2128 Westchester Avenue

Bronx, NY

For Sale

$1,850,000

OVERVIEW

LOCATION:
2128 Westchester Avenue, Bronx, NY 10462

Neighborhood: Unionport

Asset Type: Mixed Use

Square Feet: 9,600

Stories: 2

 

Description

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 [6] 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.

 

Nearby Transportation