Bronx

Commercial space in Westchester Square

Westchester Square in the east Bronx is a shopping street around the square where Westchester Avenue, East Tremont Avenue and the elevated 6 train meet. The largest office buildings nearby are at the Hutchinson Metro Center on Waters Place, an office campus beside the Hutchinson River Parkway, and on Eastchester Road, while the blocks around Zerega Avenue to the south hold warehouses and distribution buildings near the Bruckner and Cross Bronx Expressways.

Commercial properties
821
Office stock
3.7M SF
Median year built
1950
Known for
Office, Industrial, Retail

Building figures are existing stock from NYC PLUTO 26v2 tax lot records, not space on the market. More below.

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NYC tax lot records

The building stock in Westchester Square

What already stands here, from the city's own property data. Useful for sizing a search before a single space is listed.

Commercial properties
821
Office space
3.7M SF
Retail space
1.5M SF
Built before 1940
46%

Largest office buildings

  1. 13 floors · built 2007
  2. 4 floors · built 1974
  3. 8 floors · built 1966
  4. 2 floors · built 1982
  5. 7 floors · built 2020
All 17 large commercial buildings in Westchester Square

Age, height and zoning

  • Median year built: 1950.
  • Median height: 2 floors.
  • Most common zoning districts: R6 (189), M1-1 (121), R7-1 (105). 19% of these lots are zoned for manufacturing.
  • 2 lots are designated city landmarks.

Source: NYC Department of City Planning, PLUTO 26v2, pulled 2026-10-03. Counts cover tax lots with commercial floor area within about 0.5 mi of Westchester Square's commercial core, and each lot counts toward one neighborhood only, so boundaries are approximate. Building figures are the city's floor-area estimates, not available space.

MTA station data

Subway stations in Westchester Square

Every station within about 0.6 mi of Westchester Square's commercial core, closest first. Stations joined by a free transfer count once.

Stations
6
Subway lines
1
Fully accessible
2 of 6
Closest
Westchester Sq-E Tremont Av, 1 min walk

The 6 stations

  • Westchester Sq-E Tremont Av1 min walk · Accessible station
  • Zerega Av7 min walk · Not accessible
  • Middletown Rd8 min walk · Not accessible
  • Castle Hill Av8 min walk · Not accessible
  • Buhre Av9 min walk · Not accessible
  • Pelham Bay Park11 min walk · Accessible station

Lines

The 6 train stop within about 0.6 mi of Westchester Square's core.

Step-free access

  • Westchester Sq-E Tremont Av (6) is fully accessible.
  • Pelham Bay Park (6) is fully accessible.

Source: Metropolitan Transportation Authority, MTA Subway Stations, pulled 2026-10-03. Walking times are straight-line estimates from the nearest point of Westchester Square's commercial core (the same area as the building counts), so the street route is longer. Accessibility is the MTA's rating for the named station. PATH, LIRR, Metro-North and ferries are not in this data.

NYC property records (ACRIS)

Recent building sales in Westchester Square

6 sales of the large commercial buildings Leasemark tracks in Westchester Square have been recorded since 2016, $350.3 million in all.

Newest sales

  1. March 2023 · 3 tax lots · to BP GROUP BRONX TIC LLC
  2. April 2022 · $735 a SF · to B9 COMMERCE OWNER LLC
  3. 1231 Seabury Avenue$29.5 million
    August 2021 · $421 a SF · to AHI GLENOAKS, INC.
  4. December 2018 · to RLF II BASSETT, LLC
  5. December 2017 · $398 a SF · to PRIME STORAGE ZEREGA, LLC
  6. November 2016 · 3 tax lots

Since 2016

  • Largest: 1502 Bassett Avenue, $115 million in December 2018.
  • Median price: about $421 a square foot of floor area, across 3 one-building sales.
  • Newest deed on record: March 2023. The city's open data runs about a month behind.
All 6 building sales in Westchester Square

Source: NYC Department of Finance, ACRIS, Real Property Master, Legals and Parties, pulled 2026-10-03; prices as the deeds state them, buyers named only when they are companies. These are sales of the large buildings Leasemark tracks, not every sale here: condo buildings (sold unit by unit), partial interests and sales of the company that owns a building are left out.

NYC Department of Finance

Commercial property taxes in Westchester Square

Of the 17 large commercial buildings Leasemark tracks in Westchester Square, 16 carry property tax on the city's 2026/27 assessment roll. Their median estimated tax is about $7.24 per square foot of floor area a year, before abatements.

Largest estimated bills

  1. $8.88 a SF · market value $125.4 million
  2. 1200 Waters Place$3.98 million
    $8.83 a SF · market value $95.1 million
  3. 1250 Waters Place$2.42 million
    $3.26 a SF · market value $155.3 million
  4. 1502 Bassett Avenue$2.31 million
    $6.31 a SF · market value $59 million
  5. $11.43 a SF · market value $33.4 million
  6. $9.57 a SF · market value $27.3 million

Across 16 taxed buildings

  • The middle half pay between $5.52 and $9.05 a square foot of floor area a year.
  • Bronx median: $6.10 a square foot, across 94 large buildings Leasemark tracks.
  • Median market value on the roll: about $192 a square foot. That is the city's valuation for tax, not a sale price.
  • 1 building is fully exempt: 1261 Seabury Avenue. Exemptions like these are common for government, nonprofit and PILOT properties.

