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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 Available Space: 14,820 SF Asking Price/Rental Rate: Upon Request Additional Information: Demographics .25 Mile .5 Mile .75 Mile • Located on Westchester Ave between Population 9,920 43,560 81,165 Castle Hill and Olmstead Ave Average HH Income $59,611 $61,889 $61,726 • 17,531 GLA 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 off Westchester Ave Local Transportation Annual Ridership • Residential FAR: 1.25 #6 (Castle Hill Ave) 2,071,819 • Easily accessible through the Cross Bronx Expy Bx4 3,161,854 • One block from #6 train Castle Hill Ave station. Bx22 4,209,387 108,000 cars per day • Surrounded by national/medical retailers and Cross Bronx Expy I-95 600 residential units feet away from site • 98 walkability score • Pricing and further details available 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 RETAILA ddrMAPess: 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: $30,942 $24,317 $12,537 Taxes (17/18): $30,143 $24,468 $12,183 $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. 2152-2160 2152-2160Westchester WESTCHESTER Ave - Bronx, NY AVE - REVENUE REVENUE: LEASE LEASE MONTHLY ANNUAL UNIT TENANT SQ FT RPSF START END RENT ESCALATION 2152 - A Salome Latin Cuisine Corp May-15 Apr-25 1,125 $3,224 $34 4% 2125 - B Real Estate Aug-05 Mo./Mo. 1,125 $4,179 $45 3% 2154 Metropolitan Wireless Oct-15 Sep-20 713 $2,912 $49 4% 2156 Camas Nails Corp Jun-17 May-22 713 $3,000 $50 5% 2158 Gen. Merc. May-06 Mo./Mo. 334 $2,200 $79 $125 2160 Packsun Inc. Sep-14 Aug-19 1,139 $3,083 $32 4% 2nd Floor Video Store Jan-09 Dec-18 917 $2,900 $37 $150 Gross Monthly Commercial Rent: $21,498 Gross Annual Commercial Rent: $257,976 Average Rent Per Square Foot: $47 REIMBURSEMENTS: REAL PORTION DEMOLITION UNIT TENANT WATER ESTATE TAX OF TAX DATE 2152 - A Salome Latin Cuisine Corp $7,536 25% of Lot 36 100% Anytime 2125 - B Real Estate $3,014 10% of Lot 36 100% Anytime 2154 Metropolitan Wireless $6,117 25% of Lot 37 100% Anytime 2156 Camas Nails Corp $6,117 25% of Lot 37 100% Anytime 2158 Gen. Merc. $609 5% of Lot 39 100% Anytime 2160 Packsun Inc. $3,046 25% of Lot 39 100% Anytime 2nd Floor Video Store $244 2% of Lot 39 100% Anytime $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. 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 2152-2160 WESTCHESTER AVE - REVENUE PARKING: UNIT TYPE MONTHLY INCOME ANNUAL INCOME 1 Indoor $200 $2,400 2 Indoor $200 $2,400 3 Indoor $200 $2,400 4 Indoor $200 $2,400 5 Indoor $200 $2,400 6 Outdoor $150 $1,800 7 Outdoor $150 $1,800 8 Outdoor $150 $1,800 9 Outdoor $150 $1,800 10 Outdoor $150 $1,800 11 Outdoor $150 $1,800 12 Outdoor $150 $1,800 13 Outdoor $150 $1,800 14 Outdoor $150 $1,800 15 Outdoor $150 $1,800 16 Outdoor $150 $1,800 17 Outdoor $150 $1,800 18 Outdoor $150 $1,800 19 Outdoor $150 $1,800 20 Outdoor $150 $1,800 21 Outdoor $150 $1,800 22 Outdoor $150 $1,800 23 Outdoor $150 $1,800 24 Outdoor $150 $1,800 25 Outdoor $150 $1,800 26 Outdoor $150 $1,800 27 Outdoor $150 $1,800 $4,300 $51,600 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.
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