Property profile & analytics
2582 3rd Ave, Unit 2588 Bronx, NY 10454-1118
- Investment properties
- 6,386 SF
- 0.11 lot acres
OFF-MARKET
Value Estimations
$1,450,000
Show details
Cap Rate Potential
Location Intelligence
Property ID
US63-1020390
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
- Investment properties
Property Details for 2582 3rd Ave
- Year built
- 1910
- Lot size
- 0.11 lot acres
- Property size
- 6,386 SF
- Zone code
- R6
- Property type
- Investment properties
- Property subtype
- Retail residential properties
- APN
- 02314-0049
- APU
- 23140049
Description
This exceptional mixed-use property, located at 2582 Third Avenue in the vibrant Mott Haven neighborhood of the Bronx, presents a compelling investment opportunity. The 6,386 square foot building boasts a 7.09% cap rate and a strong net operating income (NOI) of $234,129. Currently, the property features two free-market apartments and a store, achieving 100% occupancy. A significant opportunity exists with a vacant 4,200 square foot retail space and a 2,500 square foot basement, both divisible to suit various tenants. The building sits on a 4,656 square foot lot and is ideally situated on a busy avenue, just two blocks from the 6 train subway station, ensuring high visibility and accessibility. The asking price is $3,300,000, translating to $516.76 per square foot. With a projected gross income of $289,000, this property offers substantial potential for increased revenue through the lease-up of the vacant retail space and basement. This is a rare chance to acquire a well-positioned mixed-use asset in a rapidly developing area of the Bronx. The property's strong financials and prime location make it an attractive investment for both seasoned and emerging investors.
Value Estimations
based on Realmo’s proprietary methodology
-
CAP approach
- CAP Return
- Estimation
- 6%
- $2,130,000
- 6.5%
- $1,965,000
- 7%
- $1,825,000
-
Alternative Use
- Use
- Estimation
- COMMERCIAL (GENERAL)
- $1,865,000 Current use
- INDUSTRIAL (GENERAL)
- $2,375,000 Change: +27% Conversion: Moderate
- OFFICE BUILDING
- $2,330,000 Change: +25% Conversion: Easy
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Location Insight
- Map
- Local Demand
- City
- Bronx
- County
- Bronx
- State
- New York
- Longitude
- -73.9258
- Latitude
- 40.8115
- 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
$35,414
$45,000
$322,200
$367,200
-
$100,000
$643,000
$743,000
