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

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

Space SizeContact for details
Days on Market46

Property Features for 1451 Westchester Avenue The

General Information

Standard status Active
Property subtype Commercial
Listing Agency: RIPCO Real Estate
Listed By: Michelle Abramov
Source: Ripcony
Added: Jul 27 Changed: Sep 8 Last Checked: Sep 9 at 5:10AM

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

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

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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

3,318
Businesses Nearby
122k
Monthly Visits Nearby

Foot Traffic Nearby

Shops & Services 57% Dining 18% Groceries 12% Electronics 6%
Bank of America Shops & Services
20,365 visits/mo 0.4 miles
McDonald's Dining
16,241 visits/mo 0.3 miles
Associated Supermarkets Groceries
15,171 visits/mo 0.3 miles
Chase Bank Shops & Services
11,009 visits/mo 0.2 miles
BP Shops & Services
10,541 visits/mo 0.3 miles

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
Check the figures for this property Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics

Market

Lease Benchmarks for Bronx, NY

$69.46 /SF/Yr
Avg Asking Price
$29.14–$144 /SF/Yr
Price Range
5,449 SF
Avg Space Size

Vacancy Rate% for Retail in Northeast region

6% 2019
7.1% 2020
6.5% 2021
6% 2022
5.7% 2023
5.6% 2024
6% 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 Avenue The 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
More about this property
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