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2152-2160 Westchester Ave - Bronx, NY

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2152-2160 Westchester Ave - Bronx, NY FOR SALE OR LEASE 2152-2160 Westchester Ave - Bronx, NY GLA: 17,531 SF Demographics .25 Mile .5 Mile .75 Mile Additional Information: Population 9,920 43,560 81,165 • Located on Westchester Ave between Average HH Income $59,611 $61,889 $61,726 Castle Hill and Olmstead Ave Annual Retail Expenditure $81 M $382 M $716 B • 27 parking spaces in rear with driveway Annual Health Care Expenditure $15 M $70 M $130 M on Westchester Ave Local Transportation Annual Ridership • Easily accessible through the Cross Bronx Expy #6 (Castle Hill Ave) 2,071,819 • One block from 6 train Castle Hill Ave station. Bx4 3,161,854 • Surrounded by national/medical retailers and Bx22 4,209,387 600 residential units feet away from site Cross Bronx Expy I-95 108,000 cars per day • Pricing and further details upon request CONTACT EXCLUSIVE AGENT: Mia Abdou 914.968.8500 x326 [email protected] 440 Mamaroneck Ave • Harrison, NY 10528 • rmfriedland.com All information contained herein is based upon information which we consider reliable, but because it has been supplied by third parties, we cannot represent that it is accurate or complete, and it should not be relied upon as such. The offerings are subject to errors, omissions, changes, including price, or withdrawal without notice. The content is provided without warranties of any kind, either express or implied. RM Friedland, LLC, its agents or employees shall not be held liable to anyone for any errors, omissions or inaccuracies under any circumstances. You and your advisors should conduct a careful, independent examination of the property to determine to your satisfaction the suitability of the property for your needs. 2152-2160 WESTCHESTER AVE - PROPERTY OVERVIEW PROPERTY DESCRIPTION HIGHLIGHTS 2152-2160 Westchester Avenue includes three • Steps from Castle Hill Subway Station adjacent buildings located on Westchester Avenue between Castle Hill Avenue and Olmstead Avenue • High volume of foot traffic in the Parkchester area of the Bronx. The properties include a 2-story retail building and two single-story • Close proximity to the Cross Bronx Expressway, Bruckner Expressway, and retail buildings with parking. The properties total Hutchinson River Parkway approximately 14,820 square feet and include seven retail tenants. Additional income is collected from the • Unique parking lot and garage in rear with 27 parking spaces (5 indoor and 22 outdoor) located in driveway off Westchester Avenue, potential the rear of the property. The retail location enjoys heavy conversion/expansion opportunity foot traffic as it is located on the same block as the Castle2152-2160 Hill2152-2160 MTA station Westchester which WESTCHESTER is serviced Ave by the - Bronx,6 train. AVE NY -• Located PROPERTY amongst manyFEATURES national tenants TAX MAP Westchester Avenue Castle Hill Avenue ASKING PRICE: $5,750,000 CAP: 5.43% Olmstead Avenue Olmstead PROPERTY FEATURES: Newbold Avenue 2152 2154 2160 RETAILAddress: MAP Westchester Westchester Westchester Combined Avenue Avenue Avenue Block & Lot: 3814-36 3814-37 3814-39 Lot Dimensions: 30’ x 176.08’ Irregular Irregular Lot Size: 5,283 10,950 1,620 17,531 sq ft (approx.) 2152-2160 6 Building Dimensions: 30' x 75' WESTCHESTERIrregular Irregular Multiple Stories: 1 AVENUE1 2 2 Commercial Units: 2 2 3 7 Gross Building SF: 2,250 10,950 1,620 14,820 sq ft (approx.) Zoning: R5 / C2-2 R5 / C2-2 R56 / C2-2 R5 / C2-2 Residential FAR: 1.25 1.25 1.25 1.25 (Wide Street) Total Residential6 Buildable SF: 6,604 13,688 1,623 21,914 sq ft (approx.) Minus Existing Structure: 2,250 1,760 2,056 6,066 sq ft (approx.) Available Air Rights: 4,354 11,928 Overbuilt 15,848 sq ft (approx.) Current Tax: $30,704 $24,317 $13,115 Taxes (17/18): $30,704 $24,317 $13,115 $66,794 Asking Price: $5,750,000 FINANCIAL SUMMARY: GROSS ANNUAL REVENUE: $327,253 CAPITALIZATION RATE: 5.53% VACANCY LOSS & EXPENSES: ($63,991) CONTACT EXCLUSIVE AGENT: Mia Abdou NET OPERATING INCOME: $263,263 914.968.8500 x326 [email protected] 440 Mamaroneck Ave • Harrison, NY 10528 • rmfriedland.com All information contained herein is based upon information which we consider reliable, but because it has been supplied by third parties, we cannot represent that it is accurate or complete, and it should not be relied upon as such. The offerings are subject to errors, omissions, changes, including price, or withdrawal without notice. The content is provided without warranties of any kind, either express or implied. RM Friedland, LLC, its agents or employees shall not be held liable to anyone for any errors, omissions or inaccuracies under any circumstances. You and your advisors should conduct a careful, independent examination of the property to determine to your satisfaction the suitability of the property for your needs. 