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    Property profile & analytics

    189 231St St The Bronx, NY 10463

    • Retail residential properties
    • 7,980 SF
    • 0.21 lot acres
    For Lease
    View listing
    Value Estimation
    $525,000
    Location Intelligence
    Property ID
    US63-3788220
    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

    • Dale Diner / Diner / Breakfast Restaurant
    • 231st BINGO !!!! / Bingo Hall
    • The Johnson / American Restaurant
    • Liberty Tax / Tax Preparation / Tax Consultant

    Property Details for 189 231St St

    Year built
    1939
    Lot size
    0.21 lot acres
    Property size
    7,980 SF
    Zone code
    R6
    Property type
    Retail residential properties
    APN
    03267-0079
    APU
    32670079

    Description

    This exceptional retail property, located at 189-193 West 231st Street in the Bronx, New York (zip code 10463), presents a unique investment opportunity. The single-tenant building boasts a generous 1,600 square feet of vacant space, ready for immediate occupancy. Situated on a substantial 79-acre lot, this property offers significant potential for expansion or future development. The building's zoning is designated R6, C1-3, providing flexibility for a variety of commercial uses. The property's convenient location, off Broadway Avenue and at the foot of the train, ensures high visibility and accessibility for customers. The property features one building and is identified by APN 3267-79 in Bronx County. With its ample space and strategic location, this property is ideal for a wide range of retail businesses seeking a prominent presence in a thriving community. The entire 1,600 square feet is currently vacant, presenting a blank canvas for a new tenant to customize the space to their specific needs. This is a rare opportunity to acquire a substantial retail property in a desirable Bronx location. Serious inquiries are encouraged.

    Value Estimation

    by Realmo proprietary methodology Last update: July 3, 2025

    • AI approach

      CAP return
      Estimation
      Estimation
      $585,000

    • CAP approach

      CAP return
      Estimation
      6%
      $390,000
      6.5%
      $390,000
      7%
      $425,000

    • Comparable approach

      Method
      Estimation
      Relative Method
      $475,000
      Geo Method
      $385,000

    • Alternative Use

      Use
      Estimation
      Distribution
      $485,000
      Retail
      $470,000
      Mixed-Use
      $460,000
      Hospitality
      $505,000
      Educational
      $465,000
      Residential Income
      $455,000
      Energy
      $440,000
      Income-Based Land
      $465,000
      Food Service
      $475,000

    Location Insight

    • Map
    • Local Demand
    City
    Bronx
    County
    Bronx
    State
    New York
    Longitude
    -73.9041
    Latitude
    40.879
    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
    $81,872
    $306,000
    $546,210
    $852,210
    -
    $680,000
    $1,270,000
    $1,950,000

    Comparable in this City

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      438 238th St

      STORE/OFFICE (MIXED USE) • 1,482 SF
      438 238th St, Bronx, NY 10463-2202
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    • Value Estimation by Request
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      STORE/OFFICE (MIXED USE) • 1,512 SF
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    • Value Estimation by Request
      844,578 SF

      2600 Netherland Ave

      STORES & APARTMENTS • 844,578 SF
      2600 Netherland Ave, Bronx, NY 10463-4801
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    • Value Estimation by Request
      75,784 SF

      3300 Netherland Ave

      STORES & APARTMENTS • 75,784 SF
      3300 Netherland Ave, Bronx, NY 10463-3438
      View Details

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    189 231St St
    The Bronx, NY 10463
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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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