3160 Webster Ave

3160 Webster Ave, The Bronx, NY 10467

Property Information

  • For Sale $13,500,000
  • Property Type Mixed Use
  • Property Size 79,752 SF
  • Units 60
  • Lot Size 11,631 SF
  • # of Floors 10
  • Year Built 2017
  • Date Updated Jan 23, 2025

Description

Please Inquire for the price. 

GP Resi Interest: $1,250,000

Retail Condo Fee Simple: $7,000,000

RESIDENTIAL GP INTEREST SALE:
• Newly constructed elevator building (2017) with 100’ of frontage on Webster Avenue spanning 79,752 gross square feet
• 60-unit Affordable Condominium containing nine (9) studios, 19 one-bedrooms, 22 two-bedrooms, and nine (9) three-bedroom units
• Benefits from a 420C tax exemption expiring in 2049
• Approximately $5.12M worth of assumable financing at a 4.71% rate, expiring in 2049
• Situated in a prime Norwood location with a plethora of local and national retailers and restaurants

RETAIL CONDO FEE SIMPLE SALE:
• Newly constructed Commercial Condominium spanning 10,000 usable square feet
• Long-term medical tenant in place until 2038 with three (3), five (5) year renewal options
• Benefits from an ICAP tax abatement expiring in 2043
• Approximately $5.275M worth of assumable financing at a 5.5% rate, expiring in November of 2025
• NNN lease structure

 

 

 

Contacts

Victor Sozio

Ariel Property Advisors

Daniel Mahfar

Ariel Property Advisors

Jason M. Gold

Ariel Property Advisors

Location

Located at 3160 Webster Ave, The Bronx, NY 10467, this property is part of the Norwood neighborhood.

Contact 3160 Webster Ave
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