Asking Price
NOI Net Operating Income
Cap Rate
Asking Price
NOI Net Operating Income
Cap Rate

Documents

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Create an account on the Investor Center to save your search and investment preferences, save and share opportunities, access exclusive documents, and more. More questions? Visit our FAQ. You'll need to sign a Confidentiality Agreement (CA) to access exclusive documents in the Deal Room. Signing the CA means you agree not to divulge or release sensitive information related to this property. More questions? Visit our FAQ.

Attributes

Building Area
Number of units 1

Property Description

JLL, as exclusive agent, is pleased to offer for sale 3217 Westchester Avenue. The subject property is a corner retail building in the Pelham Bay neighborhood of the Bronx, it is currently NNN leased to Chase Bank. The lease runs through April of 2024 with a 5-year renewal option. Chase currently pays $272,250/year, and their option lease has an annual rent of $299,475 starting in 2024. The building measures a total of 6,100 SF, and the property is outfitted with a drive through for more convenient service. The property also boasts potential for future mixed-use development. Zoned R7-1/C2-4, the lot has a maximum BSF of 37,564. Public transit is available just 0.2 miles away at the Pelham Bay Park Station, which services the MTA 6 train. Please call exclusive agents for more information.

Investment Highlights

  • $272,250 IN ANNUAL INCOME



  • ABSOLUTE NNN LEASE



  • REDEVELOPMENT POTENTIAL



  • CLOSE PROXIMITY TO THE MTA 6 TRAIN
Last Updated Date: 17 Feb 2021
Guthrie Garvin
Guthrie Garvin
Managing Director, Capital Markets
License details
NY-30GA1030860
Karl Brumback
Karl Brumback
Managing Director, Capital Markets
License details
NY-10301207863

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Last Updated Date: 17 Feb 2021

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