446 149Th St The Bronx, NY 10455
- Retail residential properties
- 12,539 SF
- 0.06 lot acres
Current Use by Public Records
- Preferred Self Storage Unit / Self-Storage Facility
- The Butcher's Choice Meat Market / Grocery Store / Meat Products Store
Property Details for 446 149Th St
- Year built
- 2008
- Lot size
- 0.06 lot acres
- Property size
- 12,539 SF
- Zone code
- C4-4
- Property type
- Retail residential properties
- APN
- 02293-0052
- APU
- 22930052
Description
This exceptional investment opportunity presents a fully occupied, eleven-unit apartment building in The Bronx, New York. Constructed in 2010, this six-story Class B building boasts 12,539 square feet on a 0.06-acre lot, zoned C4-4. The property features eleven well-designed residential units, each equipped with air conditioning, private balconies, hardwood floors, and wheelchair accessibility. Independent meters for gas cooking and electric hot water minimize operating expenses. Resident amenities include on-site laundry facilities and elevator access. Five rentable storage rooms and a shared laundry area in the basement provide additional income streams. A highly desirable ground-floor commercial space, currently leased for $11,000 per month plus 25% of real estate taxes, includes basement storage and four walk-in refrigerators. This space significantly enhances the property's value and income stability. The building's prime location offers exceptional accessibility, with Walk Score of 95, Transit Score of 100, and Bike Score of 79. This fully leased multi-income property guarantees immediate cash flow and offers significant long-term growth potential, particularly given its location in an Opportunity Zone. The asking price is $4,300,000.
Value Estimation
-
AI approach
- CAP return
- Estimation
- Estimation
- $535,000
-
CAP approach
- CAP return
- Estimation
- 6%
- $445,000
- 6.5%
- $435,000
- 7%
- $395,000
-
Comparable approach
- Method
- Estimation
- Relative Method
- $390,000
- Geo Method
- $415,000
-
Alternative Use
- Use
- Estimation
- Distribution
- $460,000
- Retail
- $410,000
- Mixed-Use
- $515,000
- Hospitality
- $515,000
- Educational
- $390,000
- Residential Income
- $470,000
- Energy
- $505,000
- Income-Based Land
- $450,000
- Food Service
- $415,000
Location Insight
- Map
- Local Demand
- City
- Bronx
- County
- Bronx
- State
- New York
- Longitude
- -73.9158
- Latitude
- 40.815
- CBSA code
- 35620
- CBSA name
- NEW YORK-NORTHERN NEW JERSEY-LONG ISLAND, NY-NJ-PA METROPOLITAN STATISTICAL AREA
