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    514 E 163Rd St Bronx, NY 10451

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    For Lease
    Contact for pricing

    Retail space with heavy foot traffic near public transportation.

    Property size:
    7,500 SF
    Lot size:
    0.30 Acres

    Property Features for 514 E 163Rd St

    General Information

    Size
    7,500 SF
    Lot size
    0.30 Acres

    Source: Kassin Sabbagh Realty (KSR) Agent Marc Sitt

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

    Overview

    Former Retail Space Available

    This 7,500 square foot retail space is located on a high-traffic corner and was formerly occupied by Duane Reade. The property is conveniently located adjacent to the Bx6, Bx15, and Bx21 bus stops and is a short walk from the Prospect Ave subway station.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Diyrealestateinvestment Real Estate Consultant

    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.

    Similar Places Nearby

    Fuller Drug Store, Family Pharmacy, Third Ave Pharmacy, Courtesy Drugs & Surgical, Cir-Kort Pharmacy

    Location Insight

    • Map
    • Local Demand
    City
    Bronx
    County
    Bronx
    State
    New York
    Longitude
    -73.910314
    Latitude
    40.824636

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    FAQs

    What type of property is this?
    Drug store - Retail space with heavy foot traffic near public transportation.
    Where is this drug store located?
    The property is located at 514 E 163Rd St Bronx, NY.
    What are key features of this property?
    This property features: - Heavy foot traffic corner location; - Former Duane Reade (established retail space); - Adjacent to multiple bus lines (Bx6, Bx15, Bx21)
    (917) 757-8863
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    514 E 163Rd St Bronx, NY 10451
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    Bronx, NY 10451
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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
    514 E 163Rd St Bronx, NY 10451
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