Assignments

Webster Medical Plaza

1150 Webster Avenue, Bronx, NY 10456

1150 Webster Avenue, Bronx, NY 10456

under contract

Asking
Sale Price
$
9980000

Property Details

Status
For Sale
Property Type
Retail + Office
Price Summary
$
9980000
Sale Price
$
Buildable SF
32340
Building SF
32340
LOT SF
32340
Cap RATE
6.3
%
Zoning
M1-1

Highlights

  • 100% Occupancy By (6) Medical Tenants
  • Converted in 2018 From Multi-Story Parking to Medical
  • Located .5 Miles from 167th Street Subway Stop
  • Weighted Average Lease Term of 9.3 Years
  • 50% of Taxes Reimbursed by Tenants
  • 90% Occupancy (Average) Since 2018

Property DEscription

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 longterm 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.

Map

Dean Abouelhassan
Senior Associate
(516) 532-5385
da@landairnyc.com
Alexandre Goulet
Partner
(646) 559-4700
ag@landairnyc.com
Anand Melwani
Partner
(516) 658-1222
am@landairnyc.com

Documents

Offering Memorandum
Data Room

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