135 Westchester SqThe Bronx, NY 10461

  • Mixed-use properties
  • 7,700 SF
For Lease
$52.92/SF/YR View listing

Property Details for 135 Westchester Sq

Year built
1905
Lot size
0.07 AC
Property size (Sq ft)
7,700 SF
Zone code
R6
Property type
Mixed-use properties
Property subtype
Other investment properties
APN
03857-0080
APU
38570080

Description

This 1,300 square foot creative office space is located at 135 Westchester Square in the Bronx, NY (10461), a prime corner location directly across from the newly renovated #6 train station with elevators. The two-story, 7,700 square foot building, built in 1905 and renovated in 2012, features attractive architectural details including cherry hardwood floors, oakwood columns and staircase, and exposed brick walls. The space includes granite windowsills and kitchen countertops, wood kitchen cabinets, and one men's and one women's restroom. The building is zoned R6, Bronx and sits on 0.7 acres of land. Ample street parking is available, and the property benefits from high foot traffic due to its corner location and proximity to the #6 train and several bus routes (#4, #8, #21, #31, and #40). Numerous dining options are nearby, including a diner on the first floor. The property offers excellent visibility with two large front-facing windows and is conveniently located half a mile from the Hutchinson River Parkway. This Class C building offers a unique blend of classic and modern aesthetics, making it an ideal location for businesses seeking high visibility and accessibility. The space is part of a multi-tenant building.

Valuation
by Paperhouses methods

Valuation date:
Dec 11, 2024
  • CAP approach

    CAP return
    Valuation
    6%
    $1,578,570
    6.5%
    $1,457,141
    7%
    $1,353,060
  • Comparable approach

    Method
    Valuation
    Relative Method
    $1,559,427
    Geo Method
    $1,559,427
  • Alternative Use

    Use
    Valuation
    Residential
    $1,457,141
    Hospitality
    $1,334,734
    Educational
    $1,110,483
    Medical
    $1,148,674
    Retail
    $1,727,417
135 Westchester Sq, The Bronx, New York

Location Insight

City
Bronx
County
Bronx
State
New York
Latitude
40.8397
Longitude
-73.8427
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
$37,702
$65,700
$369,090
$434,790
-
$146,000
$645,000
$791,000

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