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Type:
Mixed Use
Units:
Property Description
Investment Property Realty Group (IPRG) has been exclusively retained to sell 1531 and 1535 Westchester Avenue, situated between Elder and Boynton Avenue in the Parkchester/Bronx River section of the Bronx.
Each property offers 10 rent stabilized apartments and 2 commercial spaces, totaling 20 apartments and 4 commercial spaces with 78 feet of frontage on Westchester Avenue. Total building area is 25,740 SF, of which approximately 2,775 SF is ground floor retail. The commercial spaces are occupied by complementary daily-use businesses that benefit from recurring local foot traffic, convenience driven spending and a broad customer base.
The properties are conveniently located within walking distance of the 6-subway line at Elder Avenue. They enjoy a well-connected location along a busy commercial corridor with strong in place rents and long term growth.
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Block & Lot:
03773-0005,0003
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Neighborhood:
Park Versailles - Bronx River
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Cross Streets:
Elder Avenue & Boynton Avenue
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Building Dimensions:
39 ft x 66 ft
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Lot Dimensions:
39 ft x 98.42 ft
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Units:
24
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Zoning:
C4-2 / R6
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FAR:
3.0
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Tax Class:
2
