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Property profile & analytics
OFF-MARKET Estimated value $465,000
Investment properties

321 Soundview Ave Bronx, NY 10473-3019

2,075 SF 0.03 ac lot Built 1940
Individually Owned 3-yr Hold ~ Est. High Equity
Property ID
US63-1802683
Property summary
AI-generated overview

This exceptional mixed-use property, located at 321 Soundview Avenue in the Bronx, New York, presents a compelling investment opportunity. The building encompasses a generous 2,075 square feet situated on a 0.03-acre lot. The property's configuration includes two ground-floor retail spaces, currently available for immediate occupancy. These vacant storefronts offer significant potential for lease income generation, allowing new owners to customize tenant selection and lease terms to maximize returns. Above the retail spaces, a residential unit is currently leased, generating a monthly rental income of $2,388. This provides a stable, immediate cash flow stream. The basement area is partially finished, offering additional potential for expansion, storage, or further development to increase the property's overall value and utility. The asking price for this strategically located Bronx property is $798,888. This represents a strong value proposition in a rapidly developing area, offering a blend of immediate income and long-term growth potential. The property's mixed-use nature allows for diverse income streams and adaptability to changing market demands. This is an ideal opportunity for investors seeking a strong return on investment in a vibrant and up-and-coming neighborhood. The vacant retail spaces provide a blank canvas for creative entrepreneurs, while the existing rental income ensures a steady cash flow from day one. Don't miss this chance to acquire a valuable asset in a prime Bronx location.

Property profile
Verified
Property type Investment properties
Use group OFFICE/RESIDENTIAL (MIXED USE)
Year built 1940
Total area 2,075 SF
Lot 0.03 ac (1,255 SF)
Zoning code R3-2
APN 03474-0063
UPID US63-1802683
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
$520k
CAP Approach CAP
$640k
Comparable Approach Comparable
$309k
Blend (final) Blend
$465k
Owner & transaction history
Feliciano, Noel · 3 yrs held
Feliciano, Noel
since 2023
Last sale
$525,000
4 recorded transactions
2024
Price N/A
2023
$525,000
2013
$205,000
2008
Price N/A
Zoning & alternative use
R3-2 · Bronx, NY
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Warehouse, storage $805,000 +63.5%
Office building $755,000 +53.9%
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