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1120 Westchester Ave 1,859 SF 100% Leased Retail Building Bronx, NY 10459 $925,000 ($497.58/SF) 6.81% Cap Rate



INVESTMENT HIGHLIGHTS
- Revitalized and Growing Community
- Access to Bus Line
- Access to Retail, Services and Restaurants
- Heavy Foot Traffic
EXECUTIVE SUMMARY
Perfect time to own this beautifully commercial store/office and 1 family in the heart of the vibrant Bronx neighborhood. This mixed-use property showcases a perfect blend of commercial and residential possibilities, offering an exceptional opportunity for owners to build their dream business or bolster their investment portfolio. The ground floor reveals a vast commercial space currently generating $3800 in rent, ideal for a variety of retail or business activities. The high-visibility storefront and heavy foot traffic offer the perfect backdrop for your business, or just leave the existing Tenant there. Above, discover one residential 4 bedroom unit, currently earning $2300. These well-lit, spaciously laid-out units hold potential for an increased rental income of up to $3000, making this property a promising investment for steady rental income - pro income can be 6.36% CAP. Embodying a unique fusion of commercial and residential prospects, this property stands as a lucrative investment in the bustling local rental market. Don't miss out on the chance to capitalize on this dynamic mixed-use opportunity nestled in the sought-after Bronx locale!
PROPERTY FACTS
Sale Type
Investment
Property Type
Retail
Property Subtype
Storefront Retail/Residential
Building Size
1,859 SF
Building Class
C
Year Built
1940
Price
$925,000
Price Per SF
$497.58
Cap Rate
6.81%
NOI
$63,000
Percent Leased
100%
Tenancy
Multiple
Building Height
2 Stories
Building FAR
1.29
Lot Size
0.03 AC
Opportunity Zone
Yes
Zoning
R7-1 - medium density residential zoning distric
Frontage
78’ on Westchester Ave
AMENITIES
- Bus Line
- Metro/Subway
Walk Score®
Walker's Paradise (90)
Transit Score®
Rider's Paradise (100)
Bike Score®
Very Bikeable (82)
NEARBY MAJOR RETAILERS
PROPERTY TAXES
| Parcel Number | 02750-0011 | Improvements Assessment | $18,390 |
| Land Assessment | $4,325 | Total Assessment | $22,715 |
PROPERTY TAXES
Parcel Number
02750-0011
Land Assessment
$4,325
Improvements Assessment
$18,390
Total Assessment
$22,715
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Presented by
Empire State Group Realty
1120 Westchester Ave
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