1150 Webster Ave 32,340 SF 100% Leased Retail Building Bronx, NY 10456 $10,500,000 ($324.68/SF) 7.46% Cap Rate

Webster Medical Plaza presents a prime investment opportunity in the heart of the Bronx healthcare corridor. This 32,340-square-foot medical office building is strategically located at 1150 Webster Avenue, just 0.5 miles from the 167th Street subway station, ensuring excellent accessibility for patients and staff. The property underwent a full conversion in 2018, transforming it into a modern medical facility designed to meet the growing demand for healthcare services in the area.
The asset is currently 90% occupied by a strong mix of medical tenants, including Heritage Medical, Cardiology Unlimited, and a full-service pharmacy, providing stable, long-term income. With a weighted average lease term of 9.3 years, investors benefit from predictable cash flow and minimal near-term rollover risk.
Financially, the property offers a compelling profile with a sale price of $10,500,000, representing $325 per square foot and a 7.5% capitalization rate. The building generates approximately $1,000,335 in gross income and $783,327 in net income, supported by an effective gross income of $955,092 and net operating income of $731,502 after expenses.
Located within an M1-1 zoning district, the property is well-positioned for continued medical use and potential future redevelopment. Its proximity to major transportation routes, dense residential neighborhoods, and established healthcare providers makes Webster Medical Plaza a rare, high-quality medical investment in a thriving urban market.