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    2918 Bronx Blvd The Bronx, NY 10467

    Sponsored
    For Sale
    $1,699,000

    High-yield Bronx property, 7% CAP rate.

    Property size:
    4,576 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    391
    This exceptional mixed-use property in Throggs Neck, Bronx, NY (10467), presents a compelling investment opportunity. Located at 2918 Bronx Blvd, this well-maintained building boasts 4,576 square feet on a 2,500 square foot lot, offering a strong 7.01% capitalization rate and a current NOI of $119,044. The property includes three units: two sizable, free-market three-bedroom apartments, each exceeding 1,500 square feet, and a restaurant/bar. Each apartment features a convenient, coin-operated Whirlpool washing machine. The restaurant/bar contributes significantly to the property's income, covering 33% of the real estate taxes and water costs. The building enjoys 100% occupancy and an excellent history of rent collection, making it an attractive and stable investment. The asking price is $1,699,000, translating to $371.28 per square foot. This property offers a rare blend of residential and commercial income streams in a desirable Bronx location.

    Property Features for 2918 Bronx Blvd

    General Information

    Property type
    Mixed-use properties
    Square Feet
    4,576 SF

    Building Details

    Units
    3
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    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
    The Bronx
    County
    Bronx
    State
    New York
    Longitude
    -73.8701379
    Latitude
    40.8717089

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    FAQs

    What type of property is this?
    Mixed-use property - High-yield Bronx property, 7% CAP rate.
    Where is this mixed-use property located?
    The property is located at 2918 Bronx Blvd The Bronx, NY.
    What is the asking price?
    The asking price for this property is $1,699,000.
    Request Owner's contact information
    2918 Bronx Blvd The Bronx, NY 10467
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    The Bronx, NY 10467
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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
    2918 Bronx Blvd The Bronx, NY 10467
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