Add Listing
    Property Lookup
    • For Sale
    • For Lease
    • Sold
    • Property Lookup
    • Brokers
    2329 Story Ave Bronx, NY 10473-1117

    Property Lookup

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

    2329 Story Ave Bronx, NY 10473-1117

    View on Map
    • Industrial properties
    • 2,253 SF
    • 0.06 lot acres
    Off-Market
    Property ID
    US63-6189302
    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
    $725,000
    Show details
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Industrial properties

    Property Details for 2329 Story Ave

    Year built
    1979
    Lot size
    0.06 lot acres
    Property size
    2,253 SF
    Zone code
    R3-2
    Property type
    Industrial properties
    APN
    03699-0071
    APU
    36990071

    Description

    This exceptional investment opportunity presents a single-story, 2,731 sq ft convenience store located at 2329 Story Ave, The Bronx, NY 10473, situated on a sizable lot. Built in 1979, this well-maintained brick building is in mint condition and boasts a desirable F9 zoning classification. Currently owner-occupied by an established construction company, the property will be delivered vacant upon sale. The interior features five offices, a warehouse for storage, a kitchen area, and a brand-new bathroom. Recent upgrades include a new central air/heating unit, a gas boiler, glass security doors, a garage door, and new windows. Conveniently located near major highways including I95, I278, I295, I287, I895, and the George Washington Bridge, this property offers unparalleled accessibility. A two-car driveway provides ample parking. The asking price is $1,100,000. The property was listed on June 10, 2024, and the listing expires December 10, 2024. The cross street is Zerega Ave. This is an ideal opportunity for owner-users or investors seeking a high-return property in a thriving Bronx neighborhood.

    Value Estimations

    based on Realmo’s proprietary methodology

    • Comparable approach

      Method
      Estimation
      Statistic Estimate
      $947,000
      Market price range: $486k - $1.39M

    • Alternative Use

      Use
      Estimation
      INDUSTRIAL (GENERAL)
      $835,000
      Current use
      WAREHOUSE, STORAGE
      $875,000
      Change: +4% Conversion: Easy
      OFFICE BUILDING
      $820,000
      Change: -2% Conversion: Difficult

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

    Location Insight

    • Map
    • Local Demand
    City
    Bronx
    County
    Bronx
    State
    New York
    Longitude
    -73.8454
    Latitude
    40.8262
    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
    $9,943
    $22,950
    $70,920
    $93,870
    -
    $51,000
    $199,000
    $250,000

    Comparable in this City

    • Value Estimation
      $7,415,000
      136,181 SF

      2350 Lafayette Ave

      INDUSTRIAL (GENERAL) • 136,181 SF
      2350 Lafayette Ave, Bronx, NY 10473-1104
      View Details
    • Value Estimation
      $1,425,000
      4,200 SF

      25 White Plns Rd

      WAREHOUSE, STORAGE • 4,200 SF
      25 White Plns Rd, Bronx, NY 10473-2402
      View Details
    • Value Estimation
      $12,960,000
      49,625 SF

      1430 Bruckner Blvd, Unit 1440

      MINI-WAREHOUSE, STORAGE • 49,625 SF
      1430 Bruckner Blvd, Bronx, NY 10473-4916
      View Details
    • Value Estimation
      $5,110,000
      16,990 SF

      1470 Bruckner Blvd

      WAREHOUSE, STORAGE • 16,990 SF
      1470 Bruckner Blvd, Bronx, NY 10473-4914
      View Details
    • Value Estimation
      $3,395,000
      10,000 SF

      945 Close Ave

      WAREHOUSE, STORAGE • 10,000 SF
      945 Close Ave, Bronx, NY 10473-4906
      View Details
    • Value Estimation
      $2,115,000
      7,236 SF

      970 Colgate Ave

      WAREHOUSE, STORAGE • 7,236 SF
      970 Colgate Ave, Bronx, NY 10473
      View Details

    Similar Nearby for Lease

    • Contact for pricing

      South Bronx Warehouse with Yard

      25,000 SF warehouse with 8,000 SF yard in Bronx.
      935 Bronx River Ave, Bronx, NY 10473
      View Details
    • Contact for pricing

      Bronx Warehouse/Manufacturing Space Available

      25,000 sq ft warehouse/manufacturing space in the South Bronx.
      935 Bronx River Ave, Bronx, NY 10473
      View Details
    • Contact for pricing
      1,200 SF

      Renovated Unit in Bronx

      Fully renovated unit with new appliances and bathrooms available now.
      1792 Lacombe Ave, Bronx, NY 10473
      View Details
    • Contact for pricing

      Flexible Office Space Available

      Office space in the Soundview/Clason Point area for rent.
      306 White Plains Rd, Bronx, NY 10473
      View Details
    • Contact for pricing
      60,000 SF

      Bronx Retail Space Available

      60,000 square foot retail space in the Bronx.
      861 Zerega Ave, Bronx, NY 10473
      View Details
    • Contact for pricing
      9,200 SF

      Retail Space in New Development

      Retail space available for rent in a new development.
      2111 White Plains Rd, Bronx, NY 10473
      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.
    2329 Story Ave
    Bronx, NY 10473-1117
    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
    2329 Story Ave, Bronx, NY, 10473
    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!