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    1661 East 172Nd St, Unit The Bronx, NY 10472

    For Sale
    $1,310,000

    Multifamily property with office space, prime location, strong rental history.

    Lot size:
    0.06 Acres

    Property Features for 1661 East 172Nd St

    General Information

    Lot size
    0.06 Acres

    Building Details

    Year built
    1926

    Source: eXp Realty Agent Omar Alrobaye

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

    Overview

    Well-Maintained Multifamily Property with Office

    The property at 1661 East 172nd Street is a well-maintained building featuring three residential units, one office space, and a spacious basement. The first-floor unit includes 3 bedrooms and 1 full bathroom. The second floor houses two units, one with four bedrooms and the other with three bedrooms, each with a full bathroom. All units are currently occupied by tenants. The location offers convenient access to public transportation, including the 6 train and buses such as the Bx11 and Bx4. It is also situated near parks, schools, and local stores. The property's rental history and market demand suggest potential long-term upside for investors.
    Location Intelligence

    Current Use by Public Records

    Office space

    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
    -73.872793
    Latitude
    40.832306

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    FAQs

    What type of property is this?
    Apartment building - Multifamily property with office space, prime location, strong rental history.
    Where is this apartment building located?
    The property is located at 1661 East 172Nd St, Unit The Bronx, NY.
    What is the asking price?
    The asking price for this property is $1,310,000.
    What are key features of this property?
    This property features: - Three living units plus office space offer diverse income streams.; - Prime location near public transportation (6 train, Bx11, Bx4).; - Strong rental history with currently occupied units.
    (718) 310-8831
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    1661 East 172Nd St, Unit The Bronx, NY 10472
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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
    1661 East 172Nd St, Unit The Bronx, NY 10472
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