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    1248 Castle Hill Ave Bronx, NY 10462

    • Investment properties
    • 3,600 SF
    • 0.04 lot acres
    For Sale
    View listing
    $2,200,000
    Value Estimation
    Location Intelligence
    Property ID
    US63-3136342
    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

    • Melanie's / Caribbean Restaurant
    • Casablanca Holdings / Holding Company
    • Professional Protection Security Guard Training and Services / Security Guard Service / Emergency Training School
    • LEA FOR SECURITY OFFICERS Now Professional Protection / Security Guard Service
    • Goosehead Insurance - Julissa Crespo / Insurance Agency

    Property Details for 1248 Castle Hill Ave

    Year built
    1925
    Lot size
    0.04 lot acres
    Property size
    3,600 SF
    Zone code
    R5
    Property type
    Investment properties
    Property subtype
    Live-work space
    APN
    03822-0010
    APU
    38220010

    Description

    This exceptional mixed-use property, located at 1248 Castle Hill Avenue in the Bronx, New York, presents a compelling investment opportunity. The 3,600 square foot building sits on a 0.04-acre lot and is currently configured as six units: three commercial and three residential. The commercial spaces are fully operational and occupied by established businesses. A prominent Guyanese roti restaurant serves as the anchor tenant, complemented by a thriving beauty salon and a security office catering to the local community. The residential units comprise two two-bedroom apartments and one one-bedroom apartment. This property is situated in the vibrant Castle Hill/Parkchester neighborhood, known for its high traffic volume and strong potential for growth. The asking price is $2,200,000, offering a potential 7.1% cap rate. This is a turnkey investment with immediate cash flow and significant upside potential. The property is currently without leases, allowing for immediate control and future rent adjustments. Serious inquiries are encouraged.

    Value Estimation

    Powered by Realmo proprietary methodology Last update: July 3, 2025

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    Bronx
    County
    Bronx
    State
    New York
    Longitude
    -73.851
    Latitude
    40.8333
    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
    $22,917
    $100,425
    $82,885
    $183,310
    -
    $292,000
    $241,000
    $533,000

    Comparable in this City

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      1719 Zerega Ave

      OFFICE/RESIDENTIAL (MIXED USE) • 4,382 SF
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      872 Morris Park Ave

      OFFICE/RESIDENTIAL (MIXED USE) • 3,825 SF
      872 Morris Park Ave, Bronx, NY 10462-3632
      View Details
    • Value Estimation
      $1,290,000
      2,074 SF

      844 Morris Park Ave

      OFFICE/RESIDENTIAL (MIXED USE) • 2,074 SF
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      670 Morris Park Ave

      OFFICE/RESIDENTIAL (MIXED USE) • 5,192 SF
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    • Value Estimation by Request
      3,294 SF

      815 Morris Park Ave

      OFFICE/RESIDENTIAL (MIXED USE) • 3,294 SF
      815 Morris Park Ave, Bronx, NY 10462-3682
      View Details

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      1049 Zerega Ave

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    1248 Castle Hill Ave
    Bronx, NY 10462
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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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