1451 Westchester Avenue — Sale in Bronx, NY
- Price: Contact for price
- Listing type: For sale
- Asset type: Retail Business
- Location: Bronx, NY 10472
Photos
Investment Figures
- Cap rate
- 6.67%
Derived from the asking price and operating figures published for this listing. Informational only — not an appraisal, valuation or financial advice. Verify independently before relying on any figure.
Description
The subject offering is a 22,520-square-foot, two-story commercial building located on the corner of Westchester Avenue and Colgate Avenue in the Bronx. The property recently underwent a substantial multi-million-dollar renovation and features 80 feet of frontage along Westchester Avenue (Built 80’ x 100’). The property is anchored by Arcadia Children’s Day Care & Preschool, which recently executed a new 20-year lease for 5,500 square feet on the ground floor. The lease features three percent annual rent increases and runs through March 2045. This location represents Arcadia’s second facility in the Bronx. Genius Therapy occupies 2,010 square feet on the ground floor, in addition to the entire second floor. The tenant provides early intervention services for children throughout all five boroughs of New York City. Their lease runs through 2038 and includes three percent annual rent escalations. Additionally, the property includes a 7,500-square-foot lower-level space with a dedicated private entrance from Colgate Avenue. The space has recently been renovated and is positioned for future lease-up, providing investors with additional upside potential. The property sits on a 7,750-square-foot lot zoned R6/C2-2, with a total buildable area of approximately 23,250 square feet. This is a rare opportunity to acquire a fully renovated, cash-flowing commercial asset located along a major Bronx thoroughfare. The property benefits from strong visibility, proximity to neighborhood retailers, and convenient access to public transportation, including the nearby 6 Train Station (Elder Avenue). Investment Highlights: • ±22,520 SF Fully Renovated Two-Story Commercial Building Located on Westchester Avenue in the Bronx. This is a Corner Building That Just Completed a $4M+ Renovation • Anchored by Arcadia Children's Day Care & Preschool Under a New 20- Year Lease Through March 2045, and Genius Therapy Occupies Ground Floor and Entire Second Floor Under Lease Through 2038. • Leases Fe
Market Context
This retail in Bronx, NY is listed for sale. It is offered at an approximate 6.7% capitalization rate, a key benchmark for income-producing retail assets. Compare it against other retail listings for sale in Bronx, NY — view the full market.
Estimated Price per SF
$161.73/SF – $1,176/SF
Mid: $490.09/SF
About 8 in 10 recent recorded sales fell within a range this wide around the estimate. An automated estimate, not an appraisal.
Contact
- Scott Plasky
- Billy Stephan IV
Explore this market
Similar Retail Business for Sale in Bronx, NY
- Bronx Bank of America & Citibank — Contact for price · Bronx, NY
- 100 Occupied 8Tenant Retail Strip — Contact for price · Bronx, NY