amit doshi shallini mehra 212 951 8401 212 951 8414 … · 2017. 5. 26. · title: 103 west 73rd...

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Amit Doshi Shallini Mehra 212 951 8401 212 951 8414 adoshi@besenassociates.com smehra@besenassociates.com

EXCLUSIVE 2128 WESTCHESTER AVENUE, UNIONPORT, BRONX, NY

2-STORY COMMERCIAL | 9,600 SF | NNN LEASED | 5.7% CAP RATE

Although all information furnished regarding property for sale, rental or financing is from sources deemed reliable, no express representation is made nor is any implied

as to the accuracy thereof and is subject to error, omissions, change of price, rental or other conditions, prior sale, rental or financing or withdrawal without notice. No warranties or representations are made as in the condition of the property of any hazards contained therein nor are any implied.

AD012617

Besen & Associates, Inc., 381 Park Avenue South, New York, NY 10016 (212) 689-8488 Tel · (212) 689-9518 Fax · www.besenassociates.com

Address: 2128 WESTCHESTER AVENUE, BRONX, NY 10462

Between Olmstead and Castle Hill Avenues

Description: Built in 1967, this 2-story mixed-use building with approx. 9,600 Sf. Property leased for 3 years period to a construction company on a NNN basis.

Neighborhood Unionport

Block/Lot 3814/22

Lot & Built Size 36’ x 154.18’ - IRR

Stories 2

Zoning R5/C2-2

FAR (built/allowed) 1.33/.125

Assessment/Taxes (2017) $798,000/$35,678

1st Mortgage: Delivered Free & Clear

Price: $ 2,100,000 ALL CASH/ $1,650,000 ALL CASH ($172/ SF)

Remarks: Walking distance to the Castle Hill Avenue Station on the [6] train. Tenant is renovating the entire property at its own cost. Tenant: The entire property is NNN leased by Tully Construction, which has traditionally worked On city projects such as Bridges & Tunnel, Sports Fields, Remediation and cleanup projects, Parks & Recreation and Roadworks. LEASE: Initial Term: Upon lease expiration, tenant has one (2) year lease renewal.

Lease Year Annual Fixed Rent Monthly Fixed Rent

1 $94,800.00 $7,900.00

2 $97,644.00 $8,137.00

3 $100,573.00 $8,381.08

4* $103,591.00 $8,632.58

5* $106,698.00 $8,891.50

*Renewal Terms

EXCLUSIVE 2128 WESTCHESTER AVENUE, UNIONPORT, BRONX, NY

2-STORY COMMERCIAL | 9,600 SF | NNN LEASED | 5.7% CAP RATE

Although all information furnished regarding property for sale, rental or financing is from sources deemed reliable, no express representation is made nor is any implied

as to the accuracy thereof and is subject to error, omissions, change of price, rental or other conditions, prior sale, rental or financing or withdrawal without notice. No warranties or representations are made as in the condition of the property of any hazards contained therein nor are any implied.

AD012617

Besen & Associates, Inc., 381 Park Avenue South, New York, NY 10016 (212) 689-8488 Tel · (212) 689-9518 Fax · www.besenassociates.com

PROPERTY PICTURE

EXCLUSIVE 2128 WESTCHESTER AVENUE, UNIONPORT, BRONX, NY

2-STORY COMMERCIAL | 9,600 SF | NNN LEASED | 5.7% CAP RATE

Although all information furnished regarding property for sale, rental or financing is from sources deemed reliable, no express representation is made nor is any implied

as to the accuracy thereof and is subject to error, omissions, change of price, rental or other conditions, prior sale, rental or financing or withdrawal without notice. No warranties or representations are made as in the condition of the property of any hazards contained therein nor are any implied.

AD012617

Besen & Associates, Inc., 381 Park Avenue South, New York, NY 10016 (212) 689-8488 Tel · (212) 689-9518 Fax · www.besenassociates.com

PLOT MAP

TAX MAP

EXCLUSIVE 2128 WESTCHESTER AVENUE, UNIONPORT, BRONX, NY

2-STORY COMMERCIAL | 9,600 SF | NNN LEASED | 5.7% CAP RATE

Although all information furnished regarding property for sale, rental or financing is from sources deemed reliable, no express representation is made nor is any implied

as to the accuracy thereof and is subject to error, omissions, change of price, rental or other conditions, prior sale, rental or financing or withdrawal without notice. No warranties or representations are made as in the condition of the property of any hazards contained therein nor are any implied.

AD012617

Besen & Associates, Inc., 381 Park Avenue South, New York, NY 10016 (212) 689-8488 Tel · (212) 689-9518 Fax · www.besenassociates.com

SITE SURVEY

EXCLUSIVE 2128 WESTCHESTER AVENUE, UNIONPORT, BRONX, NY

2-STORY COMMERCIAL | 9,600 SF | NNN LEASED | 5.7% CAP RATE

Although all information furnished regarding property for sale, rental or financing is from sources deemed reliable, no express representation is made nor is any implied

as to the accuracy thereof and is subject to error, omissions, change of price, rental or other conditions, prior sale, rental or financing or withdrawal without notice. No warranties or representations are made as in the condition of the property of any hazards contained therein nor are any implied.

AD012617

Besen & Associates, Inc., 381 Park Avenue South, New York, NY 10016 (212) 689-8488 Tel · (212) 689-9518 Fax · www.besenassociates.com

INTERIOR PHOTOS

EXCLUSIVE 2128 WESTCHESTER AVENUE, UNIONPORT, BRONX, NY

2-STORY COMMERCIAL | 9,600 SF | NNN LEASED | 5.7% CAP RATE

Although all information furnished regarding property for sale, rental or financing is from sources deemed reliable, no express representation is made nor is any implied

as to the accuracy thereof and is subject to error, omissions, change of price, rental or other conditions, prior sale, rental or financing or withdrawal without notice. No warranties or representations are made as in the condition of the property of any hazards contained therein nor are any implied.

AD012617

Besen & Associates, Inc., 381 Park Avenue South, New York, NY 10016 (212) 689-8488 Tel · (212) 689-9518 Fax · www.besenassociates.com

ADDITIONAL PHOTOS