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    368 148Th St New York, NY 10455

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    Single-Tenant Medical Office, Bronx, NY

    Lot size:
    21,200 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    393
    This exceptional seven-story medical office building, located at 368 East 148th Street in the Bronx, presents a unique investment opportunity. The property boasts a total of 21,200 square feet situated on a 2,700 square foot lot. Currently occupied by a non-profit organization under a lease expiring May 1, 2021, this Class C building offers significant potential for future use. The interior is thoughtfully designed with a mix of private rooms and conference rooms, making it ideal for a variety of medical, office, or educational purposes. Other uses will be considered. The building features a single standard elevator, ensuring convenient access to all seven floors, each with approximately 2,650 square feet of usable space. Its convenient location in the Bronx submarket offers easy access to public transportation, being just around the corner from the 2 and 5 subway lines at the 149th Street/3rd Avenue station. This single-tenant property presents a compelling opportunity for investors seeking a well-located, established medical office building in a thriving area of the Bronx County. The building's existing infrastructure and layout provide a solid foundation for a variety of potential uses, making it an attractive prospect for both short-term and long-term investment strategies.

    Property Features for 368 148Th St

    General Information

    Property type
    Medical offices
    Lease Type
    Gross Lease
    RSF (Rentable sq. ft)
    21,200 SF
    Class
    C

    Building Details

    Stories
    7

    Unit(s) available at that property

    Space
    Size
    21,200 SF

    HighLights

    • 21,200 SF medical office building in the Bronx.
    • Single‑tenant occupancy.
    • Seven‑story building with 2,700 SF lot.
    • One standard elevator.
    • Class C building.
    Property Profile Location Intelligence

    Current Use by Public Records

    Medical offices

    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
    New York
    County
    Bronx
    State
    New York
    Longitude
    -73.9193338
    Latitude
    40.8155987

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    FAQs

    What type of property is this?
    Medical office - Single-Tenant Medical Office, Bronx, NY
    Where is this medical office located?
    The property is located at 368 148Th St New York, NY.
    What are key features of this property?
    This property features: 21,200 SF medical office building in the Bronx.; Single-tenant occupancy.; Seven-story building with 2,700 SF lot.
    Request Owner's contact information
    368 148Th St New York, NY 10455
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    New York, NY 10455
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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

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    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
    368 148Th St New York, NY 10455
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