2237 Webster Ave The Bronx, NY 10457
- Retail properties
- 5,580 SF
Current Use by Public Records
- kiry hall events planners / Event Planner / Cake Decorating Equipment Shop
Property Details for 2237 Webster Ave
- Year built
- 1931
- Property size
- 5,580 SF
- Property type
- Retail properties
- Property subtype
- Retail space
Description
This exceptional multi-tenant retail building, located at 2237 Webster Avenue in the Bronx, NY, presents a compelling investment opportunity. The property boasts 5,580 square feet across six commercial units, currently operating at 100% occupancy, generating a strong 6.40% cap rate. Priced at $1,750,000 ($313.62/sq ft), this two-story, 1931-built structure offers significant potential. The building features 131 feet of wraparound frontage along Webster Avenue and East 182nd Street, ensuring high visibility and accessibility. Its prime location benefits from proximity to Fordham University, Arthur Avenue Retail Market, and the Bronx Zoo, driving consistent foot traffic. Convenient public transportation is readily available, with the BX41 bus stop directly in front and the 4 and B/D subway lines within walking distance. The Metro-North Railroad is also easily accessible. The property sits on a 3,100 square foot lot and is zoned C8-3, allowing for diverse commercial and community facility uses. With a floor area ratio (FAR) of 2.00 for commercial use and 6.5 for community facilities, the property offers up to 20,150 buildable square feet, presenting substantial development potential for future expansion or redevelopment. This is a rare chance to acquire a cash-flowing asset in a rapidly developing area with significant upside. The building includes a full basement.
Value Estimation
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CAP approach
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Comparable approach
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Alternative Use
Location Insight
- Map
- Local Demand
- City
- The Bronx
- County
- Bronx
- State
- New York
- Longitude
- -73.8967
- Latitude
- 40.8551
