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Property profile & analytics
FOR SALE
Commercial land

860 E 147Th St Bronx, NY 10455

74,172 SF
Property ID
US63-0898085-01
Property summary
AI-generated overview

The East 147th Street corridor has emerged as the definitive bridge between the historic "Hub" of the Bronx and the rapid luxury development of the Mott Haven waterfront. Historically a district characterized by low-density industrial use, the area has undergone a strategic rezoning (R7X/C1-4) designed to facilitate a high-density, mixed-use future. This shift is best exemplified by the success of immediate neighbors like MLK Plaza (869 E 147th St), which brought 165 modern residential units to the block, proving the area’s viability as a destination for both high-quality housing and essential community-centric retail. The site at 860-870 East 147th Street sits at the epicenter of this "15-minute neighborhood" evolution. With the 6-train just two blocks away and the 35-acre St. Mary’s Park acting as a regional anchor, the corridor is no longer an industrial outlier but a vital residential hub. Developers and retail tenants are increasingly drawn to this pocket for its unique "value-add" position: it offers the foot traffic of a major transit-oriented district without the extreme congestion of 149th Street, providing a premium canvas for modern mixed-use development that serves a growing, diverse consumer base.

Property profile
Verified
Property type Commercial land
Total area 74,172 SF
UPID US63-0898085-01
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
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CAP Approach CAP
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Comparable Approach Comparable
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Blend (final) Blend
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Owner & transaction history
Owner on record
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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