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1940 Webster Ave 19,979 SF Retail Building Bronx, NY 10457 $8,500,000 ($425.45/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
$8,500,000
Price Per SF
$425.45
Cap Rate
6.15%
NOI
$522,750
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
Walk Score®
Walker's Paradise (92)
Transit Score®
Rider's Paradise (100)
Bike Score®
Very Bikeable (75)
Nearby Major Retailers
Property Taxes
| Parcel Number | 03027-0016 | Improvements Assessment | $1,825,570 |
| Land Assessment | $85,500 | Total Assessment | $1,911,070 |
Property Taxes
Parcel Number
03027-0016
Land Assessment
$85,500
Improvements Assessment
$1,825,570
Total Assessment
$1,911,070
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1940 Webster Ave
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