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8-Tenant Bronx Retail Strip Center 1480-1488 Westchester Ave 10,000 SF 100% Leased Retail Building Bronx, NY 10472 $11,015,353 CAD ($1,101.54 CAD/SF) 7.75% Cap Rate
Executive Summary
- Prime Corner Retail building 100% occupied with longer term tenants
- 10,000 SF with 8 tenants and future development with over 48,000 SF
- Net Income; $619k , Price: $7.98 million -- 7.8% CAP !!
- Immediate vicinity to the 6 subway station
CONTACT: Josh at JG@HIGHCAPGROUP.COM
- 10,000 SF with 8 tenants and future development with over 48,000 SF
- Net Income; $619k , Price: $7.98 million -- 7.8% CAP !!
- Immediate vicinity to the 6 subway station
CONTACT: Josh at JG@HIGHCAPGROUP.COM
Property Facts
Sale Type
Investment
Property Type
Retail
Property Subtype
Storefront
Building Size
10,000 SF
Building Class
C
Year Built
1935
Price
$11,015,353 CAD
Price Per SF
$1,101.54 CAD
Cap Rate
7.75%
NOI
$854,108 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
Major Tenants
- Tenant
- Industry
- SF Occupied
- Rent/SF
- Lease End
- 1484 Avenue Bakery Corp
- Manufacturing
- -
- -
- -
- Araujo Deli-Grocery
- -
- -
- -
- -
- Arauyo Grocery
- Retailer
- -
- -
- -
- Labeled Fresh
- -
- -
- -
- -
- Nacional Bakery
- -
- -
- -
- -
- R & D Multiservice
- -
- -
- -
- -
- Rapid Wireless
- Information
- -
- -
- -
- Rd Income Tax, Corp.
- Professional, Scientific, and Technical Services
- -
- -
- -
- Technologia
- Retailer
- -
- $67.64 CAD
- Apr 2029
- Zemgde Fashion
- Retailer
- -
- -
- -
| Tenant | Industry | SF Occupied | Rent/SF | Lease End | ||
| 1484 Avenue Bakery Corp | Manufacturing | - | - | - | ||
| Araujo Deli-Grocery | - | - | - | - | ||
| Arauyo Grocery | Retailer | - | - | - | ||
| Labeled Fresh | - | - | - | - | ||
| Nacional Bakery | - | - | - | - | ||
| R & D Multiservice | - | - | - | - | ||
| Rapid Wireless | Information | - | - | - | ||
| Rd Income Tax, Corp. | Professional, Scientific, and Technical Services | - | - | - | ||
| Technologia | Retailer | - | $67.64 CAD | Apr 2029 | ||
| Zemgde Fashion | Retailer | - | - | - |
Exceptionally walkable
100/100
Fairly drivable
50/100
Exceptional public transit
100/100
Moderately bikeable
70/100
Nearby Major Retailers
Property Taxes
| Parcel Number | 03738-0038 | Improvements Assessment | $1,042,193 CAD |
| Land Assessment | $186,971 CAD | Total Assessment | $1,229,164 CAD |
Property Taxes
Parcel Number
03738-0038
Land Assessment
$186,971 CAD
Improvements Assessment
$1,042,193 CAD
Total Assessment
$1,229,164 CAD
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8-Tenant Bronx Retail Strip Center | 1480-1488 Westchester Ave
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