Retail

3217 Westchester Avenue

3217 Westchester Ave Bronx, New York United States 10461-4529
Asking Price
NOI Net Operating Income
Cap Rate
Asking Price
NOI Net Operating Income
Cap Rate

Documents

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Attributes

Building Area
Number of units 1

Property Description

JLL, as exclusive agent, is pleased to offer for sale 3217 Westchester Avenue. The subject property is a corner retail building in the Pelham Bay neighborhood of the Bronx, it is currently NNN leased to Chase Bank. The lease runs through April of 2024 with a 5-year renewal option. Chase currently pays $272,250/year, and their option lease has an annual rent of $299,475 starting in 2024. The building measures a total of 6,100 SF, and the property is outfitted with a drive through for more convenient service. The property also boasts potential for future mixed-use development. Zoned R7-1/C2-4, the lot has a maximum BSF of 37,564. Public transit is available just 0.2 miles away at the Pelham Bay Park Station, which services the MTA 6 train. Please call exclusive agents for more information.

Investment Highlights

  • $272,250 IN ANNUAL INCOME



  • ABSOLUTE NNN LEASE



  • REDEVELOPMENT POTENTIAL



  • CLOSE PROXIMITY TO THE MTA 6 TRAIN
Last Updated Date: 17 Feb 2021
Guthrie Garvin
Guthrie Garvin
Managing Director, Capital Markets
License details
NY-30GA1030860
+6620260615
Karl Brumback
Karl Brumback
Managing Director, Capital Markets
License details
NY-10301207863
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+6620260615
Last Updated Date: 17 Feb 2021

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