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    OFF-MARKET
    Office Spaces

    368 148Th St, New York, NY 10455

    21,200 SF
    Property ID
    Property summary
    AI-generated overview

    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 profile
    Verified
    Property type Office Spaces
    Total area 21,200 SF
    Cap rate & NOI
    Priority signal for investors
    Implied cap rate, NOI & suggested price
    Cap rate vs submarket · NOI estimate · 3 price anchors
    Implied cap rate, NOI & suggested price
    Cap vs submarket · NOI estimate · 3 price anchors
    Value estimations
    Realmo proprietary · 4 methods
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    Owner & transaction history
    Owner on record
    Zoning & alternative use
    Permitted uses
    Permitted uses
    Allowed · conditional · prohibited
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