1385-1393 Webster Ave - Storefront FOR SALE


Bronx, NY 10456- Claremont
$10,500,000 USD
718-360-8849
1385-1393 Webster Ave, Bronx, NY for Sale
$10,500,000 USD
Storefront - FOR SALE
1/15
null | 4.84% Cap Rate

1385-1393 Webster Ave
Bronx, NY 10456
Claremont


HIGHLIGHTS

  • 6 Commercial Spaces totaling 8,375 SF with 125 of frontage on Webster Ave.
  • Renovated storefronts and new roof
  • Each storefront is separately metered for utilities and tenant contribute to RE taxes and insurance, lowering expenses for new ownership
  • 56,363 Buildable SF with COY

OVERVIEW

Investment Property Realty Group (IPRG) has been exclusively retained to sell 1385-1395 Webster Avenue. The subject property is located at the intersection of East 170th Street in the Mount Eden neighborhood of the Bronx. The property offers 6 commercial spaces totaling 8,375 square feet with 125 feet of frontage on Webster Avenue that went through a complete renovation including new roof and storefronts. This stretch of Webster Avenue contains strong retail and high foot traffic. Located across the street is 6,500 apartments and multiple schools. Each storefront is separately metered for utilities and tenants contribute to real estate taxes and insurance, lowering expenses for new ownership. In addition, the property benefits from R7-1, C2-4 zoning which allows for up to 56,363 square feet of development rights. The property is located within walking distance to the B, D, & 4 subway lines as well as multiple bus routes and the Metro North Melrose station.

FOR SALE DETAILS

PRICE

$10,500,000 USD

PRICE/SF

$1,425 USD /SF

CAP RATE

4.84%

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Storefront

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1931

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.26 AC

LAND SF

11,326 SF

ZONING

R7-1, C2-4

APN/PARCEL ID

02887-0151

ASK ABOUT THIS PROPERTY

Brian DavilaInvestment Property Realty GroupMore Info
718-360-8849

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Brian DavilaInvestment Property Realty GroupMore Info
718-360-8849

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