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Deals & DealmakersRetail

Commissary a commodity for Crosstown Realty

A rare commissary space in the Bronx is being offered under a triple net lease by Crosstown Realty.

The 8,000 s/f property at 1039 East Gun Hill Road in Williamsbridge was previously occupied by Whitsons Food Service.

1039 East Gun Hill Road
1039 East Gun Hill Road

Whitsons, the 16th largest dining service provider in the United States, occupied the building for over a decade. According to Crosstown, the facility’s previous existence as a commissary offers certain advantages and is ideal for caterers, restauranteurs, and food producers of all types.

“It’s really built out for food production. There aren’t many buildings like that in the New York area that are available. There’s a huge demand for any production space and there are very few such spaces available,” said Crosstown Realty broker Ed

Bruckstein. “There are under a half dozen commissaries that are available right now that I’m aware of. In the 8,000 s/f range, there are only two or three. They are very unusual.”

Over the past few years, the inventory of industrial space in New York City has shrunk due to residential conversions.

This has resulted in the migration of firms to New Jersey, which has caused vacancy rates to drop in the state. According to commercial real estate firm Transwestern, the average asking rent for warehouses in the state was at $5.73 per s/f in the second quarter, up from $5.68 during the same period last year.

The Williamsbridge facility is said to have the capacity to produce 10,000 meals per day. According to Bruckstein, the space is available on a ten-year lease.

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