Your AI Navigator in Commercial Real Estate
Sign Up Successful!
You now have access to more from Realmo!
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search

    1248 Castle Hill Ave Bronx, NY 10462

    Sponsored
    For Sale
    $2,200,000

    Six-unit building, high-traffic location.

    Property size:
    3,600 SF

    Description

    Added:
    Feb 3, 2025
    Days on Market:
    337
    This exceptional mixed-use property, located at 1248 Castle Hill Avenue in the Bronx, New York, presents a compelling investment opportunity. The 3,600 square foot building sits on a 0.04-acre lot and is currently configured as six units: three commercial and three residential. The commercial spaces are fully operational and occupied by established businesses. A prominent Guyanese roti restaurant serves as the anchor tenant, complemented by a thriving beauty salon and a security office catering to the local community. The residential units comprise two two-bedroom apartments and one one-bedroom apartment. This property is situated in the vibrant Castle Hill/Parkchester neighborhood, known for its high traffic volume and strong potential for growth. The asking price is $2,200,000, offering a potential 7.1% cap rate. This is a turnkey investment with immediate cash flow and significant upside potential. The property is currently without leases, allowing for immediate control and future rent adjustments. Serious inquiries are encouraged.

    Property Features for 1248 Castle Hill Ave

    General Information

    Property type
    Mixed-use properties
    Square Feet
    3,600 SF
    Lot Size
    1,742 SF

    Building Details

    Year Built
    1925
    Property Profile Location Intelligence

    Current Use by Public Records

    Melanie's Caribbean Restaurant Casablanca Holdings Holding Company Professional Protection Security ... Security Guard Service LEA FOR SECURITY OFFICERS ... Security Guard Service Goosehead Insurance - Julissa ... Insurance Agency

    Suggested Use

    Law Firm Restaurant Realty agency Spa & Massage Dental Office Hair Salon Clothing Store Nail Salon Food Market Gym & Fitness

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Bronx
    County
    Bronx County
    State
    New York
    Longitude
    -73.85115
    Latitude
    40.8333

    Nearby Similar for Sale

    • $1,599,000
      3,500 SF

      Bronx Two-Family with Accessory Suite

      Custom-built two-family home with in-law suite and modern amenities.
      2757 Tenbroeck Ave, Bronx, NY 10469
      View Details
    • $1,350,000
      Pending

      Bronx Colonial Multifamily Investment Property

      Legal 4-family home in Woodlawn, close to Manhattan.
      65 E 233Rd St, Bronx, NY 10470
      View Details
    • $875,000
      0.06 Acres

      Bronx SRO Investment Opportunity

      13-unit SRO with owner's duplex in Van Nest.
      376 Bronx Park Ave, Bronx, NY 10460
      View Details
    • $1,399,000
      2,912 SF

      Renovated Multi-Family Home, Pelham Bay

      Renovated multi-family home near the #6 train and Pelham Bay Park.
      1711 Mahan Ave, Bronx, NY 10461
      View Details
    • $999,000
      Pending

      Morris Park Multi-Family Home

      Updated multi-family home in Morris Park near transportation and retail.
      959 Van Nest Ave, Bronx, NY 10462
      View Details
    • New
      $1,999,900
      0.11 Acres

      Renovated Two-Family Home in Bronx

      Modern, renovated two-family home in Riverdale with great ROI potential.
      6140 Delafield Ave, Bronx, NY 10471
      View Details
    • $875,000
      Pending

      Bronx Two-Family Home For Sale

      Well-maintained two-family home in Throggs Neck, Bronx.
      280 Throggs Neck Blvd, Bronx, NY 10465
      View Details
    • $775,000
      Pending

      Refreshed Bronx Two-Family Home

      Two-family home in Williamsbridge area, move-in ready, income potential.
      3650 Olinville Ave, Bronx, NY 10467
      View Details
    • $1,290,000
      0.17 Acres

      Bronx Retail Property For Sale

      Retail property available for purchase in the Bronx, New York.
      1506 Bronxdale Ave, Bronx, NY 10462
      View Details
    • $810,000
      0.06 Acres

      Bronx Two-Family Home with Garage

      Well-maintained two-family home in the Bronx with investment potential.
      820 Penfield St, Bronx, NY 10470
      View Details
    • $1,050,000
      0.16 Acres

      Riverdale Multifamily Investment Opportunity

      Multifamily home with income potential in prime Riverdale location.
      3650 Waldo Ave, Bronx, NY 10463
      View Details
    • $1,320,000
      0.06 Acres

      Renovated Two-Family Home, Move-In Ready

      Fully renovated two-family home with modern upgrades and income potential.
      2916 Heath Ave, Bronx, NY 10463
      View Details

    FAQs

    What type of property is this?
    Mixed-use property - Six-unit building, high-traffic location.
    Where is this mixed-use property located?
    The property is located at 1248 Castle Hill Ave Bronx, NY.
    What is the asking price?
    The asking price for this property is $2,200,000.
    (917) 962-4962
    Request Owner's contact information
    1248 Castle Hill Ave Bronx, NY 10462
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    1248 Castle Hill Ave
    Bronx, NY 10462
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    1248 Castle Hill Ave Bronx, NY 10462
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Google sign-in failed. Please try again or use another login method.
    Create New Password
    • At least 8 characters
    • Contains both letters and numbers
    • Contains uppercase and lowercase letters
    • At most 32 characters
    • Password required
    • Password reset link has expired. Please request a new one.