Medical Office Building Listed at 1150 Webster Avenue Bronx
FOR SALE
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$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
30 years
10 years
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
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