Mixed-Use Building with Parking
840 Westchester Ave The Bronx, NY 10459
840 Westchester Ave The, Bronx, NY, 10459
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For Sale
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58,540 SF mixed-use building with 24,300 SF parking garage.
Property Size58,540 SF
Price / SF$341.65
Days on Market1019
Property Features for 840 Westchester Ave The
General Information
- Standard status
- Active
- Size
- 58,540 SF
- Property subtype
- Mixed Use, Office, Retail
Building Details
- Year Built
- 2007
Listing Agency
Brown Harris Stevens Garden City
(516) 203-8134
Listed by
David Sargoy · License #NY
Source
Crexi
Added: Oct 3, 2023 Checked: Jul 16 at 9:47 am
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 Brown Harris Stevens Garden City
Investment Insights
Based on property information with market context.
The property is a mixed-use building with 58,540 square feet of space across two floors. It includes a 24,300 square foot parking garage. The property is located on Block 2689, Lots 01-047-048.
Key Highlights
- Large building with 58,540 square feet across two floors.
- Dedicated 24,300 square feet parking garage.
- Relatively new construction, built in 2007.
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 | $2.46M | $42.00 |
| − Vacancy | −$504.0k | −$8.61 |
| EGI | $1.95M | $33.39 |
| − OpEx | −$488.7k | −$8.35 |
| NOI | $1.47M | $25.04 |
58,540 SF · lease $42.00/SF/yr · vacancy 20.50% · expense 25.00%
Alternative Uses
Best Use
Office B
$20.94M
$18.32M – $24.43M
NOI $1,465,988 @ 7.0% cap · market cap 7.33%
Second Best
Retail
$17.60M
$15.40M – $20.54M
NOI $1,232,290 @ 7.0% cap · market cap 6.16%
Theoretical Best
Warehouse
$40.56M
$35.49M – $47.32M
NOI $2,839,487 @ 7.0% cap · market cap 14.20%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Rite Aid
Pharmacy
Amazon Hub Locker ...
Postal Service
Western Union
Bank
Mohamed N. Elasshab, ...
Pharmacy
higi
Physician
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FAQs
What type of property is this?
Mixed-use property - 58,540 SF mixed-use building with 24,300 SF parking garage.
Where is this mixed-use property located?
The property is located at 840 Westchester Ave The Bronx, NY.
What is the asking price?
The asking price for this property is $20,000,000.
What are key features of this property?
This property features: Large building with 58,540 square feet across two floors.; Dedicated 24,300 square feet parking garage.; Relatively new construction, built in 2007.
