Mixed-Use Building with Renovated
1800 WESTCHESTER AVE BRONX NY 10472-3008, Bronx, NY 10472
For Sale
Contact for pricing
Ground-floor dining space and upper-level residences create a property with both commercial and residential occupancy.
Property Size6,750 SF
Lot Size0.05 Acres
Price / SF$250.37
Days on Market55
Property Features for 1800 WESTCHESTER AVE BRONX NY 10472-3008
General Information
Standard status
Size
Lot size
Property subtype
Net Operating Income
Site & Location
Road Access
Public Transit
Additional Details
Cap Rate
Multifamily Units
Building Details
Buildings
Tenancy
Listing Agency:
Silber Investment Properties Ltd
Listed By:
C Park · License NY #10401280106
Source:
Crexi
Added: Sep 21
Changed: Nov 8
Last Checked: Nov 12 at 8:04AM
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 Silber Investment Properties Ltd
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Investment Insights
Based on property information with market context.
This mixed-use property contains approximately 6,750 SF of building area on a 2,375 SF lot. A renovated restaurant occupies the ground floor, with residential units above. The property has two commercial tenants and four residential units, with leases extending through 2030 and 2035. The reported cap rate is 7%.
Key Highlights
- Approximately 6,750 SF of building area on a 2,375 SF lot
- Renovated restaurant on the ground floor, with residences on upper floors
- Two commercial tenants and four residential units
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$155,275
Cap Rate
9.19%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$3,105,500
$3.1M
Cap Rate 7%
$2,218,214
$2.2M
Cap Rate 9%
$1,725,278
$1.7M
Market Conditions
NOI Build-Up for 6,750 SF
Gross rent
$299.7K $44.40/SF
− Vacancy
−$17.4K −$2.58/SF
EGI
$282.3K $41.82/SF
− OpEx
−$127.0K −$18.82/SF
NOI
$155.3K $23.00/SF
Area
Bronx, NY
Vacancy
5.80%
Lease Rate
$44.40 /SF/Yr
Expense Ratio
45.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$3,105,500
Cap Rate 7%
$2,218,214
Cap Rate 9%
$1,725,278
Alternative Uses
Best Use
Specialty Retail
$2.36M
$2.06M – $2.75M
NOI $164,936 @ 7.0% cap · market cap 9.76%
Second Best
Apartment 5plus
$2.22M
$1.94M – $2.59M
NOI $155,275 @ 7.0% cap · market cap 9.19%
Theoretical Best
Office A
$3.22M
$2.82M – $3.76M
NOI $225,452 @ 7.0% cap · market cap 13.34%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Who owns this building?
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Open Analytics
Current Use
Lease Details
4
Residential units
Multi-tenant
Tenancy
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
3,202
Businesses Nearby
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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
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
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Market
Properties on Market for Mixed-use properties in Bronx
Vacancy Rate% for Multifamily in Northeast region
Frequently Asked Questions
What type of property is this?
Mixed-use property - Ground-floor dining space and upper-level residences create a property with both commercial and residential occupancy.
Where is this mixed-use property located?
The property is located at 1800 WESTCHESTER AVE BRONX NY 10472-3008 Bronx, NY.
What is the asking price?
The asking price for this property is $1,690,000.
What are key features of this property?
This property features: Approximately 6,750 SF of building area on a 2,375 SF lot; Renovated restaurant on the ground floor, with residences on upper floors; Two commercial tenants and four residential units
