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

CONTACT EXCLUSIVE AGENT: Mia Abdou 914.968.8500 x326 [email protected] 440 Mamaroneck Ave • Harrison, NY 10528 • rmfriedland.com

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

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

PARKING REVENUE TRANSPORTATION MAP

k a r ORCHARD Wakefield PELHAM t m BEACH Wakefield BAY A Parking Income $51,600 40 241 St PARK WESTCHESTER B A to Grand Central2 Yvia RONX C 6 EASTCHESTER THE B min H ES T T ER S Eastchester B Nereid Av A 33 R V 2 O • 5 Dyre Av A 2 D 5 Riverdale W A Woodlawn Y 233 St Vacancy Allowance @ 5% of Gross Annual Revenue ($2,580) 2 2• 5 Baychester New York City Subway to Cross Bronx ExpresswayAv entranceCO-OP M 5 min ST CITY O h 225 St 222 t

r with bus and railroad connections S • H o 2 5 O N - L o U r t

e Van Cortlandt Park 219 St BAYCHESTER

• THE

5 Key Y

242 St Y VAN Wood lawn 2

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A CORTLANDT 5 P A I 1

W W K E Effective Gross Annual Parking Revenue $49,020 4 N

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D Y D P D RIVERDALE PARK to Hutchinson River ParkwayR Gun Hill Rentranced CITY The subway operates 24 hours a Local service only

A Gun Hill Rd U A A Y Williams E BRONX W B L O ISLAND

P Y O

O minS • K K 5 V W d day, but not all lines operate at all Rush hour line I R 2 5

E Bridge A K R

S R A P P W P All trains stop (local N

N M A B B TO A N H E n times. Call our Travel Information extension D R H D L VAN TLANDT I E E COR Mosholu Pkwy E D L and express service)

O Norwood E E T L P E G A

S D E A

N N 238 St I u Center at 511 for more information

A D

4 R P N C 231 ST C 205 St V U B L

A E E V 1 Pelham Bay Park

N A in English or Spanish (24 hours) or L H L o

A D

A KINGSBRIDGE I P N A N P

Y I V

V 6 S W Burke Av S B S ask an agent for help in all other

R R

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E N • R 2 5 D D Accessible E 231 St R languages (6AM to 10PM). N H Bedford Pk Blvd Bedford Pk Blvd W Station 1 O station • Buhre Av T Nam Spuyten Lehman College B D LE d e 225 D • Free subway transfer ST Allerton Av 6 D A B Duyvil -North Marble 4 Pelham Pkwy I Metro Marble Hill 2• 5 M n COMMERCIAL REVENUE Hill Botanical Garden 5 Free out-of-system 225 St H Bus or AIRTRAIN N E U a O DG 1 T subway transfer S I Middletown Rd C to airport D BR Kingsbridge Rd H l

U E Y • I visit www.mta.info (excluding single-ride H G A V B 6 N D W Kingsbridge Rd D S I A Police Y D Morris Park O R R A Pelham Pkwy s ticket) E N B O 4 V N R • M A E B 2 5 5 I H Full time service M60 O R E R

Fordham Rd T E S E Part time service J Fordham INWOOD • W E Bus to airport S B D Westchester Sq Terminal 215 St Fordham Rd H H P Gross Annual Commercial Rent HILL PARK $257,976 R I K g D BRONX Bronx Park T V C

U A W 1 R FORDHAM E T T East Tremont Av To show service more clearly, geography AM 4 S Y H O N RD West FarmsZOO S East P Amtrak O E O C L M 6 Y on this map has been modified. S BR F A E W n Commuter rail service UNIVERSITY HT N • R W Inwood E 2 5 IN T P 183 St O S E X 207 St RD E University C Tremont Y 182–183 Sts 207 St M Zerega Av o A 4 THROGS 1 D • W Heights e B D A N 180 ST S Vacancy Allowance @ 5% of Gross Annual Revenue ($13,783) t 6 NECK D r T A This map depicts weekday service.

o A L L R O - Burnside Av A R BRIDGE R N Castle Hill Av G A q E 180 St W Z E B o

4 R PARKCHESTER E KN On weekends and late nights, these routes change: r

Dyckman St r 2 • • E 6 R t

Dyckman St t Tremont Av v C h h 2 5 E U

Tremont 5 N G

R FORT TRYON A V 1 southbound only B• TRE C CROSS BRO A B A D MO E NX EX NT AV PWY A PARK T A C S V H V A Weekends A Morris 176 St TREMONT Parkchester S I L 191 St R T L 190 St O HIGHBRIDGE Heights 4 D 6 E

