Bronx Retail/Office Building with
840 Westchester Avenue Bronx, NY 10459
For Sale
Contact for pricing
Two-story retail/office building with parking garage and development potential.
Property Size53,705 SF
Price / SF$372.40
Days on Market78
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 Agency:
Capri Industrial Partners
Listed By:
Joseph Barretta · License #10491212764
Source:
Crexi
Added: May 11
Changed: Jul 10
Last Checked: Jul 26 at 12:37PM
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.
Located on Westchester Avenue in the Bronx, NY, 840 Westchester Avenue is a two-story mixed-use building featuring retail and office spaces, along with an indoor parking garage with 74 car spaces. The property includes four units. Situated between Longwood Avenue and East 161st Street, the building offers 174 feet of combined frontage and direct access to the 2 and 5 subway lines. The building spans 53,705 gross square feet and includes two retail units, two office units, and a below-grade parking structure. Current tenants include Dollar Tree, Children's Health Fund, St. Dominic's Home, and Empire Parking. The property has 83,321 SF of unused air rights, allowing for a total buildable square footage of up to 137,026 SF with CF Bonus. The zoning is R7-1 / C1-4.
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.
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 |
53,705 SF · lease $42.00/SF/yr · vacancy 20.50% · expense 25.00%
Alternative Uses
Best Use
Industrial
$30.65M
$26.82M – $35.75M
NOI $2,145,266 @ 7.0% cap · market cap 10.73%
Second Best
Office B
$19.21M
$16.81M – $22.42M
NOI $1,344,907 @ 7.0% cap · market cap 6.72%
Theoretical Best
Warehouse
$37.21M
$32.56M – $43.42M
NOI $2,604,965 @ 7.0% cap · market cap 13.02%
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
FAQs
What type of property is this?
Mixed-use property - Two-story retail/office building with parking garage and development potential.
Where is this mixed-use property located?
The property is located at 840 Westchester Avenue 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: 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.
