1852 Westchester Ave - Storefront Retail/Residential FOR SALE


Bronx, NY 10472- Soundview
$1,500,000 USD
347-802-3649
1852 Westchester Ave, Bronx, NY for Sale
$1,500,000 USD
Storefront Retail/Residential - FOR SALE
1/3
null | 6.37% Cap Rate

1852 Westchester Ave
Bronx, NY 10472
Soundview


HIGHLIGHTS

  • Fully occupied mixed-use building
  • Retail: active restaurant tenant
  • Residential: 3-bedroom apartment
  • NNN lease with 5-year base term + (2) 5-year options
  • Tenant responsible for all renovations
  • Strong in-place income with minimal management

OVERVIEW

Turnkey Mixed-Use Investment Opportunity | 1852 Westchester Ave, Bronx, NY 1852 Westchester Avenue presents a prime mixed-use asset in the heart of the Bronx. This fully renovated property features a ground-floor retail storefront currently operating as a restaurant, along with a spacious three-bedroom residential apartment above. The entire property is secured under a NNN lease, offering an investor true passive income with minimal landlord responsibilities. The initial lease term is 5 years, with two additional 5-year renewal options in place. Renovations were completed by the tenant, further reducing capital expenditure obligations. Located on a high-traffic corridor with excellent visibility and transit access, this property offers long-term stability in a strong and growing submarket.

FOR SALE DETAILS

PRICE

$1,500,000 USD

PRICE/SF

$484 USD /SF

CAP RATE

6.37%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Storefront Retail/Residential

ADD'L SUBTYPES

Restaurant, Storefront, Storefront Retail/Office

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1925

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.06 AC

LAND SF

2,614 SF

ZONING

R5

APN/PARCEL ID

03766-0047

ASK ABOUT THIS PROPERTY

Michael RaiaOzana Realty GroupMore Info
347-802-3649

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Michael RaiaOzana Realty GroupMore Info
347-802-3649

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