Mixed-Use Property with
For Sale
$850,000
965 E 167th Street, Bronx, NY 10459
A neighborhood retailer occupies the street-level space, while the two-story apartment above is vacant.
Property Size1,875 SF
Price / SF$453.33
Days on Market40
Property Features for 965 E 167th Street
General Information
Standard status
Active
Size
1,875 SF
Class
C
Property subtype
Commercial
Zoning
C8-3
Additional Details
Gross Income
$22,800
Mixed-Use Components
retail, residential
Tenant in Place
Yes
Taxes and HOA fees
Annual Taxes
$1,745
Building Details
Building Size
1,875 SF
Year Built
1932
Buildings
1
Stories
3
Units
2
Tenancy
Multi
Listing Agency:
Integrity Business Solutions
(718) 798-0583
Listed By:
Enrique A. Garcia
(718) 869-6702
Source:
Croninreale
Added: Sep 15
Changed: Oct 23
Last Checked: Oct 23 at 5:03PM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Integrity Business Solutions
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Investment Insights
Based on property information with market context.
At 965 E 167th Street, this 1,875-square-foot mixed-use property combines a ground-floor retail storefront with a two-story residential apartment. The storefront is occupied by a neighborhood store. The vacant apartment has a living room, dining area, and kitchen on its main level, with bedrooms on the upper floor. The building dates to 1932 and has C8-3 zoning. It is being sold as-is.
The property is on E 167th Street between Westchester Avenue and Hoe Avenue. The 2/5 subway at Simpson Street and local bus routes are nearby.
The property is on E 167th Street between Westchester Avenue and Hoe Avenue. The 2/5 subway at Simpson Street and local bus routes are nearby.
Key Highlights
- 1,875‑square‑foot mixed‑use property
- Occupied ground‑floor storefront with a neighborhood store
- Vacant two‑story apartment with living room, dining area, kitchen, and upstairs bedrooms
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$39,470
Cap Rate
4.64%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$789,400
$789.4K
Cap Rate 7%
$563,857
$563.9K
Cap Rate 9%
$438,556
$438.6K
Market Conditions
NOI Build-Up for 1,875 SF
Gross rent
$63.0K $33.60/SF
− Vacancy
−$6.6K −$3.53/SF
EGI
$56.4K $30.07/SF
− OpEx
−$16.9K −$9.02/SF
NOI
$39.5K $21.05/SF
Area
Bronx, NY
Vacancy
10.50%
Lease Rate
$33.60 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$789,400
Cap Rate 7%
$563,857
Cap Rate 9%
$438,556
Alternative Uses
Best Use
Retail
$563.9K
$493.4K – $657.8K
NOI $39,470 @ 7.0% cap · market cap 4.64%
Second Best
Mixed Use
$536.4K
$469.3K – $625.8K
NOI $37,547 @ 7.0% cap · market cap 4.42%
Theoretical Best
Warehouse
$1.30M
$1.14M – $1.52M
NOI $90,947 @ 7.0% cap · market cap 10.70%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Current Use
Lease Details
Multi-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
4,101
Businesses Nearby
192k
Monthly Visits Nearby
Explore this area
Business Placement
Foot Traffic Nearby
Shops & Services 45%
Dining 23%
Groceries 20%
Electronics 6%
Western Beef
Groceries
23,969 visits/mo
0.5 miles
White Castle
Dining
21,075 visits/mo
0.5 miles
Chase Bank
Shops & Services
19,865 visits/mo
0.2 miles
BP
Shops & Services
16,221 visits/mo
0.5 miles
Key Food
Groceries
14,632 visits/mo
0.2 miles
Demographics for 10459, NY
50,984
Population
18,678
Households
2.7
Avg Household Size
34
Median Age
14%
College-Educated
68%
High-School Grad
0.8 sq mi
ZIP Area
63,730
Density / Sq Mi
$39,276
Median Household Income
$30,200
Median Earnings
$1,285
Median Rent
$589,500
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Retail in Northeast region
Frequently Asked Questions
What type of property is this?
Mixed-use property - A neighborhood retailer occupies the street-level space, while the two-story apartment above is vacant.
Where is this mixed-use property located?
The property is located at 965 E 167th Street Bronx, NY.
What is the asking price?
The asking price for this property is $850,000.
What are key features of this property?
This property features: 1,875‑square‑foot mixed‑use property; Occupied ground‑floor storefront with a neighborhood store; Vacant two‑story apartment with living room, dining area, kitchen, and upstairs bedrooms
