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    840 Westchester Ave The Bronx, NY 10459

    For Sale
    $20,000,000

    Prime Bronx medical & retail building, 58,540 SF.

    Property size:
    58,540 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    366
    This exceptional mixed-use investment property, located at 840 Westchester Avenue in the Bronx, New York, presents a compelling opportunity for discerning investors. The building, constructed in 2007, boasts a substantial 58,540 square feet of space, distributed across two floors. Its versatile design caters to both medical office and retail tenants, making it an ideal asset for diversified income generation. The property is zoned C1-4 / R7-1, allowing for a range of uses. The asking price is $20,000,000, translating to a price per square foot of $341.65. The building sits on a 28,501 square foot lot and includes a significant 24,300 square foot parking garage, a highly desirable feature in this location. This prime location in the Bronx, with the address 840 Westchester Avenue, zip code 10459, offers excellent visibility and accessibility. The property's size, zoning, and existing infrastructure make it a strong contender for long-term growth and profitability. Detailed financial information and property reports are available upon request. This is a rare opportunity to acquire a substantial, well-located mixed-use building in a thriving New York City borough.

    Property Features for 840 Westchester Ave

    General Information

    Property type
    Individual retail properties
    Square Feet
    58,540 SF

    Building Details

    Year Built
    2007
    Stories
    2

    HighLights

    • $20,000,000 asking price.
    • 58,540 square foot mixed‑use building (office and retail).
    • $341.65 per square foot.
    • 2007 construction.
    • Two‑story building.
    • C1‑4 / R7‑1 zoning.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Rite Aid Drug Store Amazon Hub Locker ... Mailing Service Western Union Money Transfer Service Mohamed N. Elasshab, ... Pharmacy higi Health Consultant

    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
    -73.9013869
    Latitude
    40.8196033

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    FAQs

    What type of property is this?
    Individual retail property - Prime Bronx medical & retail building, 58,540 SF.
    Where is this individual retail 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: $20,000,000 asking price.; 58,540 square foot mixed-use building (office and retail).; $341.65 per square foot.
    Request Owner's contact information
    840 Westchester Ave The Bronx, NY 10459
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    The Bronx, NY 10459
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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
    840 Westchester Ave The Bronx, NY 10459
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