368 148Th St, New York, NY 10455
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.
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendComparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Property description
Physical attributes from public recordsZoning & alternative use
No recorded transactions found for this property.
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.