Source: NYC Department of Finance, Property Valuation and Assessment Data, 2026/27 roll, pulled 2026-10-03. Estimates are the taxable value after exemptions times the Class 4 rate of 10.848% (tax year 2025/26, the latest the city lists), divided by the building's floor area in PLUTO. They leave out abatements such as ICAP, payment-in-lieu-of-taxes agreements and charges, so actual bills differ. Large buildings only (50,000 SF and up in Bronx).

NYC Department of Buildings permits

Interior build-outs in Westchester Square

In the 12 months to October 2026, the Department of Buildings issued first permits for 7 interior build-outs in 6 of the 17 large commercial buildings Leasemark tracks in Westchester Square, with work permitted on 6 floors in all. Their filed cost estimates add up to about $200 million.

Most build-outs, last 12 months

  1. 2 floors with work
  2. 1 floor with work
  3. 1 floor with work
  4. 1 floor with work
  5. 1 floor with work
  6. Named parts only
  • 35% of the buildings tracked here had a build-out, against 30% across the Bronx.

Build-outs by quarter

  • Q1 20252
  • Q2 20250
  • Q3 20252
  • Q4 20251
  • Q1 20263
  • Q2 20262
  • Q3 20261
  • Q4 2026 to Oct 10

Newest

Source: NYC Department of Buildings, DOB NOW: Build Approved Permits, pulled 2026-10-03 (permits issued through 2026-10-01). A build-out groups interior jobs (construction, mechanical, plumbing, sprinklers and the like) on the same floors first permitted within 120 days of each other, dated by its first permit. Only the large buildings Leasemark tracks count (50,000 SF and up), not every permit in the neighborhood. Costs are the estimates filed with the jobs. A permit does not say who the work is for.

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Questions about Westchester Square

How much commercial space is there in Westchester Square?

New York City's PLUTO tax lot data (26v2) records about 16.6 million square feet of commercial floor area across 821 properties in the part of Westchester Square Leasemark covers, including about 3.7 million square feet of office and about 1.5 million square feet of retail. The largest office building by that measure is 1250 Waters Place, at about 538,000 square feet. That is the existing building stock, not space currently available.

What subway lines serve Westchester Square?

Six subway stations sit within about 0.6 mi of Westchester Square's commercial core, served by the 6 train. The closest is Westchester Sq-E Tremont Av (6), roughly 1 minute on foot; then Zerega Av (6), Middletown Rd (6), Castle Hill Av (6), Buhre Av (6) and Pelham Bay Park (6). Walking times are straight-line estimates from MTA station data.

Which subway stations in Westchester Square are accessible?

Two of the six stations within about 0.6 mi of Westchester Square's commercial core are fully accessible, per the MTA: Westchester Sq-E Tremont Av (6) and Pelham Bay Park (6).

When did a large commercial building in Westchester Square last sell?

The newest sale on record is 3250 Westchester Avenue and 3651 Bruckner Boulevard, which sold in March 2023 for $57 million (3 tax lots together) to BP GROUP BRONX TIC LLC, per the deed recorded with the city. 6 sales, $350.3 million in all, have been recorded of the large commercial buildings Leasemark tracks in Westchester Square since 2016.

See every building sale in Westchester Square

How much are commercial property taxes in Westchester Square?

On the Department of Finance's 2026/27 assessment roll, the 16 large commercial buildings Leasemark tracks in Westchester Square that pay property tax come to a median of about $7.24 per square foot of floor area a year, with the middle half between $5.52 and $9.05. That is the taxable value after exemptions times the Class 4 rate of 10.848% (tax year 2025/26, the latest the city lists), before abatements such as ICAP. The largest estimated bill is 1776 Eastchester Road, about $5.81 million a year. 1 more building is fully exempt. Many office leases pass a tenant's share of increases over a base year through as additional rent.

How taxes show up in gross and net leases

How much build-out work is happening in Westchester Square?

In the 12 months to October 2026, the Department of Buildings issued first permits for 7 interior build-outs in 6 of the 17 large commercial buildings Leasemark tracks in Westchester Square, with work permitted on 6 floors in all. Their filed cost estimates add up to about $200 million. The most were at 1776 Eastchester Road (2 build-outs). A build-out here is interior work on the same floors (construction, mechanical, plumbing, sprinklers and the like) first permitted within 120 days. New interior work usually follows a lease, so it is a rough sign of where tenants are moving in, but a permit does not say who the work is for.

Build-outs in every NYC neighborhood

Do tenants in Westchester Square pay the NYC Commercial Rent Tax?

No. The Commercial Rent Tax only applies to space in Manhattan below 96th Street. It was repealed for Bronx, so a commercial lease in Westchester Square does not pay it at any rent.

See where the Commercial Rent Tax applies

Is it free to post on Leasemark?

Yes. Posting a space or a requirement is free. Contact details are only shared when both sides accept an intro.