Add Listing
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Bus Terminal Gw Brg New York, NY 10033
    Property profile & analytics

    Bus Terminal Gw Brg New York, NY 10033

    View on Map
    • Retail properties & Spaces
    • 9,421 SF
    Off-Market
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Retail properties & Spaces

    Property Details for Bus Terminal Gw Brg

    Property size
    9,421 SF
    Property type
    Retail properties & Spaces
    Property subtype
    Restaurants

    Description

    This exceptional medical office space, located at the Gw Bridge Bus Terminal in the Bronx, NY (zip code 10033), offers a unique opportunity for healthcare providers. The property, totaling 9,421 square feet, is currently fully vacant and available for lease. The flexible layout allows for multiple tenancy options, with spaces ranging from a minimum of 1,181 square feet to a maximum contiguous space of 8,240 square feet. This presents a rare chance to secure a significant footprint in a high-traffic location. The building's classification also includes retail and restaurant space, suggesting a diverse and vibrant surrounding community. The address is conveniently situated at the Gw Bridge Bus Terminal, providing excellent accessibility and visibility. This property is ideal for a variety of medical practices seeking a prominent and easily accessible location in New York County. The building's size and layout offer significant potential for customization to meet specific needs. With its strategic location and ample square footage, this property represents a compelling investment opportunity in a thriving area. Interested parties are encouraged to inquire about lease terms and availability. The property is situated in New York County, New York, offering a strong location within a busy transportation hub.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    New York
    County
    New York
    State
    New York
    Longitude
    -73.9389
    Latitude
    40.849

    Comparable in this City

    • Value Estimation by Request
      12,875 SF

      4200 Broadway

      Restaurants • 12,875 SF
      4200 Broadway, New York, NY 10033
      View Details
    • Value Estimation by Request

      559 181St St

      Medical space
      559 181St St, New York, NY 10033
      View Details
    • Value Estimation by Request
      2,000 SF

      377 Audubon Ave

      Restaurants • 2,000 SF
      377 Audubon Ave, New York, NY 10033
      View Details
    • Value Estimation by Request
      465 SF

      4131 Broadway

      Restaurants • 465 SF
      4131 Broadway, New York, NY 10033
      View Details
    • Value Estimation by Request
      18,840 SF

      585 181St St

      Office Spaces • 18,840 SF
      585 181St St, New York, NY 10033
      View Details
    • Value Estimation by Request

      344 Audubon Ave

      Office Spaces
      344 Audubon Ave, New York, NY 10033
      View Details

    Similar Nearby for Sale

    • Contact for pricing
      20,400 SF

      Medical Surgical Center Investment Opportunity

      Medical office building with established tenants for sale.
      28 Bennett Ave, New York, NY 10033
      View Details
    • Contact for pricing
      2,167 SF

      Modern Medical Office Space Available

      New York medical office space ready for interior modifications.
      659 W 179Th St, New York, NY 10033
      View Details
    • Contact for pricing

      Corner Commercial Property in Washington Heights

      Corner commercial property in Washington Heights with stable cash flow.
      1431 Saint Nicholas Ave, New York, NY 10033
      View Details
    • Contact for pricing
      6,748 SF

      Corner Retail Property in Manhattan

      High-visibility corner commercial property in Washington Heights with stable income.
      1439 Saint Nicholas Ave, New York, NY 10033
      View Details

    Similar Nearby for Lease

    • Contact for pricing
      2,500 SF

      Retail Space in Bustling Neighborhood

      Retail space in prime location with high foot traffic.
      311 Audubon Ave, New York, NY 10033
      View Details
    • Contact for pricing
      900 SF

      Corner Retail Space with Basement

      900 SF corner retail space with full basement.
      209 Pinehurst Ave, New York, NY 10033
      View Details
    • Contact for pricing
      11,823 SF

      Versatile Space in Radio Tower

      Multi-use space with courtyard, terraces, and on-site restaurant.
      500 West St, New York, NY 10033
      View Details
    • Contact for pricing
      65,000 SF

      Commercial Building at 176th and Broadway

      Eight-story commercial building designed for medical or charter school use.
      74 Wadsworth Ave, New York, NY 10033
      View Details
    • $11,375 /Mo
      2,275 SF

      Double-Corner Medical Office Space

      2,275 SF professional/medical office near Columbia Presbyterian.
      1 Cabrini Blvd, New York, NY 10033
      View Details
    • Contact for pricing
      1,500 SF

      Medical Space in Washington Heights

      1500 SF medical space available for rent.
      201 Wadsworth Ave, New York, NY 10033
      View Details
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    Bus Terminal Gw Brg
    New York, NY 10033
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    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.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    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.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    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
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Thank You for Inquiry
    Bus Terminal Gw Brg, New York, NY, 10033
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!