Renovated Two-Story Day Care
For Sale
Contact for pricing
1451 WESTCHESTER AVE, Bronx, NY 10472
Fully renovated commercial property with long-term occupancy by a children’s day care and preschool and a therapy provider.
Property Size22,520 SF
Price / SF$341.92
Days on Market9
Property Features for 1451 WESTCHESTER AVE
General Information
Standard status
Active
Size
22,520 SF
Property subtype
Retail, Office
Zoning
R6/C2-2
Occupancy
100%
Lease Type
Modified
Building Details
Year Built
1925
Year Renovated
2025
Buildings
1
Stories
2
Units
2
Tenancy
Multi
Building Size
22,520 SF
Listing Agency:
Marcus & Millichap - Manhattan
(212) 430-5229
Listed By:
Scott Plasky · License #NY 40PL1176852
Source:
Crexi
Added: Jul 28
Changed: Aug 4
Last Checked: Aug 5 at 3:30PM
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 Marcus & Millichap - Manhattan
Investment Insights
Based on property information with market context.
This fully renovated, two-story commercial building contains 22,520 square feet and was originally constructed in 1925. The property is occupied by Arcadia Children’s Day Care & Preschool and Genius Therapy, with the day care and preschool operating under a lease extending through March 2045 and the therapy provider leasing the ground floor and entire second floor through 2038.
Located on Westchester Avenue in the Bronx, the building offers a fully leased commercial configuration with two established occupants. Lease agreements include 3% annual rent escalations, providing a defined schedule for contractual income growth. The property is zoned R6/C2-2.
Located on Westchester Avenue in the Bronx, the building offers a fully leased commercial configuration with two established occupants. Lease agreements include 3% annual rent escalations, providing a defined schedule for contractual income growth. The property is zoned R6/C2-2.
Key Highlights
- 22,520 SF fully renovated two‑story commercial building
- Arcadia Children’s Day Care & Preschool lease runs through March 2045
- Genius Therapy occupies the ground floor and entire second floor through 2038
Financial Insights For Office B
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $945.8k | $42.00 |
| − Vacancy | −$193.9k | −$8.61 |
| EGI | $751.9k | $33.39 |
| − OpEx | −$188.0k | −$8.35 |
| NOI | $564.0k | $25.04 |
22,520 SF · lease $42.00/SF/yr · vacancy 20.50% · expense 25.00%
Alternative Uses
Best Use
Office B
$8.06M
$7.05M – $9.40M
NOI $563,957 @ 7.0% cap · market cap 7.32%
Second Best
—
—
no second resolved use
Theoretical Best
Warehouse
$15.60M
$13.65M – $18.21M
NOI $1,092,334 @ 7.0% cap · market cap 14.19%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Lease Details
100%
Occupancy
Location Intelligence
Trade Area within ½ mile
2,604
Businesses Nearby
Well-served
Demand for This Use
Explore this area
Business Placement
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
Vacancy Rate% for Office in Northeast region
Questions? Ask Rey
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Similar Off Market Nearby
- Eleanor's Rainbow Day Care — 871 Hunts Point Ave, Bronx, NY 10474
- Little Angel’s Day Care — 842 Beck St Apt 1N, Bronx, NY 10459
- Belkis' Family Daycare — 887 Hunts Point Ave #1a, Bronx, NY 10474
- Mi Bebe Group family Daycare — 858 Fox St, Bronx, NY 10459
- Ready Set Learn — 830 Fox St, Bronx, NY 10459
Frequently Asked Questions
What type of property is this?
Day care center - Fully renovated commercial property with long-term occupancy by a children’s day care and preschool and a therapy provider.
Where is this day care center located?
The property is located at 1451 WESTCHESTER AVE Bronx, NY.
What is the asking price?
The asking price for this property is $7,700,000.
What are key features of this property?
This property features: 22,520 SF fully renovated two‑story commercial building; Arcadia Children’s Day Care & Preschool lease runs through March 2045; Genius Therapy occupies the ground floor and entire second floor through 2038
