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509 Willis Avenue, Bronx, NY, 10455

509 Willis Avenue
$5,750,000

Key Information

$ per SF
$338
Tot. SF
17,000
Lot Size
0.05 Acres
Units
14
Type
Mixed Use
NOI
$339,926

Highlights

  • Corner Mixed-Use Asset in a High-Traffic Corridor: Located along Willis Avenue, a major commercial thoroughfare in the South Bronx, the property benefits from strong foot traffic, dense population, and excellent visibility for ground-floor retail.
  • Stable Income with Diversified Revenue Stream: The office-over-retail configuration reduces risk through tenant diversification and offering a balance between retail exposure and office stability.
  • Value-Add Potential Through Lease-Up and Repositioning: Opportunity to increase rents and overall NOI through leasing vacant space, renewing below-market tenants, and upgrading office interiors to achieve higher rents.
  • Favorable Zoning, Residential Conversion Opportunity: C4-4 zoning has an R7-2 residential equivalent, presenting opportunity for future redevelopment or conversion to residential use.
  • Long-Term Upside: Positioned in an area experiencing ongoing investment and redevelopment, offering long-term appreciation and potential for repositioning.
  • Transit Oriented Location: The 2 & 5 trains are just one block away, with access to Midtown Manhattan and Grand Central Terminal within 25 minutes.
  • Attractive Entry Point into Bronx Market: Compared to Manhattan and other boroughs, the Bronx offers a lower basis with strong upside, making this an appealing opportunity for investors seeking yield and growth.

Photos

Location

Agents

Broker of Record

Cory Rosenthal

License # 10991237833, 10311210106 (NY)
Matthews Real Estate Investment Services, Inc
575 5th Ave., Ste 2810 New York, NY 10017