H 1 174–175 Sts H A B Manhasset C PARK St Lawrence Av I

A • V L I 174 St R F F B D E W L O

N O O • L A Effective Gross Annual Commercial Revenue $306,996 Mt Eden Av 6 H NX 2 5 D V R I T T B WASHINGTON BRIDGE E - T S E 4 R W R B No service- Delancey St/ 57 St/7 Av– Dyre Av– 181 St P HIT 181 St W R O V L rush Morrison Av A ID

A A A HAMILTON BRIDGE I GEO. WASHINGTON A 1 N G EST use C D Q Essex St– Coney Island Bowling Green S D hours A S

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Soundview H 170 St H

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BRIDGE I O D t t U N A

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T B 5 A N BRIDGE o 2 V l r S S A t MORRISANIA 6 Late nights (midnight to 6am, daily) 175 St T e V M e E SOUNDVIEW A M A R m 167 St 167 St Whitlock Av

A Yankee • 42 St V 4 s 6 WASHINGTON B D P O

Simpson St s R A N HEIGHTS • e W R 168 St 2 5 r S H O Auburndale • • • i p Local, 207 St– No service- Local No service- Local in Myrtle Av– No service- Amtrak I N A C 1 A C 1 T x S v Sta 6 E e Little F B Far Rockaway. use A service use A D Q Brooklyn Metropolitan Av use 7 1 S R e Melrose T St T L Great I n d V V Intervale Av O Neck W r Euclid Av-Lefferts Shuttle RIVERSIDE PARK 163 St–Amsterdam A iu o D Douglaston E v B i N Neck • d • Bayside A t Auburndale R D m 2 5 Hunts Point Av E LIRR S • c Blvd Shuttle S C Yankees- E H 4 e I rush r 6 X D t e i P A S E153 St E Prospect Av hours d W V • D St 5 D • k 5 5 B St–Gran 2 5 a Longwood Av Y R 157 St 5 1 9 e 1 ncours p 6 14 Jackson Av r 1 C ss o • 5 u s e • o s pr C • 4 THE HUB 2 5 h ction ex e C hour peak dire 2 h r rush us LE r p E 149 St Broadway A x Local via Lower Local, 57 St/7 Av– 36 St–95 St, Local R 148 St– Local, Woodlawn– Dyre Av– DO U HUNTS D V e LV I RIVERBANK 6 B EW FRE D MOTT HAVEN n POINT N Manhattan Coney Island Brooklyn service Times Sq/42 St New Lots Av E180 St 3 Av–149 St ER E STATE PARK G o X EXPENSES (ESTIMATED) PROJECTED • ti E TH P LAS S Harlem R Shuttle W Skips Hoyt St Shuttle 2 5 c 1 O Y 145 St 145 ST 145 St e St N ERIC ir 4

145 St 148 St k d 6 Mar3 M 1 • • • M 3 ea S

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R A peak direction R Q 135 St B 135 St s

L 138 St Hill U

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Adjusted Taxes (17/18) Actual B C $40,112 2 3 B RIKERS

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B B VILLAGE

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116 St 116 St 116 St Q72 A BL N University 7 VD FRESH R B• C • ND U Water/Sewer Tenant PaysM60 SBS - 2 3 6 LA MEADOWS T HOLLIS 1 IS N LAGUARDIA G O LGA Airport ON U I Q48 L T N AIRPORT O U Central Park P A Cathedral Pkwy Cathedral 110 St I S A M

North (110 St) T F E P

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Pkwy H I K • 6 C R T Q72 Mets–Willets Point W • 2 3 I O

R E B C S Q47 Y Hollis

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D • T 7 Q48 LGA Airport M JAMAICA

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1 A IN A V ESTATES V DITMARS BLVD Mets–Willets Point

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Insurance @ $0.25 / GSF 103 St 103 St$1,517 Q3

I I Ditmars Blvd ASTORIA D 111 St 3

103 St V V V L M

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• • 1 RIA E E B O 82 S • A 1 V C T N Q AS Q48 LGA Airport

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A D D CORONA P S JACKSON X A 179 St

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V 96 St 8 KEW R R T E V

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96 St E HEIGHTS 103 St–Corona Plaza

