Listed by Lee & Associates - New York
Unpriced
200 West Tremont Avenue
Details
APN 2877-522
Property Type Special Purpose
Sub Type School
Square Footage 39,700
Occupancy 100%
Tenancy Single
Lease Type Net
Year Built 1973
Year Renovated 2024
Buildings 1
Stories 6
Lot Size (SqFt) 11,711
Zoning R6
99-Year Leasehold Fee Position
Marketing description
Lee & Associates NYC is pleased to present exclusively for sale the fee position of the asset located at 200 West Tremont Avenue, Bronx, NY 10453 ("the Property"). Located on the south side of West Tremont Avenue between Montgomery Avenue and Phelan Place, the Property is a newly redeveloped Charter School and Community Facility asset spanning approximately 39,700 square feet that is on a 99-year leasehold to an experienced developer in the Charter School space. The Property represents the opportunity to acquire multi-generational stable cash flow featuring no management responsibilities with a fully leased asset as the underlying collateral.
Located on the south side of West Tremont Avenue between Montgomery Avenue and Phelan Place
Investment highlights
- Acquire the fee interest in a newly redeveloped community facility asset in the Bronx
- Generational fee ownership with long-term income security: Opportunity to acquire a fee position delivering truly passive, multi-generational cash flow with approximately 97 years remaining on the leasehold. The structure provides long-duration income with no exposure to operating or leasing risk.
- Hands-off ownership structure: Fee owner benefits from stable income with no management responsibilities, capital expenditure obligations, or tenant interaction, making the Property well suited for long-term holders, estates, and passive capital.
- Newly renovated, purpose-built collateral: The Property consists of a newly renovated ~39,700 square foot asset, specifically built out for Charter School use, enhancing long-term functional relevance and reducing future capital needs.
- Essential-use charter school asset: Charter School tenancy represents a mission-critical, community-serving use with consistent demand and strong public-sector support, contributing to durable occupancy and income stability.
- High-quality charter school sponsor: The leasehold is held by an experienced and well-capitalized Charter School developer with multiple Charter School assets under management, providing confidence in long-term execution and performance.
- Fully leased community facility: The asset is fully leased at acquisition, eliminating downtime or rollover risk and providing immediate, uninterrupted cash flow.
- Institutional-grade underlying real estate: Modern redevelopment and long-term lease structure create strong underlying collateral value beneath the leasehold.
- Prime bronx location: Located on the south side of West Tremont Avenue between Montgomery Avenue and Phelan Place, within a dense Bronx neighborhood benefiting from strong community infrastructure and accessibility.
- Minimal downside risk profile: Extremely long remaining lease term, essential-use tenancy, and hands-off structure combine to create a low-volatility investment profile with strong downside protection.
Listing Contacts
Listed by Lee & Associates - New York
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