Investment Overview

The subject offering is a 22,520-square-foot, two-story commercial building located on the corner of Westchester Avenue and Colgate Avenue in the Bronx. The property recently underwent a substantial multi-million-dollar renovation and features 80 feet of frontage along Westchester Avenue (Built 80’ x 100’). The property is anchored by Arcadia Children’s Day Care & Preschool, which recently executed a new 20-year lease for 5,500 square feet on the ground floor. The lease features three percent annual rent increases and runs through March 2045. This location represents Arcadia’s second facility in the Bronx. Genius Therapy occupies 2,010 square feet on the ground floor, in addition to the entire second floor. The tenant provides early intervention services for children throughout all five boroughs of New York City. Their lease runs through 2038 and includes three percent annual rent escalations. Additionally, the property includes a 7,500-square-foot lower-level space with a dedicated private entrance from Colgate Avenue. The space has recently been renovated and is positioned for future lease-up, providing investors with additional upside potential. The property sits on a 7,750-square-foot lot zoned R6/C2-2, with a total buildable area of approximately 23,250 square feet. This is a rare opportunity to acquire a fully renovated, cash-flowing commercial asset located along a major Bronx thoroughfare. The property benefits from strong visibility, proximity to neighborhood retailers, and convenient access to public transportation, including the nearby 6 Train Station (Elder Avenue).