Add Listing
    Property Lookup
    • For Sale
    • For Lease
    • Sold
    • Property Lookup
    • Brokers
    1040 Bronx Riv Ave Bronx, NY 10472-5502

    Property Lookup

    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    1040 Bronx Riv Ave Bronx, NY 10472-5502

    View on Map
    • Auto shops
    • 7,500 SF
    • 0.23 lot acres
    Off-Market
    Property ID
    US63-0719485
    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.
    Value Estimations
    $1,940,000
    Show details
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • NY AUTO BODY CORP / Auto Repair Shop
    • East coast customs automotive south inc / Auto Repair Shop

    Property Details for 1040 Bronx Riv Ave

    Year built
    1974
    Lot size
    0.23 lot acres
    Property size
    7,500 SF
    Zone code
    M1-1
    Property type
    Auto shops
    APN
    03709-0015
    APU
    37090015

    Value Estimations

    based on Realmo’s proprietary methodology

    • Comparable approach

      Method
      Estimation
      AI Estimate
      $1,817,000
      Market price range: $469k - $5.31M

    Get a detailed, property-specific estimation — fast and free

    Location Insight

    • Map
    • Local Demand
    City
    Bronx
    County
    Bronx
    State
    New York
    Longitude
    -73.8827
    Latitude
    40.8243
    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
    $37,454
    $74,880
    $278,730
    $353,610
    -
    $200,000
    $674,000
    $874,000

    Comparable in this City

    • Value Estimation by Request
      0.06 Acres

      Watson Ave

      AUTO REPAIR, GARAGE • 0.06 Acres
      Watson Ave, Bronx, NY 10472
      View Details
    • Value Estimation by Request
      400 SF

      1815 Mcgraw Ave

      AUTO REPAIR, GARAGE • 400 SF
      1815 Mcgraw Ave, Bronx, NY 10472
      View Details
    • Value Estimation
      $6,240,000
      23,950 SF

      1095 Close Ave

      AUTO REPAIR, GARAGE • 23,950 SF
      1095 Close Ave, Bronx, NY 10472-5503
      View Details
    • Value Estimation by Request
      468 SF

      2070 Blackrock Ave

      AUTO REPAIR, GARAGE • 468 SF
      2070 Blackrock Ave, Bronx, NY 10472
      View Details
    • Value Estimation
      $1,535,000
      8,193 SF

      1125 Bronx Riv Ave

      AUTO REPAIR, GARAGE • 8,193 SF
      1125 Bronx Riv Ave, Bronx, NY 10472-3101
      View Details
    • Value Estimation
      $1,200,000
      4,433 SF

      1273 Saint Lawrence Ave

      AUTO REPAIR, GARAGE • 4,433 SF
      1273 Saint Lawrence Ave, Bronx, NY 10472-1901
      View Details

    Similar Nearby for Sale

    • $6,000,000
      5,000 SF

      Bronx Retail Space Available

      Retail space for sale in the Bronx, New York.
      1561 Westchester Ave, Bronx, NY 10472
      View Details
    • Contact for pricing
      5,000 SF

      Bronx Commercial Property For Sale

      Commercial property in the Soundview section of the Bronx.
      1561 Westchester Ave, Bronx, NY 10472
      View Details
    • $8,500,000
      10,000 SF

      Bronx Retail Strip For Sale

      Fully occupied retail strip in the Bronx, New York.
      1480 Westchester Ave, Bronx, NY 10472
      View Details

    Similar Nearby for Lease

    • Contact for pricing
      15,600 SF

      Soundview Retail Space For Lease

      15,600 SF retail space in new mixed-use development.
      1755 Watson Ave, Bronx, NY 10472
      View Details
    • Contact for pricing
      1,866 SF

      Regional Shopping Center Retail Space

      Retail space available in a high-traffic Bronx shopping center.
      1933-1985 Bruckner Blvd, Bronx, NY 10472
      View Details
    • Contact for pricing

      Westchester Avenue Commercial Space

      Commercial space available for lease on Westchester Avenue.
      1451 Westchester Ave, Bronx, NY 10472
      View Details
    • Contact for pricing
      888 SF

      Soundview Retail/Office Space Available

      Retail or office space in prime Soundview location near train.
      1630 Westchester Ave, Bronx, NY 10472
      View Details
    • Contact for pricing
      1,500 SF

      Retail Space Near Train Station

      Vented deli space adjacent to St. Lawrence Avenue train station.
      1772-1778 Westchester Ave, Bronx, NY 10472
      View Details
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    1040 Bronx Riv Ave
    Bronx, NY 10472-5502
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    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.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    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.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    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
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Thank You for Inquiry

    1040 Bronx Riv Ave, Bronx, NY, 10472

    letter with green check mark
    Check your email

    We sent you the

    agent's contact details. yellow underline

    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!