2128 Westchester Avenue
2128 Westchester Avenue, Bronx, NY 10462
Asset Type: Mixed Use
Square Feet: 9,600
2128 Westchester Avenue is located between Olmstead and Castle Hill Avenues. Built in 1967, this 2-story mixed use building has 9,600+/- SF.
The Property is a half a block from the Castle Hill Avenue Station on the  train. Westchester Avenue is a busy two-way thoroughfare filled with food chains, service vendors, retail and shopping.
The entire property is NNN leased to Tully Construction, which has traditionally worked on city projects such as bridges & tunnels, sports fields, remediation and cleanup projects, parks and recreation and roadwork. They are renovating the space at their own cost. The Property is leased for 3 years with two 1-year renewal options.
This investment opportunity offers stable cash flow with a 5.1% capitalization rate.