Webster Medical Plaza 1150 Webster Ave 32,000 SF 100% Leased Retail Building Bronx, NY 10456 $9,980,000 ($311.88/SF) 6.30% Cap Rate

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INVESTMENT HIGHLIGHTS

100% Occupancy By (6) Medical Tenants
Located .5 Miles from 167th Street Subway Stop
50% of Taxes Reimbursed by Tenants

Converted in 2018 From Multi-Story Parking to Medical
Weighted Average Lease Term of 9.3 Years
90% Occupancy (Average) Since 2018

EXECUTIVE SUMMARY

Landair Property Advisors has been hired to sell Webster Medical Plaza, located at 1150 Webster Avenue, Bronx, NY 10456. The property is a 32,340 square foot two-story building situated on a 16,341 square foot lot. Currently, the property is fully leased with six robust medical tenants, contributing to a stable and high-performing investment opportunity. Originally constructed as a parking garage, the property was converted into a modern medical facility in 2014. This adaptive reuse allowed for the creation of large, flexible floor plates ideal for healthcare tenants and reflects longterm institutional demand in the area. The building’s structural capacity and layout, inherited from its former use, support heavy utility loads and high foot traffic—key advantages for medical occupancy. Located just .5 miles from the 167th St subway stop, 1150 Webster Avenue benefits from high pedestrian traffic and excellent accessibility, enhancing it’s value as a retail destination. This property represents an exceptional opportunity for investors seeking a low-maintenance, high-yield asset with potential for future growth in a prime urban location.

1150 Webster Ave OM 2