256 138th St Bronx, NY 10451-6424
- Retail residential properties
- 7,120 SF
- 0.05 lot acres
Current Use by Public Records
- World Concrete Solutions / Construction Company
- ESC Cabling / Telecommunications Service Provider
- EZHSE Health Safety Environmental LTD- OSHA Construction Safety Training in Spanish / Occupational Safety And Health
- Carecube / Medical Clinic / Cardiologist
Property Details for 256 138th St
- Year built
- 1931
- Lot size
- 0.05 lot acres
- Property size
- 7,120 SF
- Zone code
- M14R7X
- Property type
- Retail residential properties
- APN
- 02320-0072
- APU
- 23200072
Description
This exceptional retail opportunity is located at 256 East 138th Street in the Mott Haven submarket of the Bronx, New York (10451). The property, built in 1931, offers 4,500 square feet of space across three stories, with a minimum divisible unit of 2,000 square feet and a maximum contiguous space of 2,500 square feet. Currently, all 4,500 square feet are vacant and available for immediate occupancy. The building features a "white box" interior, allowing for complete customization to suit tenant needs. Situated on a 0.5-acre lot (2,391 square feet), the property boasts a 5 FAR and benefits from high foot traffic due to its proximity to public transportation and residential developments. The building is zoned M1-4/R7X and enjoys a strong commercial mix with established retailers and services nearby. The high residential density and proximity to offices ensure consistent commuter traffic. The building includes an elevator. Cross streets are Third Avenue & Rider Avenue. This location offers a unique blend of old and new, appealing to a diverse demographic. The property presents a rare chance to establish a business in a thriving and rapidly developing neighborhood.
Value Estimation
-
AI approach
- CAP return
- Estimation
- Estimation
- $495,000
-
CAP approach
- CAP return
- Estimation
- 6%
- $375,000
- 6.5%
- $315,000
- 7%
- $315,000
-
Comparable approach
- Method
- Estimation
- Relative Method
- $380,000
- Geo Method
- $330,000
-
Alternative Use
- Use
- Estimation
- Distribution
- $305,000
- Retail
- $310,000
- Mixed-Use
- $320,000
- Hospitality
- $335,000
- Educational
- $315,000
- Residential Income
- $340,000
- Energy
- $305,000
- Income-Based Land
- $360,000
- Food Service
- $335,000
Location Insight
- Map
- Local Demand
- City
- Bronx
- County
- Bronx
- State
- New York
- Longitude
- -73.9279
- Latitude
- 40.8112
- CBSA code
- 35620
- CBSA name
- NEW YORK-NORTHERN NEW JERSEY-LONG ISLAND, NY-NJ-PA METROPOLITAN STATISTICAL AREA
