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    Property profile & analytics

    2359 Jerome Ave Bronx, NY 10468-7108

    • Retail space
    • 12,500 SF
    • 0.29 lot acres
    OFF-MARKET
    Value Estimation
    $475,000
    Location Intelligence
    Property ID
    US63-4048368
    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

    • The Salvation Army Thrift Store & Donation Center / Used Clothing Store / Vintage Clothing Store

    Property Details for 2359 Jerome Ave

    Year built
    1963
    Lot size
    0.29 lot acres
    Property size
    12,500 SF
    Zone code
    R7A
    Property type
    Retail space
    APN
    03198-0081
    APU
    31980081

    Value Estimation

    by Realmo proprietary methodology Last update: July 3, 2025

    • AI approach

      CAP return
      Estimation
      Estimation
      $530,000

    • CAP approach

      CAP return
      Estimation
      6%
      $460,000
      6.5%
      $425,000
      7%
      $420,000

    • Comparable approach

      Method
      Estimation
      Relative Method
      $465,000
      Geo Method
      $435,000

    • Alternative Use

      Use
      Estimation
      Distribution
      $455,000
      Retail
      $495,000
      Mixed-Use
      $490,000
      Hospitality
      $425,000
      Educational
      $515,000
      Residential Income
      $540,000
      Energy
      $390,000
      Income-Based Land
      $500,000
      Food Service
      $415,000

    Location Insight

    • Map
    • Local Demand
    City
    Bronx
    County
    Bronx
    State
    New York
    Longitude
    -73.9031
    Latitude
    40.8603
    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
    $0.00
    $115,200
    $809,460
    $924,660
    -
    $256,000
    $1,734,000
    $1,990,000

    Comparable in this City

    • Value Estimation by Request
      8,518 SF

      41 Fordham Rd

      RETAIL STORES (PERSONAL SERVICES) • 8,518 SF
      41 Fordham Rd, Bronx, NY 10468-5322
      View Details
    • Value Estimation by Request
      12,967 SF

      2477 Grand Concourse, Unit 2495

      RETAIL STORES (PERSONAL SERVICES) • 12,967 SF
      2477 Grand Concourse, Bronx, NY 10468-5443
      View Details
    • Value Estimation by Request
      19,128 SF

      2440 Jerome Ave, Unit 2456

      RETAIL STORES (PERSONAL SERVICES) • 19,128 SF
      2440 Jerome Ave, Bronx, NY 10468-6401
      View Details
    • Value Estimation by Request
      1,902 SF

      79 Kingsbridge Rd

      RETAIL STORES (PERSONAL SERVICES) • 1,902 SF
      79 Kingsbridge Rd, Bronx, NY 10468-7503
      View Details
    • Value Estimation by Request
      4,500 SF

      2306 Walton Ave

      RETAIL STORES (PERSONAL SERVICES) • 4,500 SF
      2306 Walton Ave, Bronx, NY 10468-7102
      View Details
    • Value Estimation
      $705,000
      10,695 SF

      2881 Sedgwick Ave

      RETAIL STORES (PERSONAL SERVICES) • 10,695 SF
      2881 Sedgwick Ave, Bronx, NY 10468-2081
      View Details

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    Similar Nearby for Lease

    • $10,700,000
      3,800 SF

      Retail Space on Fordham Road

      Retail spaces available on a major retail block with basement.
      53-63 W Fordham Rd, Bronx, NY 10468
      View Details
    • Contact for pricing
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      Retail space with high street visibility in a dense neighborhood.
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    • Contact for pricing
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      Retail Space on Fordham Road

      Bi-level retail space in a high-traffic Bronx corridor.
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      View Details
    • Contact for pricing
      7,500 SF

      Fordham Road Retail Space Available

      Retail space for rent in high-traffic Fordham Road area.
      306 E Fordham Rd, Bronx, NY 10468
      View Details
    • Contact for pricing
      2,000 SF

      Retail Space on Fordham Road

      Retail space for rent in high-traffic Bronx location.
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      View Details
    • $95 SF/Yr
      2,000 SF

      Retail Space on Grand Concourse

      Retail space available in high-traffic Bronx location.
      2465-2467 Grand Concourse, Bronx, NY 10468
      View Details
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    2359 Jerome Ave
    Bronx, NY 10468-7108
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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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