many office leases pass a tenant's share of increases over a base year through as additional rent.
How much build-out work is happening in Concourse?
In the 12 months to October 2026, the Department of Buildings issued first permits for 8 interior build-outs in 7 of the 12 large commercial buildings Leasemark tracks in Concourse, with work permitted on 15 floors in all. Their filed cost estimates add up to about $33 million. The most were at 200 East 161st Street (2 build-outs). A build-out here is interior work on the same floors (construction, mechanical, plumbing, sprinklers and the like) first permitted within 120 days. New interior work usually follows a lease, so it is a rough sign of where tenants are moving in, but a permit does not say who the work is for.
Do tenants in Concourse pay the NYC Commercial Rent Tax?
No. The Commercial Rent Tax only applies to space in Manhattan below 96th Street. It was repealed for Bronx, so a commercial lease in Concourse does not pay it at any rent.
Is it free to post on Leasemark?
Yes. Posting a space or a requirement is free. Contact details are only shared when both sides accept an intro.
Getting there
- 4 B D at 161 St-Yankee Stadium
- 2 4 5 at 149 St-Hostos
- Metro-North at Yankees-E 153 St