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    Property profile & analytics

    3203 Westchester Ave Bronx, NY 10461-4537

    • Investment properties
    • 3,312 SF
    • 0.04 lot acres
    OFF-MARKET
    Value Estimation
    $910,000
    Last Sale
    May 26, 2021
    $850,000
    Location Intelligence
    Property ID
    US63-2852060
    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

    • Professional Brokerage Services Co / Insurance Agency

    Property Details for 3203 Westchester Ave

    Year built
    1927
    Lot size
    0.04 lot acres
    Property size
    3,312 SF
    Zone code
    R7-1
    Property type
    Investment properties
    Property subtype
    Live-work space
    APN
    04245-0023
    APU
    42450023

    Value Estimation

    by Realmo proprietary methodology Last update: July 3, 2025

    • AI approach

      CAP return
      Estimation
      Estimation
      $925,000

    • CAP approach

      CAP return
      Estimation
      6%
      $840,000
      6.5%
      $790,000
      7%
      $895,000

    • Comparable approach

      Method
      Estimation
      Relative Method
      $880,000
      Geo Method
      $785,000

    • Alternative Use

      Use
      Estimation
      Distribution
      $940,000
      Retail
      $865,000
      Mixed-Use
      $1,040,000
      Hospitality
      $765,000
      Educational
      $790,000
      Residential Income
      $1,035,000
      Energy
      $1,000,000
      Income-Based Land
      $865,000
      Food Service
      $915,000

    Location Insight

    • Map
    • Local Demand
    City
    Bronx
    County
    Bronx
    State
    New York
    Longitude
    -73.8301
    Latitude
    40.8518
    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
    $13,331
    $26,844
    $79,787
    $106,631
    -
    $180,000
    $535,000
    $715,000

    Comparable in this City

    • Value Estimation by Request
      2,142 SF

      1537 Crosby Ave

      OFFICE/RESIDENTIAL (MIXED USE) • 2,142 SF
      1537 Crosby Ave, Bronx, NY 10461-5514
      View Details
    • Value Estimation by Request
      2,074 SF

      3118 Tremont Ave

      OFFICE/RESIDENTIAL (MIXED USE) • 2,074 SF
      3118 Tremont Ave, Bronx, NY 10461-5747
      View Details
    • Value Estimation by Request
      3,900 SF

      3271 Tremont Ave

      OFFICE/RESIDENTIAL (MIXED USE) • 3,900 SF
      3271 Tremont Ave, Bronx, NY 10461-5717
      View Details
    • Value Estimation by Request
      2,310 SF

      2452 Tremont Ave

      OFFICE/RESIDENTIAL (MIXED USE) • 2,310 SF
      2452 Tremont Ave, Bronx, NY 10461-2830
      View Details
    • Value Estimation by Request
      4,668 SF

      1220 Pelham S Pkwy

      OFFICE/RESIDENTIAL (MIXED USE) • 4,668 SF
      1220 Pelham S Pkwy, Bronx, NY 10461-1029
      View Details
    • Value Estimation
      $365,000
      4,256 SF

      1307 Crosby Ave

      OFFICE/RESIDENTIAL (MIXED USE) • 4,256 SF
      1307 Crosby Ave, Bronx, NY 10461-6076
      View Details

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    Similar Nearby for Lease

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      Versatile Commercial Space in the Bronx

      860 sq ft commercial space suitable for various businesses.
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      View Details
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    Bronx, NY 10461-4537
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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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