840 Westchester Avenue Bronx, NY 10459
Two-story retail/office building with parking garage and development potential.
- Added:
- May 11, 2026
- Days on Market:
- 63
- Last Refresh:
- Jun 28 at 4:08 am
Property Features for 840 Westchester Avenue
General Information
- Standard status
- Active
- Size
- 53,705 SF
- Property subtype
- Retail, Office, Mixed Use
Building Details
- Year Built
- 2007
Listing office Capri Industrial Partners
Listing date May 11, 2026
Source Crexi
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 Capri Industrial Partners
Investment Insights
Based on property information with market context.
Key Highlights
- Prime location on Westchester Avenue retail corridor with high visibility and 174 feet of frontage.
- Direct access to the 2 and 5 subway lines.
- Significant development opportunity with 83,321 SF of unused air rights, allowing for up to 137,026 SF of buildable space with CF Bonus.
Local 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 | $2.26M | $42.00 |
| − Vacancy | −$462.4k | −$8.61 |
| EGI | $1.79M | $33.39 |
| − OpEx | −$448.3k | −$8.35 |
| NOI | $1.34M | $25.04 |
