1598 Bronxdale Ave The Bronx, NY 10462
- Auto shops
- 2,748 SF
- 0.15 lot acres
Current Use by Public Records
- Riteway Private Car Services Corporation / Ambulance Service / Transportation Infrastructure
- Bronxdale Auto Clinic / Auto Repair Shop
Property Details for 1598 Bronxdale Ave
- Year built
- 1941
- Lot size
- 0.15 lot acres
- Property size
- 2,748 SF
- Zone code
- C8-1
- Property type
- Auto shops
- APN
- 04058-0002
- APU
- 40580002
Description
This exceptional investment opportunity presents a three-building retail complex located at 1598 Bronxdale Avenue in the Bronx, New York, 10462. The property boasts a total of 3,500 square feet of commercial space situated on a 6,640 square foot lot, offering significant potential for a variety of retail uses. The asking price is $2,250,000, translating to a price per square foot of $339 and a pro-forma cap rate of 9.65%. The buildings are all single-story structures, featuring ceiling heights ranging from 10 to 20 feet. The flexible layouts allow for multiple storefronts and the possibility of incorporating second-floor office space. The property benefits from over 263 feet of commercial frontage on Bronxdale Avenue, providing excellent visibility and accessibility. Ample parking is available with multiple curb cuts, accommodating over 10 vehicles. A fully operational gas pump is also included on the property. The property is zoned C8-1, offering a range of permitted uses. This is a rare opportunity to acquire a well-located, multi-building retail complex with significant upside potential in a thriving Bronx neighborhood. The combination of high visibility, ample parking, and flexible space makes this an ideal investment for both seasoned and emerging investors.
Value Estimation
-
AI approach
- CAP return
- Estimation
- Estimation
- $1,480,000
-
CAP approach
- CAP return
- Estimation
- 6%
- $1,445,000
- 6.5%
- $1,435,000
- 7%
- $1,405,000
-
Comparable approach
- Method
- Estimation
- Relative Method
- $1,725,000
- Geo Method
- $1,445,000
-
Alternative Use
- Use
- Estimation
- Distribution
- $1,415,000
- Retail
- $1,450,000
- Mixed-Use
- $1,335,000
- Hospitality
- $1,350,000
- Educational
- $1,240,000
- Residential Income
- $1,235,000
- Energy
- $1,410,000
- Income-Based Land
- $1,585,000
- Food Service
- $1,340,000
Location Insight
- Map
- Local Demand
- City
- Bronx
- County
- Bronx
- State
- New York
- Longitude
- -73.8563
- Latitude
- 40.8436
- CBSA code
- 35620
- CBSA name
- NEW YORK-NORTHERN NEW JERSEY-LONG ISLAND, NY-NJ-PA METROPOLITAN STATISTICAL AREA
