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    809 Westchester Ave The Bronx, NY 10455

    Sponsored
    For Sale
    Contact for pricing

    Prime Bronx location, high-traffic retail, redevelopment potential.

    Property size:
    87,120 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    392
    This exceptional mixed-use property at 809 Westchester Avenue in the Bronx, New York, presents a compelling investment opportunity. The 18,190 square foot lot boasts 200 feet of frontage along the bustling Westchester Avenue, a major retail thoroughfare with high foot traffic and a diverse mix of established national and local businesses. The property currently features a 72,760 square foot, three-story commercial building, offering investors the chance to either renovate and reposition the existing structure or pursue new development. Zoned R6/C1-4, the site allows for significant expansion, with 54,450 buildable square feet as-of-right and a potential 87,120 square feet under community facility zoning. Its prime corner location at the intersection of Prospect and Westchester Avenues provides exceptional visibility and accessibility, further enhanced by its proximity to the 2 and 5 subway lines. Recent developments in the area have achieved impressive rental rates, averaging $61 per square foot, highlighting the strong market demand and potential for significant returns. Built in 1925 and renovated in 2013, this property offers a unique blend of history and modern potential, making it an ideal investment for developers and investors seeking a high-impact project in a rapidly growing area. The total square footage of the building is 87,120.

    Property Features for 809 Westchester Ave

    General Information

    Property type
    Mixed-use properties
    Square Feet
    87,120 SF
    Lot Size
    792,356,400 SF

    Building Details

    Year Built/Renovated
    1925/2013

    HighLights

    • Corner lot, 18,190 SF, 200' frontage on Westchester Ave; 54,450 SF (as‑of‑right) & 87,120 SF (community facility) buildable.
    • 18,190 SF lot with 200' of frontage on high‑traffic Westchester Avenue.
    • Existing 72,760 SF, three‑story commercial building; conversion/rehab opportunity.
    • High foot traffic location on Westchester Ave, with a strong mix of national and local tenants.
    • Prime corner location at Prospect & Westchester Aves, steps from the 2/5 subway lines.
    • Area new developments command average rents of $61/SF.
    Property Profile Location Intelligence

    Current Use by Public Records

    Osborne Association Social Services Organization La Fuente Addiction Treatment Center

    Suggested Use

    Law Firm Restaurant Realty agency Spa & Massage Dental Office Hair Salon Clothing Store Nail Salon Food Market Gym & Fitness

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    The Bronx
    County
    Bronx
    State
    New York
    Longitude
    -73.9027824
    Latitude
    40.8193139

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    FAQs

    What type of property is this?
    Mixed-use property - Prime Bronx location, high-traffic retail, redevelopment potential.
    Where is this mixed-use property located?
    The property is located at 809 Westchester Ave The Bronx, NY.
    What are key features of this property?
    This property features: Corner lot, 18,190 SF, 200' frontage on Westchester Ave; 54,450 SF (as-of-right) & 87,120 SF (community facility) buildable.; 18,190 SF lot with 200' of frontage on high-traffic Westchester Avenue.; Existing 72,760 SF, three-story commercial building; conversion/rehab opportunity.
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    809 Westchester Ave The Bronx, NY 10455
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