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Property profile

231 167Th St The Bronx, NY 10456

OFF-MARKET
Retail properties & Spaces
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10,000 SF 0.23 ac lot

Property summary

AI-generated overview

This single-tenant medical office space, totaling 1,200 square feet, is situated in a prime Bronx location at 231 East 167th Street, between Sherman and Grant Avenues, in the 10456 zip code. The building, renovated in 2016, offers a total of 10,000 square feet across one story, with a 4.8 FAR. The 0.23-acre lot is zoned R7-1, C1-4. This Concourse Village property benefits from its location within a thriving, mixed-use neighborhood, attracting a loyal customer base. Its proximity to major transportation hubs ensures easy access for patients and staff. The space is ideal for a variety of medical practices and offers excellent visibility within a retail-dense area. The building itself is a single-tenant structure, providing a private and secure environment. This presents a unique opportunity to establish or expand a medical practice in a high-traffic, convenient location within the Bronx. The property's strong location and recent renovation make it an attractive investment for medical professionals seeking a well-established and accessible space to serve the community. The building's size and zoning allow for flexibility in potential uses within the medical office sector.

Property profile

Verified
Property type Retail properties & Spaces
Total area 10,000 SF
Lot 0.23 ac (10,019 SF)

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Current use

Occupant on record · Public records
  • Discount Store
  • Grocery & Convenience Store Food Market
  • Tax Preparation

Value estimations

Realmo proprietary · 4 methods
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Owner & transaction history

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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