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    987 Prospect Ave Bronx, NY 10459

    Sponsored
    For Lease
    $52 SF/Yr ($6,066 /Mo)

    Bronx Medical Office - 1400 SF Available

    Lot size:
    1,400 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    391
    This exceptional 1,400 square foot medical office space is ideally situated at 987 Prospect Avenue in the Bronx, New York, 10459. The property boasts a prime location, easily accessible via 163rd Street. Classified as a Class B building, this single-story structure offers a full 1,400 square feet of vacant space, perfect for a single tenant or a medical practice requiring a complete unit. The zoning designation is R6, C1-4, allowing for a variety of medical uses. The building's total square footage is 1,400 square feet, with a minimum divisible space of 1,400 square feet, making it an excellent opportunity for a medical practice seeking a dedicated space. The property is categorized as both retail and office space, with a specific subtype of medical office, making it suitable for a wide range of healthcare professionals. The building is located in Bronx County, New York, and offers a convenient and accessible location for patients and staff. This is a rare opportunity to secure a fully vacant, well-located medical office space in a thriving Bronx neighborhood. The property is ready for immediate occupancy and presents a unique chance to establish or expand a medical practice in a high-demand area. Serious inquiries are encouraged.

    Property Features for 987 Prospect Ave

    General Information

    Property type
    Medical offices
    Lease Type
    Gross Lease
    RSF (Rentable sq. ft)
    1,400 SF
    Class
    B
    Total Rate
    6066.67

    Building Details

    Stories
    1

    Unit(s) available at that property

    Space
    Available Space
    Size
    1,400 SF
    Rate per SF
    $52

    HighLights

    • 1,400 SF medical office space with 24' frontage.
    • $6,500/month rent.
    • Excellent Bronx location.
    • 24' frontage.
    Property Profile Location Intelligence

    Current Use by Public Records

    Nouvelle Weddings Wedding Planner

    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
    -73.9004054
    Latitude
    40.8233214

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    FAQs

    What type of property is this?
    Medical office - Bronx Medical Office - 1400 SF Available
    Where is this medical office located?
    The property is located at 987 Prospect Ave Bronx, NY.
    What is the lease rate?
    The lease rate is $52 SF/Yr.
    What are key features of this property?
    This property features: 1,400 SF medical office space with 24' frontage.; $6,500/month rent.; Excellent Bronx location.
    Request Owner's contact information
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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
    987 Prospect Ave Bronx, NY 10459
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