1480-1488 Westchester Ave - Storefront FOR SALE


Bronx, NY 10472- Soundview
$7,995,000 USD
718-812-6644
1480-1488 Westchester Ave, Bronx, NY for Sale
$7,995,000 USD
Storefront - FOR SALE
1/4
null | 7.53% Cap Rate

1480-1488 Westchester Ave
Bronx, NY 10472
Soundview


HIGHLIGHTS

  • Heavy foot traffic
  • Great exposure under subway
  • busy retail corridor

OVERVIEW

8 store taxpayers located on a very busy retail Westchester Ave in the Bronx, underneath the train and 2 blocks from Sheridan and the Bruckner expressways. It is fully occupied with tenants paying on time. All leases have annual increases and tenants pay their share of taxes and all utilities. The existing property consists of 10,020 SF and has buildable air rights of 24,048 SF which makes it suitable for builders/ investors.

FOR SALE DETAILS

PRICE

$7,995,000 USD

PRICE/SF

$800 USD /SF

CAP RATE

7.53%

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Storefront

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1935

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.23 AC

LAND SF

10,019 SF

ZONING

C4-2, Bronx, (K1)

APN/PARCEL ID

03738-0038

ASK ABOUT THIS PROPERTY

Robbie SalamehMega Realty Group,LLCMore Info
718-812-6644

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Robbie SalamehMega Realty Group,LLCMore Info
718-812-6644

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.