509 Willis Ave
Bronx, NY 10455
Mott Haven
HIGHLIGHTS
- Located along Willis Avenue, a major commercial thoroughfare in the South Bronx, the property benefits from strong foot traffic and dense population
- The office-over-retail configuration reduces risk through tenant diversification and offering a balance between retail exposure and office stability
- Opportunity to increase rents and overall NOI through leasing vacant space, renewing below-market tenants, and upgrading office interiors to achieve
- C4-4 zoning has an R7-2 residential equivalent, presenting opportunity for future redevelopment or conversion to residential use
- Positioned in an area experiencing ongoing investment and redevelopment, offering long-term appreciation and potential for repositioning
- The 2 & 5 trains are just one block away, with access to Midtown Manhattan and Grand Central Terminal within 25 minutes
FOR SALE DETAILS
PRICE
$5,750,000 USD
PRICE/SF
$417 USD /SF
CAP RATE
5.91%
% LEASED
-
TENANCY
Multiple
SALE TYPE
Investment
BUILDING DETAILS
PROPERTY TYPE
Office
PROPERTY SUBTYPE
Medical
ADD'L SUBTYPES
Storefront, Storefront Retail/Office
TOTAL BUILDING SIZE
-
STORIES
8
BUILDING CLASS
C
YEAR BUILT
1900
SPRINKLERS
-
PARKING SPACES
-
LAND DETAILS
LAND ACRES
0.05 AC
LAND SF
2,365 SF
ZONING
C4-4 (R7-2)
APN/PARCEL ID
-
ASK ABOUT THIS PROPERTY
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914-584-7422
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Please correct the highlighted field(s).
914-584-7422
By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.
