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1852 Westchester Ave
Bronx, NY 10472
Retail Property For Sale
Investment Highlights
- Fully occupied mixed-use building
- Residential: 3-bedroom apartment
- Tenant responsible for all renovations
- Retail: active restaurant tenant
- NNN lease with 5-year base term + (2) 5-year options
- Strong in-place income with minimal management
Executive Summary
Turnkey Mixed-Use Investment Opportunity | 1852 Westchester Ave, Bronx, NY
1852 Westchester Avenue presents a prime mixed-use asset in the heart of the Bronx. This fully renovated property features a ground-floor retail storefront currently operating as a restaurant, along with a spacious three-bedroom residential apartment above.
The entire property is secured under a NNN lease, offering an investor true passive income with minimal landlord responsibilities. The initial lease term is 5 years, with two additional 5-year renewal options in place. Renovations were completed by the tenant, further reducing capital expenditure obligations.
Located on a high-traffic corridor with excellent visibility and transit access, this property offers long-term stability in a strong and growing submarket.
1852 Westchester Avenue presents a prime mixed-use asset in the heart of the Bronx. This fully renovated property features a ground-floor retail storefront currently operating as a restaurant, along with a spacious three-bedroom residential apartment above.
The entire property is secured under a NNN lease, offering an investor true passive income with minimal landlord responsibilities. The initial lease term is 5 years, with two additional 5-year renewal options in place. Renovations were completed by the tenant, further reducing capital expenditure obligations.
Located on a high-traffic corridor with excellent visibility and transit access, this property offers long-term stability in a strong and growing submarket.
Property Facts
Sale Type
Investment NNN
Property Type
Retail
Property Subtype
Building Size
3,100 SF
Building Class
C
Year Built
1925
Price
$2,040,480 CAD
Price Per SF
$658.22 CAD
Cap Rate
6.37%
NOI
$129,979 CAD
Tenancy
Single
Building Height
2 Stories
Building FAR
1.19
Lot Size
0.06 AC
Zoning
R5 - Serves as a transitional zone between lower-density R3/R4 districts and higher-density R6+ areas
Property Taxes
| Parcel Number | 03766-0047 | Improvements Assessment | $204,555 CAD |
| Land Assessment | $56,109 CAD | Total Assessment | $260,665 CAD |
Property Taxes
Parcel Number
03766-0047
Land Assessment
$56,109 CAD
Improvements Assessment
$204,555 CAD
Total Assessment
$260,665 CAD
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