2152-2160 Westchester Ave - Bronx, NY CONTACT EXCLUSIVE AGENT: Mia Abdou 914.968.8500 x326 [email protected] 440 Mamaroneck Ave • Harrison, NY 10528 • rmfriedland.com All information contained herein is based upon information which we consider reliable, but because it has been supplied by third parties, we cannot represent that it is accurate or complete, and it should not be relied upon as such. The offerings are subject to errors, omissions, changes, including price, or withdrawal without notice. The content is provided without warranties of any kind, either express or implied. RM Friedland, LLC, its agents or employees shall not be held liable to anyone for any errors, omissions or inaccuracies under any circumstances. You and your advisors should conduct a careful, independent examination of the property to determine to your satisfaction the suitability of the property for your needs. 2152-21602152-2160 WESTCHESTER WESTCHESTER AVE - REVENUE AVE - REVENUE 2152-2160 2152-2160Westchester WESTCHESTER Ave - Bronx, NY AVE - REVENUE REVENUE: REVENUE: REVENUE: LEASE LEASELEASE LEASEMONTHLY MONTHLYANNUAL ANNUAL UNIT TENANTUNIT TENANT SQ FT SQ FT RPSF RPSF START ENDLEASESTART LEASEEND RENT MONTHLYRENTESCALATION ESCALATIONANNUAL UNIT TENANT SQ FT RPSF START END RENT ESCALATION 2152 - A Salome Latin2152 Cuisine- A SalomeCorp LatinMay-15 Cuisine CorpApr-25May-15 1,125 Apr-25$3,487 1,125 $34 $3,487 4% $34 4% 2152 - A Salome Latin Cuisine Corp May-15 Apr-25 1,125 $3,487 $34 4% 2125 - B Real2125 Estate - B RealAug-05 Estate Mo./Mo.Aug-05 1,125 Mo./Mo.$4,179 1,125 $45 $4,179 3% $45 3% 2125 - B Real Estate Aug-05 Mo./Mo. 1,125 $4,179 $45 3% 2154 Metropolitan2154 WirelessMetropolitanOct-15 Wireless Sep-20Oct-15 713 Sep-20$3,276 713 $49 $3,276 4% $49 4% 2154 Metropolitan Wireless Oct-15 Sep-20 713 $3,276 $49 4% 2156 Camas2156 Nails Corp CamasJun-17 Nails Corp May-22Jun-17 713 May-22$3,308 713 $50 $3,308 5% $50 5% 2156 Camas Nails Corp Jun-17 May-22 713 $3,308 $50 5% 2158 Gen.2158 Merc. Gen.May-06 Merc. Mo./Mo.May-06 334 Mo./Mo.$1,550 334 $79 $1,550 $125 $79 $125 2158 Gen. Merc. May-06 Mo./Mo. 334 $1,550 $79 $125 2160 Packsun2160 Inc. PacksunAug-19 Inc. Aug-24Aug-19 1,139 Aug-24$4,300 1,139 $32 $4,300 4% $32 4% 2160 Packsun Inc. Aug-19 Aug-24 1,139 $4,300 $32 4% 2nd Floor Video2nd Floor Store VideoDec Store-19 Dec-22Dec-19 917 Dec-22$2,900 917 $37 $2,900 5.5% $37 5.5% 2nd Floor Video Store Dec-19 Dec-22 917 $2,900 $37 5.5% Gross Monthly CommercialGross Monthly Rent: Commercial$23,000 Rent: $23,000 Gross Monthly Commercial Rent: $23,000 Gross Annual CommercialGross Annual Rent: Commercial$276,000 Rent: $276,000 Gross Annual Commercial Rent: $276,000 Average Rent PerAverage Square RentFoot: Per Square$47 Foot: $47 Average Rent Per Square Foot: $47 REIMBURSEMENTS:REIMBURSEMENTS: REIMBURSEMENTS: REAL PORTIONREAL PORTION DEMOLITION DEMOLITION UNIT UNITTENANT TENANT WATER WATER ESTATE TAX ESTAREALOTFE T AXTA X PORTIONOF TAX DATE DEMOLITIONDATE UNIT TENANT WATER ESTATE TAX OF TAX DATE 2152 - A Salome2152 Latin - A Cuisine SalomeCorp Latin Cuisine$7,536 Corp 25%$7,536 of Lot 36 25%100% of Lot 36 Anytime100% Anytime 2152 - A Salome Latin Cuisine Corp $7,536 25% of Lot 36 100% Anytime 2125 - B 2125Real - EstateB Real Estate$3,014 10%$3,014 of Lot 36 10%100% of Lot 36 Anytime100% Anytime 2125 - B Real Estate $3,014 10% of Lot 36 100% Anytime 2154 Metropolitan2154 WirelessMetropolitan Wireless$6,117 25%$6,117 of Lot 37 25%100% of Lot 37 Anytime100% Anytime 2154 Metropolitan Wireless $6,117 25% of Lot 37 100% Anytime 2156 Camas2156 Nails Corp Camas Nails Corp$6,117 25%$6,117 of Lot 37 25%100% of Lot 37 Anytime100% Anytime 2156 Camas Nails Corp $6,117 25% of Lot 37 100% Anytime 2158 Gen.2158 Merc. Gen. Merc.$609 5%$609 of Lot 39 5%100% of Lot 39 Anytime100% Anytime 2158 Gen. Merc. $609 5% of Lot 39 100% Anytime 2160 Packsun2160 Inc. Packsun Inc.$3,046 25%$3,046 of Lot 39 25%100% of Lot 39 Anytime100% Anytime 2160 Packsun Inc. $3,046 25% of Lot 39 100% Anytime 2nd Floor 2ndVideo Floor Store Video Store$244 2%$244 of Lot 39 2%100% of Lot 39 Anytime100% Anytime 2nd Floor Video Store $244 2% of Lot 39 100% Anytime $26,683 $26,683 $26,683 CONTACT EXCLUSIVE AGENT: Mia Abdou 914.968.8500 x326 [email protected] 440 Mamaroneck Ave • Harrison, NY 10528 • rmfriedland.com All information contained herein is based upon information which we consider reliable, but because it has been supplied by third parties, we cannot represent that it is accurate or complete, and it should not be relied upon as such.
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