Property profile

3250 Westchester Ave Bronx, NY 10461

OFF-MARKET
Office buildings
Property ID
US63-5130529
65,596 SF 1.04 ac lot Built 1954
Entity Owned 3-yr Hold Free & Clear
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Property summary

AI-generated overview

This exceptional medical office space at 3250 Westchester Avenue in the Bronx, New York, offers four available suites ranging from 520 to 2,200 square feet. The property is ideally situated in the East Bronx neighborhood, conveniently located between Continental Avenue and Amendola Place. Its strategic position provides easy access to public transportation, with the 6 train at Pelham Bay Park station just a short distance away. Numerous bus lines also serve the area, including the BxM8, Bx12, Bx24, Bx23, Q50, Bx29, and Bx5. This ensures convenient commuting for both staff and patients. The building benefits from a high concentration of established businesses and services in close proximity. Nearby amenities include popular restaurants such as Dunkin', Burger King, Subway, and Popeyes Louisiana Kitchen, as well as major banking institutions like Chase, Citi, Citizens, and TD Bank. Furthermore, the area boasts a strong medical presence, with existing tenants including American Access Care Bronx, Farah Retina Consultants, and Physicians Medical Rehabilitation Assocs, among others. Other local businesses include Empire Bagels, Key Food Supermarkets, and Pain Management Specialists of New York, creating a vibrant and well-established commercial environment. The property's multiple suite options provide flexibility for various medical practices and sizes. This prime location and convenient amenities make this an excellent opportunity for medical professionals seeking a thriving and accessible location for their practice. The property is classified as Office, Special Purpose with a Subtype of Medical Offices and features multiple tenancies. The zip code is 10461.

Property profile

Verified
Property type Office buildings
Use group OFFICE BUILDING (MULTI-STORY)
Year built 1954
Total area 65,596 SF
Lot 1.04 ac (45,085 SF)
Zoning code R7-1
APN 04239-0005
UPID US63-5130529

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Current use

Occupant on record · Public records
  • Physician
  • Occupational Health Service Medical Office
  • Physician
  • Physician
  • Physician

Location

3250 Westchester Ave Bronx, NY 10461-4500
Bronx metro Census 30000 NEW YORK-NORTHERN NEW JERSEY-LONG ISLAND, NY-NJ-PA METROPOLITAN STATISTICAL AREA
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Value estimations

Realmo proprietary · 4 methods
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Owner & transaction history

since 2023
Last sale
$57.0M
7 recorded transactions
2023
$57.0M
2019
Price N/A
2019
Price N/A
2016
Price N/A
2016
$33.0M
2011
Price N/A
2008
Price N/A

Zoning & alternative use

R7-1 · Bronx, NY

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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