2-Story Westchester Village Mixed-Use Building

Description:

Besen & Associates, as exclusive agent for Ownership, is pleased to offer for sale 2507-2513 East Tremont Avenue (the “Property”), located between Hone Avenue and Lurting Avenue in the Westchester Square neighborhood of The Bronx. Built by current and sole owner circa 1950, this 2-story, 3,760± SF mixed-use building contains 3 office units, 930± SF rented basement, one 2-BR apartment and curb cut driveway with parking for 5 cars. It is one of the largest Bronx hub sites for the T-Mobile DAS (Distributed Antenna System) telephone exchange, which has invested approximately $350K - $450K+ into this location. The Property offers stable cash-flow with credit tenant T-Mobile paying $16/SF until 7/1/2023, and two 5-year lease options. The Property has been meticulously maintained by ownership, with numerous capital improvements including roof, electrical and façade upgrades. It is in close proximity to the Westchester Square Medical Center and the Westchester Square/East Tremont Avenue & Zerega Avenue stops on the [6] subway train and has an MTA bus stop for the eastbound & westbound Bx4A, Bx40 and Bx42 buses directly in front of the building. There are several prominent retailers in the area, including an AutoZone and Honda dealership.

Documents: