1150 Webster Ave, Bronx, NY 10456

Webster Medical Plaza at 1150 Webster Avenue, Bronx, NY 10456 presents a rare opportunity to acquire a cash-flowing medical asset in the heart of Concourse Village. This 32,340 SF, two-story medical building sits on a 16,341 SF lot and was repositioned in 2018 from a multi-story parking structure into a modern healthcare facility designed for long-term institutional use.

The property is currently leased to six established medical and healthcare-related tenants, offering durable income and a strong in-place roster. Investment highlights include a weighted average lease term of 9.3 years, average 90% occupancy since 2018, and 50% of real estate taxes reimbursed by tenants. The building’s flexible floor plates, high utility capacity, and heavy foot traffic support ongoing demand from medical users.

Located just 0.5 miles from the 167th Street subway station, the asset benefits from excellent accessibility and a dense surrounding population. Offered at $10,500,000, the property features projected gross income of $1,005,360 and net operating income of $731,502, representing a 7% cap rate and $325 per square foot.