Your AI Navigator in Commercial Real Estate
Sign Up Successful!
You now have access to more from Realmo!
    For Lease
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search

    299 The Bronx, NY 10451

    Loading data...
    Loading data...
    Loading data...
    For Lease
    $2,150 /Mo

    Apartment for rent in The Bronx, NY.

    Lot size:
    0.08 Acres

    Property Features for 299 The

    General Information

    Lot size
    0.08 Acres

    Building Details

    Year built
    1925

    We can help!

    Listing Contact
    Michael Reese Machemer
    Source: Elliman

    Listing Agent: Michael Reese Machemer

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

    Learn more

    Overview

    The Bronx Apartment For Rent

    Apartment for rent at 299 E 161st St 707, The Bronx, NY 10451. The property is classified as multifamily and residential income property.
    Location Intelligence

    Current Use by Public Records

    Multifamily properties

    Map

    City
    Bronx
    County
    Bronx
    State
    New York
    Longitude
    -73.9235
    Latitude
    40.8208

    Nearby Similar for Lease

    • $3,000 /Mo

      Medical Office Space in Bronx

      Medical office space for rent in Pelham Park area.
      3060 Roberts Ave, Bronx, NY 10461
      View Details
    • $7,000 /Mo
      5,001 SF

      Bronx Office Space Available

      Office space for rent in the Bronx, New York.
      961 Morris Park Ave, Bronx, NY 10462
      View Details
    • $4,500 /Mo
      2,500 SF

      Renovated Office Space Available

      High-end office space with modern kitchen and parking.
      1508 Stillwell Ave, Bronx, NY 10461
      View Details
    • $12,000 /Mo
      5,462 SF

      Retail Space in Bronx, NY

      Retail property available for lease in the Bronx, NY.
      650 E Fordham Rd, Bronx, NY 10458
      View Details
    • $3,000 /Mo
      2,400 SF

      Medical/Dental Office Space Available

      Medical/Dental office space for rent in Pelham Park area.
      3060 Roberts Ave, Bronx, NY 10461
      View Details
    • $13,500 /Mo
      33,193 SF

      Professional Medical Office on Fordham

      Turn-key medical office space for lease in the Bronx.
      625 E Fordham Rd, Bronx, NY 10458
      View Details
    • $10,000 /Mo
      3,800 SF

      Medical Space Near Subway

      Medical office space available near the #6 subway line.
      1163 Manor Ave, Bronx, NY 10472
      View Details
    • $7,200 /Mo
      3,450 SF

      Versatile Commercial Space in Bronx

      Bright, adaptable commercial space suitable for various professional uses.
      3800 E Tremont Ave, Bronx, NY 10465
      View Details
    • $9,989 /Mo
      3,500 SF

      Spacious Bronx Retail/Office Opportunity

      Large commercial space in prime Bronx location, suitable for various uses.
      369 E 204Th St, Bronx, NY 10467
      View Details
    • New
      $14,000 /Mo

      Mott Haven Mixed-Use Building Lease

      Four-story mixed-use building in Mott Haven available for lease.
      230 E 144Th St, Bronx, NY 10145
      View Details
    • $8,000 /Mo

      Professional Medical Office on Fordham

      Turn-key medical office space for lease in the Bronx.
      625 E Fordham Rd, Bronx, NY 10458
      View Details
    • $7,000 /Mo
      5,301 SF

      Bronx Commercial Mixed-Use Opportunity

      6,500 SF commercial building in a transit-friendly Bronx location.
      2060 Wallace Ave, Bronx, NY 10462
      View Details

    FAQs

    What type of property is this?
    Multifamily property - Apartment for rent in The Bronx, NY.
    Where is this multifamily property located?
    The property is located at 299 The Bronx, NY.
    What are key features of this property?
    This property features: - Year Built: 1925
    (646) 306-2104
    Request Owner's contact information
    299 The Bronx, NY 10451
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    299 The
    Bronx, NY 10451
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    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.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    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.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    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
    299 The Bronx, NY 10451
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    We can help!
    Listing Contact
    Michael Reese Machemer
    (646) 306-2104
    Learn more
    Google sign-in failed. Please try again or use another login method.
    Create New Password
    • At least 8 characters
    • Contains both letters and numbers
    • Contains uppercase and lowercase letters
    • At most 32 characters
    • Password required
    • Password reset link has expired. Please request a new one.