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1838 Westchester Ave
Bronx, NY 10472
Retail Property For Sale
Investment Highlights
- Prime corner location
- Fully leased, mixed-use building
Executive Summary
RIPCO Real Estate has been retained on an exclusive basis to arrange for the sale of a free market 6-unit building located at 1838 Westchester Avenue ? Parkchester, Bronx, NY. Building comprised of two (2) storefronts and four (4) free-market apartments. Great visibility. Asset is conveniently located in the high foot and vehicular traffic area. Property generates strong cash flow with future end-user retail potential.
Property Facts
Sale Type
Investment
Property Type
Retail
Property Subtype
Storefront Retail/Residential
Building Size
5,850 SF
Building Class
C
Year Built
1920
Price
$5,001,120 CAD
Price Per SF
$854.89 CAD
Cap Rate
6.53%
NOI
$326,604 CAD
Percent Leased
100%
Tenancy
Multiple
Building Height
3 Stories
Building FAR
2.24
Lot Size
0.06 AC
Zoning
R5, Bronx, (S4) - Medium density district with a height limit of 40 feet
Frontage
31’ on Westchester Ave
Amenities
- Corner Lot
Property Taxes
| Parcel Number | 03765-0045 | Improvements Assessment | $244,482 CAD |
| Land Assessment | $74,993 CAD | Total Assessment | $319,475 CAD |
Property Taxes
Parcel Number
03765-0045
Land Assessment
$74,993 CAD
Improvements Assessment
$244,482 CAD
Total Assessment
$319,475 CAD
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