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    585 E 167Th St, Unit The Bronx, NY 10456

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    For Sale
    $790,000

    Multi-family property in Morrisania, South Bronx with vacant units.

    Lot size:
    0.06 Acres

    Property Features for 585 E 167Th St

    General Information

    Lot size
    0.06 Acres

    Building Details

    Year built
    1901

    Source: eXp Realty Agent Alex V. Baez

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

    Overview

    Morrisania Multi-Unit Residence

    Located in the Morrisania neighborhood, this multi-family property at 585 E 167th St, Bronx, NY 10456, offers convenient access to transportation, including train, bus, and highway options. The property features a dynamic layout, with Unit 1 containing 2 bedrooms and a bathroom, while Units 2 and 3 each offer 3 bedrooms and a bathroom. Amenities include a garage, a multifunctional basement, and a backyard. All units will be delivered vacant at closing, providing flexibility and income opportunities.
    Location Intelligence

    Current Use by Public Records

    Multifamily properties

    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
    -73.90463
    Latitude
    40.82892

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    FAQs

    What type of property is this?
    Multifamily property - Multi-family property in Morrisania, South Bronx with vacant units.
    Where is this multifamily property located?
    The property is located at 585 E 167Th St, Unit The Bronx, NY.
    What is the asking price?
    The asking price for this property is $790,000.
    What are key features of this property?
    This property features: - All units delivered vacant, offering flexibility.; - Prime Morrisania, South Bronx location with easy access to transportation.; - Multi-unit property: Unit 1 (2 bed/1 bath), Units 2 & 3 (3 bed/1 bath each).
    (646) 830-7660
    Request Owner's contact information
    585 E 167Th St, Unit The Bronx, NY 10456
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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
    585 E 167Th St, Unit The Bronx, NY 10456
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