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    368 148Th St Bronx, NY 10455

    • Office buildings
    • 18,500 SF
    • 0.07 lot acres
    For Sale
    View listing
    Value Estimation
    Location Intelligence
    Property ID
    US63-6130166
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.

    Current Use by Public Records

    • Narco Freedom / Addiction Treatment Center

    Property Details for 368 148Th St

    Year built
    1931
    Lot size
    0.07 lot acres
    Property size
    18,500 SF
    Zone code
    R6
    Property type
    Office buildings
    APN
    02327-0020
    APU
    23270020

    Description

    This exceptional seven-story medical office building, located at 368 E 148th St in the Bronx, NY (zip code 10455), presents a unique investment opportunity. The building offers substantial floor plates of 2700 square feet each, making it ideally suited for a single large tenant or a multi-tenant configuration. Its flexible zoning allows for a variety of uses, including medical practices, non-profit organizations, educational institutions, or traditional office spaces. The building also includes a full basement, adding to its overall functionality and potential. The property is situated in Bronx County, New York, offering convenient access to major transportation routes and a diverse population base. Given its size and versatility, this building is an excellent choice for businesses seeking a prominent presence in a thriving community. The seller is highly motivated, and reasonable offers will be considered. This is a rare opportunity to acquire a substantial and well-located commercial property in the Bronx. The building's prime location and flexible zoning make it a highly attractive investment prospect. Serious inquiries are encouraged.

    Value Estimation

    by Realmo proprietary methodology Last update: July 3, 2025

    • AI approach

      CAP return
      Estimation
      Estimation
      $615,000

    • CAP approach

      CAP return
      Estimation
      6%
      $430,000
      6.5%
      $420,000
      7%
      $505,000

    • Comparable approach

      Method
      Estimation
      Relative Method
      $525,000
      Geo Method
      $420,000

    • Alternative Use

      Use
      Estimation
      Distribution
      $465,000
      Retail
      $515,000
      Mixed-Use
      $420,000
      Hospitality
      $430,000
      Educational
      $500,000
      Residential Income
      $495,000
      Energy
      $475,000
      Income-Based Land
      $435,000
      Food Service
      $455,000

    Location Insight

    • Map
    • Local Demand
    City
    Bronx
    County
    Bronx
    State
    New York
    Longitude
    -73.9194
    Latitude
    40.8155
    CBSA code
    35620
    CBSA name
    NEW YORK-NORTHERN NEW JERSEY-LONG ISLAND, NY-NJ-PA METROPOLITAN STATISTICAL AREA

    Property Tax & Assessments

    Tax date
    Tax Amount
    Assessed Land Value
    Assessed Improvement Value
    Total Assessed Value
    Applied Tax Rate
    Land Market Value
    Improvement Market Value
    Total Market Value
    2024
    $42,416
    $22,500
    $613,530
    $636,030
    -
    $50,000
    $1,437,000
    $1,487,000

    Comparable in this City

    • Value Estimation by Request
      53,250 SF

      373 148th St

      OFFICE BUILDING (MULTI-STORY) • 53,250 SF
      373 148th St, Bronx, NY 10455
      View Details
    • Value Estimation by Request
      69,780 SF

      384 149th St

      OFFICE BUILDING (MULTI-STORY) • 69,780 SF
      384 149th St, Bronx, NY 10455-3908
      View Details
    • Value Estimation
      $3,775,000
      72,760 SF

      811 Westchester Ave

      OFFICE BUILDING (MULTI-STORY) • 72,760 SF
      811 Westchester Ave, Bronx, NY 10455-1704
      View Details
    • Value Estimation
      $335,000
      8,080 SF

      402 152nd St

      OFFICE BUILDING (MULTI-STORY) • 8,080 SF
      402 152nd St, Bronx, NY 10455-2504
      View Details
    • Value Estimation
      $1,300,000
      10,000 SF

      798 Southern Blvd

      OFFICE BUILDING (MULTI-STORY) • 10,000 SF
      798 Southern Blvd, Bronx, NY 10455-2115
      View Details
    • Value Estimation by Request
      27,348 SF

      448-450 149th St

      OFFICE BUILDING (MULTI-STORY) • 27,348 SF
      448-450 149th St, Bronx, NY 10455
      View Details

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    Bronx, NY 10455
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    Realmo Value Estimation

    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.

    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.

    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
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