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Broadway Crossing 2 Office Properties Offered at $10,889,194 CAD in Bronx, NY
Executive Summary
LEASEHOLD INTEREST FOR SALE
• Prime 160k+ SF retail corner building of scale in the Marble Hill neighborhood of the Bronx
• 20 unit retail/office strip with over 235' of frontage on Broadway ^ 230th Street
• Current Weighted Average Lease Term of 12 Years
• Leasehold for sale with an additional 93 years remaining on the lease (including extension options)
• Neighboring National Tenants include Foot Locker, Target, Chick Fil A, Walgreens and Starbucks
• High quality & long term tenancy including multiple city agencies, medical tenants & non-profits
• Convenient proximity to transportation. the 231 Street 1-subway station is located just two blocks east and the Marble Hill North station is a few blocks to the south. The George Washington Bridge bus terminal is two blocks south on west 179th street
• Prime 160k+ SF retail corner building of scale in the Marble Hill neighborhood of the Bronx
• 20 unit retail/office strip with over 235' of frontage on Broadway ^ 230th Street
• Current Weighted Average Lease Term of 12 Years
• Leasehold for sale with an additional 93 years remaining on the lease (including extension options)
• Neighboring National Tenants include Foot Locker, Target, Chick Fil A, Walgreens and Starbucks
• High quality & long term tenancy including multiple city agencies, medical tenants & non-profits
• Convenient proximity to transportation. the 231 Street 1-subway station is located just two blocks east and the Marble Hill North station is a few blocks to the south. The George Washington Bridge bus terminal is two blocks south on west 179th street
Property Facts
| Price | $10,889,194 CAD | Status | Active |
| Price / SF | $73.78 CAD / SF | Number of Properties | 2 |
| Sale Condition | Ground Lease (Leasehold) | Individually For Sale | 0 |
| Cap Rate | 13.95% | Total Building Size | 147,598 SF |
| Sale Type | Investment | Total Land Area | 1.76 AC |
| Price | $10,889,194 CAD |
| Price / SF | $73.78 CAD / SF |
| Sale Condition | Ground Lease (Leasehold) |
| Cap Rate | 13.95% |
| Sale Type | Investment |
| Status | Active |
| Number of Properties | 2 |
| Individually For Sale | 0 |
| Total Building Size | 147,598 SF |
| Total Land Area | 1.76 AC |
Properties
| Property Name / Address | Property Type | Size | Year Built | Individual Price |
|---|---|---|---|---|
|
Broadway Crossing
188 W 230th St, Bronx, NY 10463 |
Office | 102,288 SF | 1969 | - |
|
5500 Broadway
5500 Broadway, Bronx, NY 10463 |
Office | 45,310 SF | 1921 | - |
1 1
(212) 544-9500
x12
Contacts
-
Victor Sozio -
Daniel Mahfar -
Shimon Shkury -
Michael Tortorici -
Ariel Property Advisors
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Broadway Crossing
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