1150 Webster Ave - Storefront Retail/Office FOR SALE


Bronx, NY 10456- Morrisania
$10,500,000 USD
212-366-5034
1150 Webster Ave, Bronx, NY for Sale
$10,500,000 USD
Storefront Retail/Office - FOR SALE
1/12
null | 7.46% Cap Rate

1150 Webster Ave
Bronx, NY 10456
Morrisania


HIGHLIGHTS

  • Fully converted medical office building completed in 2018 with modern infrastructure.
  • Prime Bronx location, 0.5 miles from 167th Street subway station and near major thoroughfares.
  • Strong tenant mix of healthcare providers and pharmacy with 90% occupancy.
  • Long-term stability with a weighted average lease term of 9.3 years.
  • Attractive investment metrics: $10.5M price, 7.5% cap rate, and $325 per square foot.

OVERVIEW

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.

FOR SALE DETAILS

PRICE

$10,500,000 USD

PRICE/SF

$325 USD /SF

CAP RATE

7.46%

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Storefront Retail/Office

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1929

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.38 AC

LAND SF

16,341 SF

ZONING

M1-1

APN/PARCEL ID

02392-0020

ASK ABOUT THIS PROPERTY

Stephen WeberThe Heller OrganizationMore Info
212-366-5034

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Stephen WeberThe Heller OrganizationMore Info
212-366-5034

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.