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Melrose Plaza

470 East 161st Street, Bronx, NY, US
Floors
4
Total Size
95,342 sqft

Features

Gym

About Melrose Plaza

Known as both Melrose Plaza and the Pyramid Reception Center, this commercial property is located at 470 East 161st Street in Bronx, New York. The building contains 4 stories above the street line and a total of over 61,000 square feet of rentable office space.

A former YMCA, this property still retains some of its original features, such as a gym. Each floor within 470 East 161st Street is spacious and includes high ceilings. Tall windows allow tenants to look over O'Neill Park, which is right across the street.

The tract of land on which 470 East 161st Street is set measures just under 1 acre in size and includes a rare luxury for New York properties: a gated and fenced parking lot for tenant, employee and customer use.

Trees surround the area around 470 East 161st Street, and there are benches in front of the property from which to take in the lovely views. The parking lot is fully illuminated by street lights, for tenant safety, and there are numerous public transit options within easy walking distance of the building.

Arched windows and doorways surround the first two stories of 470 East 161st Street, and the ground floor features a darker color of stone with distinct horizontal details. Above, the brown-hued brick gives the building a historic appearance.

Internet Providers for Melrose Plaza

Provider Technology Max Download Speed Max Upload Speed
Cablevision/Optimum Cable
1 Gb/s
25 Mb/s
MegaPath DSL
50 Mb/s
50 Mb/s
Verizon New York DSL
10 Mb/s
1.5 Mb/s

The Neighborhood: South Bronx

Most listings are in the $30's per square foot per year. The South Bronx submarket is going through a a rise in rates. In the last 3 months, the median rate went up $10 per sqft per year. That's a 36% increase in rent.

Compared to the rest of the New York City market, the South Bronx region has less expensive rates, so you should have no trouble finding a great deal in this discounted region.

Median Rate Median Size
South Bronx $38
/sqft/yr
1,940
sqft
Median Rate Median Size
New York City $66
/sqft/yr
3,300
sqft

Median Rate over Time in South Bronx