Renovated Two-Story Day Care
For Sale
$7,700,000
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 Market94
Property Features for 1451 Westchester Ave
General Information
Standard status
Active
Size
22,520 SF
Property subtype
Urban-High Street
Occupancy
100%
Amenities
±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 Feature Three Percent Annual Rent Escalations Providing Long-Term Income Growth. Upside in the Vacant Lower Level Allows an Investor to Realize Over an 8.1% CAP on the Asking Price.
Building Details
Building Size
22,520 SF
Year Built
1925
Buildings
1
Stories
2
Tenancy
Multi
Listing Agency:
New York City Office
Listed By:
Scott Plasky · License #License(s): NY: 40PL1176852
(212) 430-5229
Source:
Marcusmillichap
Added: Aug 3
Changed: Oct 25
Last Checked: Nov 3 at 3:09AM
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 New York City Office
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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
Estimated NOI and Cap Rate
NOI / Yr
$563,957
Cap Rate
7.32%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$11,279,140
$11.3M
Cap Rate 7%
$8,056,529
$8.1M
Cap Rate 9%
$6,266,189
$6.3M
Market Conditions
NOI Build-Up for 22,520 SF
Gross rent
$945.8K $42.00/SF
− Vacancy
−$193.9K −$8.61/SF
EGI
$751.9K $33.39/SF
− OpEx
−$188.0K −$8.35/SF
NOI
$564.0K $25.04/SF
Area
Bronx, NY
Vacancy
20.50%
Lease Rate
$42.00 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$11,279,140
Cap Rate 7%
$8,056,529
Cap Rate 9%
$6,266,189
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.
How Realmo checks its estimates
Property Analytics
Who owns this building?
See the owner, sales and loan history
Open Analytics
Current Use
Lease Details
100%
Occupancy
Multi-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
3,318
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
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Office in Northeast region
Similar Off Market Nearby
- Ready Set Learn — 830 Fox St, Bronx, NY 10459
- Little Angel’s Day Care — 842 Beck St Apt 1N, Bronx, NY 10459
- Mi Bebe Group family Daycare — 858 Fox St, Bronx, NY 10459
- Eleanor's Rainbow Day Care — 871 Hunts Point Ave, Bronx, NY 10474
- Belkis' Family Daycare — 887 Hunts Point Ave #1a, Bronx, NY 10474
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
