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Mixed-Use Retail and Office Building
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1451 Westchester Ave, Bronx, NY 10472

New retail development includes a full basement with 9-foot ceilings and an elevator serving basement through the second floor.

Property Size3,797 SF
Days on Market822

Property Features for 1451 Westchester Ave

General Information

Standard status Active
Size 3,797 SF
Property subtype RETAIL
Listing Agency: RIPCO Real Estate - Queens
Listed By: Michelle Abramov
Source: Moodyscre
Added: May 2, 2024 Changed: Jul 28 Last Checked: Aug 1 at 7:05AM

Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of RIPCO Real Estate - Queens

Investment Insights

Based on property information with market context.

New retail development at 1451 Westchester Ave includes a full basement with 9-foot ceilings. The building is supported by an elevator running from the basement up through the second floor, with multiple egresses and staircases throughout.

The landlord is open to subdividing the space and/or leasing the building to a single user. The property is positioned near multiple subway lines, including the 2 and 5 at Freeman Street and a subway line at Elder Avenue.

With flexible layouts indicated for retail, medical, fitness, and education uses, the building is designed to accommodate a range of commercial tenants.

Key Highlights

  • Brand new retail development on Westchester Avenue with a full basement and 9‑foot ceilings
  • Elevator provides service from the basement through the 2nd floor
  • Flexible use for retail, medical, fitness, and education

Property Analytics

Current Use

Retail space

Suggested Use

Top Pick Law Firm Real Estate Agency Dental Office Gym & Fitness Center Skin Care Clinic Acupuncture

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

NNN (Triple Net)
Lease Type

Location Intelligence

Trade Area within ½ mile

2,604
Businesses Nearby

Demographics for 10472, NY

72,245
Population
24,259
Households
3
Avg Household Size
34
Median Age
14%
College-Educated
69%
High-School Grad
1.1 sq mi
ZIP Area
65,677
Density / Sq Mi
$43,125
Median Household Income
$35,180
Median Earnings
$1,445
Median Rent
$632,500
Median Home Value

Market

Lease Benchmarks for Bronx, NY

$61.06 /SF/Yr
Avg Asking Price
$28.51–$144 /SF/Yr
Price Range
7,934 SF
Avg Space Size

Vacancy Rate% for Office in Northeast region

13.1% 2019
15.4% 2020
17.6% 2021
19.1% 2022
20.2% 2023
20.9% 2024
19.9% 2025
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Frequently Asked Questions

What type of property is this?
Retail space - New retail development includes a full basement with 9-foot ceilings and an elevator serving basement through the second floor.
Where is this retail space located?
The property is located at 1451 Westchester Ave Bronx, NY.
What are key features of this property?
This property features: Brand new retail development on Westchester Avenue with a full basement and 9‑foot ceilings; Elevator provides service from the basement through the 2nd floor; Flexible use for retail, medical, fitness, and education
(718) 663-2652 Call to check price and availability
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