96 St • G GARDENS M60 SBS Q F ive r N N 6 I 3 St– I • • • N Q P 6 D 1 2 3W B C 7 HILLS A V W 7 R HILLCREST LGA Airport R A S 0 A

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S 1 1 4 acks E N 169 St C

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T 12 C S S S B A LGA AirportSt– T

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86 St n L R R L I 86 St • 86 St E

Hu d roa E t N Q rthern d H E S

C O O • • Ste 90 St–Elmhurst Av L

N N • X 4 5 6 UPPER J W Parsons Blvd U L

O E A A t I E B C

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N V H D

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N EAST R R inwa A T F

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81 St–Museum LV D R MUSEUM N v H d

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t D A A S pk d • o Sutphin Blvd 79 ST O

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A R R S 79 St O Amtrak OF ART t R LGA Airport T o of Natural • R

V Gardens K K t A Broadway 2 rest F R v v n w

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1 V n o A R v o W W History • r–Reg• Q A • R F RO N Q B ADWAY A w • M • F • F

V D E Electric Tenant Pays E - Jamaica Center • • B 77 St mhurst• R d o dhaven Blv R M 71 • F Kew E

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southbound X E

C E 50 St A • • 6 G 7 V A 104 St 1 B N Q R T 7 A A 1 L Y 1 Lefferts Blvd H C S V 1 47–50 Sts 2 T I Z rush hours, T D

northbound 3 A

A N 42 St/Port Authority I A

A M

A LIRR V Rockefeller Ctr UNITED O A J other times V

V J Bus Terminal P

• • •

21 St • • B D F M NATIONS N Middle Village 111 St AIR A C E 42 ST E Woodhaven Blvd WO WOODHAVEN Q10 E ODH G • A LINCOLN TUNNEL Hunterspoint Av R Metropolitan Av GLENDALE J Z A G PWY VE V TRAIN JFK ND EX N A Times Sq-42 St Grand Central ISLA M BL Y 42 St 5 Av Vernon Blvd LONG VD T • • • • • • • Hunters Point Av 85 St–Forest Pkwy R 104 St JAVITS N Q R S 1 2 3 7 7 42 St except S • E Bryant Pk Jackson Av Fresh Pond R IB 7 LIRR d V A CENTER except • • • • • QUEENS A J L Effective Gross Annual Residential Revenue: $310,891S B• • • M S 4 5 6 7 Metro-North 7 E Y D F FO M L A MIDTOWN REST RT Rockaway Blvd

v AV Y W E E 34 St TUNNEL Long V M 75 St–Elderts Ln

34 St 34 St 34 St A A K A I I N

• R G

NJTransit Amtrak G 33 St TA MASPETH Forest Av P P Island I Z rush hours,

Herald Sq 5 M A H Hudson Penn H Penn L

A int A A O P

P T T • • 6 N

B R E City O M J other times H H D F H R Yards Station Station V po T N 33 St K A E RIDGEWOOD 88 St

• • • 28 St T M QUEEN O A • • • A S • • • 28 St S a T S

7 A C E LIRR 1 2 3 LIRR 28 St M N Q R • A V V A t A

E N R V N N Cypress Hills BROO Seneca Av I V 6 KLY S 1 s A N CROSS B S GREENPOINT v B CHELSEA E R V Green v AV n J q t O 23 ST N O G A AU o A M S 23 ST S t R T A 23 St S b t

D R B 80 S H 23 St H 23 St A 23 St 23 St 23 St S E Less Expenses: 22% ($47,628) N I

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Nassau Richmond Valley S78 TOTTENVILLE BEACH Atlantic S78 Tottenville S78 2152-2160 Westchester Ave - Bronx, NY

66K CPD E TREMONT AVE

SITE CASTLE HILL AVE WHITE PLAINS RD 14,820 SF E TREMONT AVE

BRONX RIVER PKWY

CROSS BRONX EXPY 17K CPD WESTCHESTER AVE 26K CPD 133K CPD

COMING SOON 1661 Westchester Ave ±249 Units Park West Apts ±136 Units

COMING SOON 2047 Newbold Ave 269K CPD ±206 Units

WESTCHESTER AVE

85K CPD BRUCKNER EXPY WHITE PLAINS RD

NORTH

CONTACT EXCLUSIVE AGENT: Mia Abdou 914.968.8500 x326 [email protected] 440 Mamaroneck Ave • Harrison, NY 10528 • rmfriedland.com