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    1460 Macombs Rd Bronx, NY 10452-2248
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    Property profile & analytics

    1460 Macombs Rd, Bronx, NY 10452-2248

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    • Retail residential properties
    • 74,085 SF
    • 0.63 lot acres
    Off-Market
    Property ID
    US63-0722646
    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
    $12,740,000
    Show details
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • My Little Learners Childcare / Daycare Center / Foster Care Service
    • F R Computers / Computer & Electronic Repair
    • Mary's Palace | Restaurant & Bar / Restaurant
    • New York Auto Parts / Auto Parts Store

    Property Details for 1460 Macombs Rd

    Year built
    1930
    Lot size
    0.63 lot acres
    Zone code
    R8A
    Property type
    Retail residential properties
    APN
    02858-0001
    APU
    28580001

    Sales History

    Date Price Buyer Seller Deed Type Mortgage
    Nov 27, 2019 — Buddy Associates LLC D Buddy Associates LLC Deed $50.4M · Morgan Stanley Bk
    Apr 27, 2012 — Buddy Associates LLC — Grant Deed · related $9.8M · Cantor Commercial Real Estate
    Jan 31, 2012 — Buddy Associates LLC — Grant Deed · related $9.5M · Cantor Commercial Real Estate
    Aug 10, 2007 — 1226 Sherman LLC — Deed Of Trust · related $14.9M · Bear Stearns Commercial Mtg
    — — Buddy Associates LLC — Deed Of Trust · related $1.6M · Bear Stearns Commercial Mtg
    — — Buddy Associates LLC — Deed Of Trust · related $300k · Cantor Commercial Real Estate
    — — Buddy Associates LLC — Loan Modification, Consolidation And Extension · related $12.8M · Bankunited Fsb
    — — Buddy Associates LLC — Deed Of Trust · related $3.3M · Bankunited Fsb
    — — Buddy Associates LLC — Deed Of Trust · related $2M · Cantor Commercial Real Estate
    — — Buddy Associates LLC — Deed Of Trust · related $4.8M · Bear Stearns Commercial Mtg
    — — Buddy Associates LLC — Deed Of Trust · related $2.2M · Bear Stearns Commercial Mtg
    — — Buddy Associates LLC — Deed Of Trust · related $7.7M · Signature Bank

    Value Estimations

    based on Realmo’s proprietary methodology

    • Alternative Use

      Use
      Estimation
      COMMERCIAL (GENERAL)
      $14,465,000
      Current use

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

    Location Insight

    • Map
    • Local Demand
    City
    Bronx
    County
    Bronx
    State
    New York
    Longitude
    -73.9175
    Latitude
    40.8419
    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
    $455,540
    $123,300
    $3,520,440
    $3,643,740
    -
    $274,000
    $8,327,000
    $8,601,000

    Comparable in this City

    • Value Estimation
      $8,135,000
      47,058 SF

      2 167th St, Unit 10

      STORES & APARTMENTS
      2 167th St, Bronx, NY 10452-8210
      View Details
    • Value Estimation
      $3,330,000
      18,757 SF

      101 170th St, Unit 115

      STORE/OFFICE (MIXED USE)
      101 170th St, Bronx, NY 10452-7019
      View Details
    • Value Estimation
      $4,035,000
      23,000 SF

      881 Gerard Ave

      STORE/OFFICE (MIXED USE)
      881 Gerard Ave, Bronx, NY 10452-9434
      View Details
    • Value Estimation
      $19,535,000
      171,044 SF

      1240 Walton Ave

      STORES & APARTMENTS
      1240 Walton Ave, Bronx, NY 10452-8050
      View Details
    • Value Estimation
      $18,000,000
      279,000 SF

      975 Walton Ave

      STORES & APARTMENTS
      975 Walton Ave, Bronx, NY 10452-9512
      View Details
    • Value Estimation
      $26,315,000
      84,000 SF

      1551 Shakespeare Ave

      STORES & APARTMENTS
      1551 Shakespeare Ave, Bronx, NY 10452-1836
      View Details

    Similar Nearby for Sale

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      Established laundromat business with high income and consistent revenue.
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      2,499 SF

      Bronx Multifamily Property For Sale

      Multifamily property featuring two apartments and a large rear yard.
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    Similar Nearby for Lease

    • $15,000 /Mo

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      Garage Building for Autobody Repair

      One-story garage building suitable for autobody and repair businesses.
      1241 Jerome Ave, Bronx, NY 10452
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      2,000 SF

      Corner Retail Space Available

      Rare corner retail space, former pharmacy and laundromat.
      151-169 E 170Th St, Bronx, NY 10452
      View Details
    • Contact for pricing

      Queens Boulevard Commercial Space

      Commercial space available for lease on Queens Boulevard.
      125-10 Queens Blvd, Boulevard, NY 10452
      View Details
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    1460 Macombs Rd
    Bronx, NY 10452-2248
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    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
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