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    Corner Commercial Building with Opportunity Title is generated by Realmo AI

    2008 Eastchester Road, Bronx, NY 10461

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    Picture of Auto shops at 2008 Eastchester Road, Bronx, NY
    Pending
    $2,500,000

    SINGLE_FAMILY - Bronx, NY

    Type:Retail
    Property size:
    6,500 SF
    Lot size:
    0.28 Acres
    Added:
    Nov 6, 2024
    Days on Market:
    556
    Last Refresh:
    May 16 at 7:06 pm

    Property Features for 2008 Eastchester Road

    General Information

    Property type
    Residential
    Property subtype
    Retail
    Zoning
    M1-1
    Parking features
    Assigned
    Appliances
    Gas Water Heater
    Standard status
    Pending
    APN
    04218-0001
    Size
    6,500 SF
    Lot size
    0.28 Acres

    Taxes and HOA fees

    Tax Year
    2024
    Tax Annual Amount
    30000

    Utilities

    Heating system
    Forced Air, Natural Gas
    Cooling system
    Central Air
    Water source
    Public

    Building Details

    Year built
    1949
    Floors in Building
    2
    Number of units
    2

    We can help!

    Listing Contact
    Vincent Buccieri

    Listing agent Vincent Buccieri License #10301203112

    Listing office Today Realty Corp. 1934 Williamsbridge Rd, BRONX, NY

    Listing date Nov 6, 2024

    MLS# H6335657

    Copyright © 2026 OneKey MLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    HighLights

    • Prime corner location at Stillwell & Eastchester Rd in a re‑zoning area.
    • Active auto/oil mechanic business on the 1st floor with additional parking.
    • ADA‑approved medical office suites on the 2nd floor (approximately 6500 sq ft) with active elevator and atrium foyer.
    • High exposure and high traffic area.
    • Suitable for investor, medical, or automotive business.
    • Central air cooling and forced air/natural gas heating.

    Overview

    This commercial property is located on the corner of Stillwell and Eastchester Road in the Bronx, NY. The property is in a prime re-zoning area. The building features an active auto/oil mechanic business on the first floor with additional parking. The second floor consists of approximately 6500 sq ft of ADA-approved medical office suites, accessible via an active elevator and atrium foyer. The property is situated on a 0.2778-acre lot and is zoned M1-1. The building is a high-exposure corner building in a high-traffic area, offering potential for various business uses.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Manoj V. Thomas, ... Physician Randa Jaafar MD ... Physician Sireen M. Gopal, ... Physician New York Spine ... Physician Italy A&F Express ... Auto Repair Shop

    Suggested Use

    Real Estate Agency Law Firm Restaurant Spa & Massage Center Dental Office Hair Salon Nail Salon Building Supply Gym & Fitness Center Accounting Firm

    Zoning and permitted uses should be independently verified with local authorities.

    Similar Places Nearby

    • Fine Tune Auto Repair Inc. — 1620 eastchester rd, the bronx, ny 10461
    • Fine Tune Auto — 1620 Eastchester Rd, Bronx, NY 10461
    • Jerry & Son Auto Service Inc. — 1602 Bronxdale Ave, Bronx, NY 10462
    • American A-1 Auto Center — 2601 St Raymond Ave, Bronx, NY 10461
    • Bronx Auto Repair — 1602 Bronxdale Ave, Bronx, NY 10462

    Location Insight

    • Map
    • Local Demand
    City
    Bronx
    County
    Bronx
    State
    New York
    Longitude
    -73.84313
    Latitude
    40.853909

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    FAQs

    What type of property is this?
    Auto shop - Commercial building suitable for investment, medical, or automotive business.
    Where is this auto shop located?
    The property is located at 2008 Eastchester Road Bronx, NY.
    What is the asking price?
    The asking price for this property is $2,500,000.
    What are key features of this property?
    This property features: Prime corner location at Stillwell & Eastchester Rd in a re‑zoning area.; Active auto/oil mechanic business on the 1st floor with additional parking.; ADA‑approved medical office suites on the 2nd floor (approximately 6500 sq ft) with active elevator and atrium foyer.
    (718) 597-1777
    We can help!
    Listing Contact
    Vincent Buccieri
    Real Estate License ID: 10301203112
    Learn More
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    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.

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