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    1932 Jerome Ave Bronx, NY 10453

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    For Sale
    $5,900,000

    Split-zoned lot suitable for residential or commercial development.

    Property size:
    10,300 SF
    Lot size:
    0.24 Acres

    Property Features for 1932 Jerome Ave

    General Information

    Size
    10,300 SF
    Lot size
    0.24 Acres

    Source: Ariel Property Advisors Agent Daniel Mahfar

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    Overview

    Jerome Avenue Development Opportunity

    This property features a split-zoned lot between R8 and C4-4D zoning, allowing for 74,340 buildable square feet on Jerome Avenue. The lot encompasses 10,325 square feet and offers 50 feet of frontage on Jerome Avenue. It is located near the East Tremont and Burnside Avenue shopping corridors, providing access to local and national retailers. The area's rezoning aims to introduce more residential units through affordable housing in an area previously known for commercial and industrial use. Several development projects are currently underway in the area. The property is located two blocks from both the 176th Street 4 train and the Tremont Avenue B/D train.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Gilco Realty Llc Real Estate 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
    State
    New York
    Longitude
    -73.909487
    Latitude
    40.850966

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    FAQs

    What type of property is this?
    Commercial land - Split-zoned lot suitable for residential or commercial development.
    Where is this commercial land located?
    The property is located at 1932 Jerome Ave Bronx, NY.
    What is the asking price?
    The asking price for this property is $5,900,000.
    What are key features of this property?
    This property features: - Split-zoned lot (R8 / C4-4D) allowing for **74,340 BSF on Jerome Avenue.**; - 10,325 sq ft lot with **50 ft frontage on Jerome Avenue.**; - Prime location near East Tremont & Burnside Avenue shopping corridors.
    (212) 544-9500
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    1932 Jerome Ave Bronx, NY 10453
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    Bronx, NY 10453
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    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
    1932 Jerome Ave Bronx, NY 10453
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