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1480-1488 Westchester Ave 10,000 SF 100% Leased Retail Building Bronx, NY 10472 $11,272,054 CAD ($1,127.21 CAD/SF) 7.10% Cap Rate
EXECUTIVE SUMMARY
A free standing one story building consists of 8 stores located on a very busy retail hub on Westchester Avenue, one block from entrance of the train, and minutes from the Sheridan Exp. & I-95. Property is fully occupied and provides investors with solid cash flow and further development opportunity of the 24k SF air rights on top of existing building.
PROPERTY FACTS
Sale Type
Investment
Property Type
Retail
Property Subtype
Storefront
Building Size
10,000 SF
Building Class
C
Year Built
1935
Price
$11,272,054 CAD
Price Per SF
$1,127.21 CAD
Cap Rate
7.10%
NOI
$799,862 CAD
Percent Leased
100%
Tenancy
Multiple
Building Height
1 Story
Building FAR
1.00
Lot Size
0.23 AC
Zoning
C4-2, Bronx, (K1)
Frontage
104’ on Westchester Ave
AMENITIES
- Bus Line
- Metro/Subway
Walk Score®
Walker's Paradise (93)
Transit Score®
Rider's Paradise (100)
Bike Score®
Very Bikeable (86)
NEARBY MAJOR RETAILERS
PROPERTY TAXES
| Parcel Number | 03738-0038 | Improvements Assessment | $1,012,602 CAD |
| Land Assessment | $190,139 CAD | Total Assessment | $1,202,742 CAD |
PROPERTY TAXES
Parcel Number
03738-0038
Land Assessment
$190,139 CAD
Improvements Assessment
$1,012,602 CAD
Total Assessment
$1,202,742 CAD
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1480-1488 Westchester Ave
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