1451 Westchester AveThe Bronx, NY 10472

Property Details for 1451 Westchester Ave

Year built

1925

Lot size

0.18 AC

Property size (Sq ft)

15,020 SF

Zone code

R6

Property type

Office properties

Property subtype

Office buildings

APN

03770-0080

APU

37700080

Description

This exceptional medical office building, located at 1451 Westchester Avenue in the Bronx, New York (zip code 10472), offers a total of 5,422 square feet of space currently available for lease. The property is categorized as both retail and office, specifically designated as a medical office building with multiple suites. The building comprises three individual suites, providing flexibility for various medical practices or businesses. The entire 5,422 square feet is currently vacant, presenting a unique opportunity for a single tenant to occupy the entire building or for multiple tenants to lease individual suites. Minimum divisible space starts at 1,443 square feet, while the maximum contiguous space available is 3,979 square feet. The building features a ceiling height of 13 feet 9 inches, offering ample space and a comfortable working environment. This prime location in Bronx County, New York, provides excellent visibility and accessibility for patients and clients. The property is ideal for medical professionals seeking a well-maintained and conveniently located space to establish or expand their practice. Interested parties are encouraged to inquire about lease terms and availability.

• CAP approach

  CAP return

  Valuation

  6%

  $2,483,255

  6.5%

  $2,292,235

  7%

  $2,128,504

• Comparable approach

  Method

  Valuation

  Relative Method

  $1,962,513

  Geo Method

  $1,962,513

• Alternative Use

  Use

  Valuation

  Residential

  $2,842,372

  Hospitality

  $2,603,597

  Educational

  $2,166,162

  Medical

  $2,240,660

  Retail

  $3,369,586

Location Insight

City

Bronx

County

Bronx

State

New York

Latitude

40.8286

Longitude

-73.8823

CBSA code

35620

CBSA name

NEW YORK-NORTHERN NEW JERSEY-LONG ISLAND, NY-NJ-PA METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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