Property profile

415 167th St Bronx, NY 10456

OFF-MARKET
Warehouses
Property ID
US63-0125882
20,732 SF 0.48 ac lot Built 1931
Entity Owned 4-yr Hold ~ Est. High Equity
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Property summary

AI-generated overview

This exceptional investment opportunity presents a substantial 20,732-square-foot warehouse situated on a sizable 0.42-acre lot in the heart of the Bronx, New York. Boasting a prominent corner location, the property benefits from excellent signage and high visibility due to its position at a signalized intersection. The building features impressive 20-foot ceilings, providing ample vertical space for various uses. Three strategically placed curb cuts, along with 32 on-site parking spaces, ensure convenient access and ample parking for employees and customers. The property is zoned M1-1, offering flexibility for a range of commercial applications. Further enhancing its functionality are three roll-up doors and three-phase power. Its strategic location provides easy access to major transportation arteries, including I-95, I-278, and I-87, placing it within minutes of Yankee Stadium. The surrounding area is densely populated with established businesses, including Verizon, T-Mobile, Home Depot, Extra Space Storage, CVS, Walgreens, and many more, indicating a strong and vibrant commercial environment. The property can be delivered vacant upon request. Annual property taxes are $38,751. This property presents significant upside potential for investors, developers, and end-users seeking a prime location with substantial space and excellent accessibility. Don't miss this chance to acquire a truly exceptional commercial property in a rapidly growing area.

Property profile

Verified
Property type Warehouses
Use group WAREHOUSE, STORAGE
Year built 1931
Total area 20,732 SF
Lot 0.48 ac (20,699 SF)
Zoning code M1-1
APN 02394-0034
UPID US63-0125882

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Current use

Occupant on record · Public records
  • Parking Lot & Garage
  • Big Box & Wholesale Store

Location

415 167th St Bronx, NY 10456-4037
Bronx metro Census 14500 NEW YORK-NORTHERN NEW JERSEY-LONG ISLAND, NY-NJ-PA METROPOLITAN STATISTICAL AREA
Google Maps

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
$5.50M
CAP Approach CAP
by Request
Comparable Approach Comparable
$5.16M
Blend (final) Blend
$5.41M

Owner & transaction history

since 2022
Last sale
$5.3M
6 recorded transactions
2023
Price N/A
2022
$5.3M
2006
$1.4M
1998
$215,000
1997
$125,000
1969
Price N/A

Zoning & alternative use

M1-1 · Bronx, NY

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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