840 Westchester Ave | Mixed-Use | 83K SF Air Rights
$1.87M NOI | 83,321 SF Air Rights | 74-Car Garage | 2/5 Subway Access
Marketing description
840 Westchester Avenue is a 4-unit, two-story retail/office
building with an indoor 74-car parking garage located on the
prime Westchester Avenue retail corridor in the Bronx, NY.
The property sits between Longwood Avenue and East 161st Street
with 174 feet of combined frontage and direct access to the
2 and 5 subway lines.
The building spans 53,705 gross square feet across two retail
units, two office units, and a below-grade parking structure.
Current tenants include Dollar Tree, Children's Health Fund,
St. Dominic's Home, and Empire Parking, with below-market rents
providing strong mark-to-market upside for an incoming investor.
A major development opportunity exists via 83,321 SF of unused
air rights with total buildable square footage of up to 137,026
SF with CF Bonus. Zoning: R7-1 / C1-4.
Asking $20,000,000. Ownership is requesting proposals.
For more information please contact:
Steve Davis | Capri Industrial Partners
646-261-0143 | [email protected]
Investment highlights
53,705 GSF mixed-use retail/office with 74-car indoor parking garage
-83,321 SF of unused air rights — buildable to 137,026 SF with CF bonus
-NOI of $1,867,853 | Gross income $2,451,941
-174 feet of prime Westchester Avenue frontage
-Tenants: Dollar Tree, Children's Health Fund, St. Dominic's Home, Empire Parking
-Below-market rents in place — strong mark-to-market upside
-Direct 2/5 subway access — steps from Westchester Ave station
-Fee simple sale | Ownership requesting proposals
For more information please contact:
Steve Davis | Capri Industrial Partners
646-261-0143 | [email protected]
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