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.