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Property profile & analytics

1506 Bronxdale Ave Bronx, NY 10462

  • Drive through restaurants
  • 1,546 SF
  • 0.06 lot acres
Value Estimations
Cap Rate Potential
Location Intelligence
Property ID
US63-0130042
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

  • Lin’s Asian Cuisine / Asian Restaurant / Chinese Restaurant

Property Details for 1506 Bronxdale Ave

Year built
1932
Lot size
0.06 lot acres
Property size
1,546 SF
Zone code
R4
Property type
Drive through restaurants
APN
04063-0020
APU
40630020

Description

This exceptional commercial property presents a rare investment opportunity in the thriving Bronx, situated at the crossroads of Parkchester and Morris Park. Priced at $1,390,000, this 1,546 square foot retail space sits on a 0.06-acre lot and is currently operating as a successful Asian restaurant, included in the sale. The property's strategic location offers unparalleled access to the highly anticipated Metro North Parkchester station, slated to open in 2026, a mere 5-minute walk away. This convenient proximity promises increased foot traffic and enhanced visibility for future businesses. The building is zoned R6-1 & C2-4, providing flexibility for a variety of commercial uses. The main floor features a well-equipped kitchen and spacious dining area, perfectly suited for restaurant operations or adaptable to other retail ventures. A full basement provides ample storage and office space, adding to the property's functionality and value. This turnkey operation offers immediate income potential and significant long-term growth prospects, making it an ideal investment for savvy entrepreneurs and seasoned investors alike. The property's prime location, combined with the upcoming Metro North station and versatile zoning, ensures a strong return on investment. Don't miss this chance to own a piece of the Bronx's vibrant commercial landscape.


Value Estimations

based on Realmo’s proprietary methodology
  • AI approach

  • CAP approach

  • Comparable approach

  • Alternative Use

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Location Insight

  • Map
  • Local Demand
City
Bronx
County
Bronx
State
New York
Longitude
-73.8538
Latitude
40.8427
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
$12,040
$62,550
$51,120
$113,670
-
$139,000
$135,000
$274,000
More about this property
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