3250 Westchester AveThe Bronx, NY 10461

  • Office properties
  • 65,596 SF
For Lease

Property Details for 3250 Westchester Ave

Year built
1954
Lot size
1.04 AC
Property size (Sq ft)
65,596 SF
Zone code
R7-1
Property type
Office properties
Property subtype
Office buildings
APN
04239-0005
APU
42390005

Description

This exceptional medical office space at 3250 Westchester Avenue in the Bronx, New York, offers four available suites ranging from 520 to 2,200 square feet. The property is ideally situated in the East Bronx neighborhood, conveniently located between Continental Avenue and Amendola Place. Its strategic position provides easy access to public transportation, with the 6 train at Pelham Bay Park station just a short distance away. Numerous bus lines also serve the area, including the BxM8, Bx12, Bx24, Bx23, Q50, Bx29, and Bx5. This ensures convenient commuting for both staff and patients. The building benefits from a high concentration of established businesses and services in close proximity. Nearby amenities include popular restaurants such as Dunkin', Burger King, Subway, and Popeyes Louisiana Kitchen, as well as major banking institutions like Chase, Citi, Citizens, and TD Bank. Furthermore, the area boasts a strong medical presence, with existing tenants including American Access Care Bronx, Farah Retina Consultants, and Physicians Medical Rehabilitation Assocs, among others. Other local businesses include Empire Bagels, Key Food Supermarkets, and Pain Management Specialists of New York, creating a vibrant and well-established commercial environment. The property's multiple suite options provide flexibility for various medical practices and sizes. This prime location and convenient amenities make this an excellent opportunity for medical professionals seeking a thriving and accessible location for their practice. The property is classified as Office, Special Purpose with a Subtype of Medical Offices and features multiple tenancies. The zip code is 10461.

Valuation
by Paperhouses methods

Valuation date:
Dec 11, 2024
  • CAP approach

    CAP return
    Valuation
    6%
    $10,844,978
    6.5%
    $10,010,749
    7%
    $9,295,696
  • Comparable approach

    Method
    Valuation
    Relative Method
    $8,570,773
    Geo Method
    $8,570,773
  • Alternative Use

    Use
    Valuation
    Residential
    $12,413,329
    Hospitality
    $11,370,542
    Educational
    $9,460,158
    Medical
    $9,785,507
    Retail
    $14,715,801
3250 Westchester Ave, The Bronx, New York

Location Insight

City
Bronx
County
Bronx
State
New York
Latitude
40.852
Longitude
-73.8282
CBSA code
35620
CBSA name
NEW YORK-NORTHERN NEW JERSEY-LONG ISLAND, NY-NJ-PA METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

Tax date
Tax Amount
Assessed Land Value
Assessed Improvement Value
Total Assessed Value
Applied Tax Rate
Land Market Value
Improvement Market Value
Total Market Value
2024
$693,111
$1,037,700
$5,506,025
$6,543,725
-
$2,306,000
$17,937,000
$20,243,000

FAQs

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