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1940 Webster Ave 19,979 SF Retail Building Bronx, NY 10457 $11,665,400 CAD ($583.88 CAD/SF) 6.15% Cap Rate
Executive Summary
Cushman & Wakefield is pleased to announce that it has been retained on an exclusive basis to arrange for the sale of 1940 Webster Avenue, a NNN leased DaVita Kidney Care Center in the Tremont neighborhood of the Bronx. 1940 Webster Avenue is two-story 19,979 RSF medical building. The offering includes one tax lot plus a permanent easement across two lots, currently used as parking.
The property is located in a C4-5X zone which includes an R7X residential equivalent, boasting a 4.0 commercial FAR and a 5.0 residential FAR. Combined, the properties offer a total buildable square footage of ~81,000 SF as of right, and up to 95,778 buildable square feet with the UAP bonus.
The property is located in a C4-5X zone which includes an R7X residential equivalent, boasting a 4.0 commercial FAR and a 5.0 residential FAR. Combined, the properties offer a total buildable square footage of ~81,000 SF as of right, and up to 95,778 buildable square feet with the UAP bonus.
Property Facts
Sale Type
Investment NNN
Property Type
Retail
Property Subtype
Storefront Retail/Office
Building Size
19,979 SF
Building Class
C
Year Built/Renovated
1943/2015
Price
$11,665,400 CAD
Price Per SF
$583.88 CAD
Cap Rate
6.15%
NOI
$717,422 CAD
Tenancy
Single
Building Height
2 Stories
Building FAR
1.67
Lot Size
0.27 AC
Zoning
C4-5X - Regional commercial center located outside of the central business districts
Frontage
161’ on Webster Ave
Amenities
- Bus Line
Exceptionally walkable
100/100
Moderately drivable
60/100
Exceptional public transit
100/100
Moderately bikeable
60/100
Nearby Major Retailers
Property Taxes
| Parcel Number | 03027-0016 | Improvements Assessment | $2,483,359 CAD |
| Land Assessment | $116,307 CAD | Total Assessment | $2,599,667 CAD |
Property Taxes
Parcel Number
03027-0016
Land Assessment
$116,307 CAD
Improvements Assessment
$2,483,359 CAD
Total Assessment
$2,599,667 CAD
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1940 Webster Ave
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