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    Property profile & analytics

    1042 Washington Ave The Bronx, NY 10456

    • Investment properties
    • 3,413 SF
    • 0.05 lot acres
    For Sale
    View listing
    $1,399,999
    Value Estimation
    Last Sale
    Mar 13, 2020
    Location Intelligence
    Property ID
    US63-5857334
    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

    • Investment properties

    Property Details for 1042 Washington Ave

    Year built
    1912
    Lot size
    0.05 lot acres
    Property size
    3,413 SF
    Zone code
    M11R72
    Property type
    Investment properties
    Property subtype
    Live-work space
    APN
    02370-0002
    APU
    23700002

    Description

    This exceptional mixed-use property, located at 1042 Washington Avenue in the Morrisania section of the Bronx, NY 10456, presents a compelling value-add investment opportunity. The fully renovated three-story masonry building boasts 3,375 square feet on a 2,133 square foot lot (25' x 86'). The building features a 1,250 square foot ground floor retail space, complemented by a basement and outdoor area. Above the retail space are three free-market residential units: a three-bedroom, one-bathroom unit on the second floor, and two two-bedroom, one-bathroom units on the third floor. Currently, the occupancy rate is 25%. The property benefits from M1-1/R7-2 MX-7 zoning, allowing for light manufacturing and medium-density residential uses. Its prime location offers easy access to the Grand Concourse, Yankee Stadium, local parks, the Bronx Museum of the Arts, and the Melrose Train Station. The asking price is $1,399,999, representing an estimated 8% cap rate. This property offers significant potential for increased rental income and appreciation, making it an ideal addition to any investment portfolio. The building has a 20-foot frontage on Washington Avenue. The property is classified under Tax Class 2A.

    Value Estimation

    by Realmo proprietary methodology Last update: July 3, 2025

    • AI approach

      CAP return
      Estimation
      Estimation
      $335,000

    • CAP approach

      CAP return
      Estimation
      6%
      $350,000
      6.5%
      $370,000
      7%
      $380,000

    • Comparable approach

      Method
      Estimation
      Relative Method
      $390,000
      Geo Method
      $350,000

    • Alternative Use

      Use
      Estimation
      Distribution
      $310,000
      Retail
      $375,000
      Mixed-Use
      $355,000
      Hospitality
      $320,000
      Educational
      $315,000
      Residential Income
      $360,000
      Energy
      $400,000
      Income-Based Land
      $300,000
      Food Service
      $415,000

    Location Insight

    • Map
    • Local Demand
    City
    Bronx
    County
    Bronx
    State
    New York
    Longitude
    -73.9089
    Latitude
    40.8271
    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
    $7,947
    $14,394
    $49,169
    $63,563
    -
    $125,000
    $427,000
    $552,000

    Comparable in this City

    • Value Estimation by Request
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      1,650 SF

      822 Tinton Ave

      OFFICE/RESIDENTIAL (MIXED USE) • 1,650 SF
      822 Tinton Ave, Bronx, NY 10456-7810
      View Details
    • Value Estimation
      $335,000
      2,155 SF

      1163 Boston Rd

      OFFICE/RESIDENTIAL (MIXED USE) • 2,155 SF
      1163 Boston Rd, Bronx, NY 10456-5377
      View Details
    • Value Estimation
      $360,000
      3,085 SF

      301 169th St

      OFFICE/RESIDENTIAL (MIXED USE) • 3,085 SF
      301 169th St, Bronx, NY 10456-2068
      View Details
    • Value Estimation by Request
      3,900 SF

      769 169th St

      OFFICE/RESIDENTIAL (MIXED USE) • 3,900 SF
      769 169th St, Bronx, NY 10456-2609
      View Details

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    1042 Washington Ave
    The Bronx, NY 10456
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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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