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Medical Office Building Listed at 1150 Webster Avenue Bronx

Medical Office Building Listed at 1150 Webster Avenue Bronx
FOR SALE
View more

$9,980,000

1150 Webster Avenue, Bronx, NY 10456

32,340 SF

Square Feet

$309

PPSF

6.30%

CAP

Property Description

NOI

$628,769

Cap Rate

6.30%

Landair Property Advisors has been hired to sell the medical office building located at 1150 Webster Avenue, Bronx, NY 10456. The property is a 32,340 square foot two-story building situated on a 16,341 square foot lot. Currently, the building is fully leased with six robust medical tenants, contributing to a stable and high-performing investment opportunity. 

Originally constructed as a parking garage, the property was converted into a  modern medical facility in 2014. This adaptive reuse allowed for the creation of large, flexible floor plates ideal for healthcare tenants and reflects long term institutional demand in the area. The building’s structural capacity and layout, inherited from its former use, support heavy utility loads and high foot  traffic—key advantages for medical occupancy. 

Located just .5 miles from the 167th St subway stop, 1150 Webster Avenue benefits from high pedestrian traffic and excellent accessibility, enhancing  it’s value as a retail destination. This property represents an exceptional opportunity for investors seeking a low-maintenance, high-yield asset with potential for future growth in a prime urban location.


Property Details

Asset Type

Retail

Year Built

1929

Zoning

M1-1

Lot Size

16,341 SF

Neighborhood

Concourse Village

Submarket

Bronx

ZIP

10456

Renovated

2013

Listing Type

sale

Net Operating Income (NOI)

$997,542

Debt Service Coverage Ratio (DSCR)

1.76x

Cap Rate

10.00%

Cash Flow (Annual)

$429,818

Cash-on-Cash Return

17.23%

Monthly Debt Service

$47,310

Annual Debt Service

$567,723

View on Map

Address

1150 Webster Avenue

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Bronx Retail Market Snapshot

Boundary boundary · Retail · Sale

No investors found in this market.

Contact the Listing Team

Dean Abouelhassan

Dean Abouelhassan

Senior Associate

13 closed

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Dean Abouelhassan

Dean Abouelhassan

Senior Associate

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Call