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    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    3219 Lurting Ave Bronx, NY 10469

    • Commercial real estate
    • 2,680 SF
    OFF-MARKET
    Value Estimations
    Cap Rate Potential
    Location Intelligence
    Property ID
    US63-1964276
    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

    • Commercial real estate

    Property Details for 3219 Lurting Ave

    Property size
    2,680 SF
    Property type
    Commercial real estate

    Description

    This exceptional mixed-use property, located at 3219 Lurting Ave in the Bronx, NY 10469, presents a compelling investment opportunity or ideal multi-generational living solution. Priced at $985,000, this 2,680 square foot building is a three-story, semi-attached brick structure. Its prime location in the Bronx offers easy access to local amenities and transportation. The property's versatile layout allows for a variety of uses, making it an attractive option for both residential and commercial ventures. The building's solid construction and well-maintained condition ensure a sound investment. The property's size and layout provide ample space for multiple families or a combination of residential and commercial uses. This is a rare opportunity to acquire a substantial property in a desirable Bronx location. The asking price reflects the property's value and potential for significant return on investment. Serious inquiries are encouraged to explore the possibilities this unique property offers. Further details regarding the property's specific layout and zoning are available upon request. Don't miss this chance to own a piece of the Bronx.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

    Get a detailed, property-specific valuation — fast and free

    Location Insight

    • Map
    • Local Demand
    City
    Bronx
    County
    36005
    State
    New York
    Longitude
    -73.8568712
    Latitude
    40.8718804

    Comparable in this City

    • $2,495,000
      12,836 SF

      Bronx Mixed-Use Investment Opportunity

      Mixed-use property in the Bronx with income potential.
      3717 Bronxwood Ave, Bronx, NY 10469
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    • $2,495,000
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      Bronx Mixed-Use Investment Opportunity

      Mixed-use property with 15 apartments and two commercial units.
      3717 Bronxwood Ave, Bronx, NY 10469
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    • $3,250,000
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      Bronx Multi-Family Investment Opportunity

      16-Unit Building, Excellent Condition, High Occupancy
      2543 Bronxwood Ave, Bronx, NY 10469
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    • $849,000
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      Bronx Multifamily Home Near Transit

      All brick multifamily home in Williamsbridge community, near transportation.
      3248 Hone Ave, Bronx, NY 10469
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    • $1,299,000
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      Tudor Triplex in Pelham Parkway

      Two-family Tudor with finished basement, lush backyard, and garage.
      2441 Yates Ave, Bronx, NY 10469
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    • $1,429,000
      Pending

      Bronx Triplex on Large Lot

      Three-family home on a 50 x 100 lot in the Bronx.
      2312 Morgan Ave, Bronx, NY 10469
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    Similar Nearby for Sale

    • $2,495,000
      12,836 SF

      Bronx Mixed-Use Investment Opportunity

      Mixed-use property in the Bronx with income potential.
      3717 Bronxwood Ave, Bronx, NY 10469
      View Details
    • $2,495,000
      12,836 SF

      Bronx Mixed-Use Investment Opportunity

      Mixed-use property with 15 apartments and two commercial units.
      3717 Bronxwood Ave, Bronx, NY 10469
      View Details
    • $3,250,000
      8,483 SF

      Bronx Multi-Family Investment Opportunity

      16-Unit Building, Excellent Condition, High Occupancy
      2543 Bronxwood Ave, Bronx, NY 10469
      View Details
    • $849,000
      Pending

      Bronx Multifamily Home Near Transit

      All brick multifamily home in Williamsbridge community, near transportation.
      3248 Hone Ave, Bronx, NY 10469
      View Details
    • $1,299,000
      Pending

      Tudor Triplex in Pelham Parkway

      Two-family Tudor with finished basement, lush backyard, and garage.
      2441 Yates Ave, Bronx, NY 10469
      View Details
    • $1,429,000
      Pending

      Bronx Triplex on Large Lot

      Three-family home on a 50 x 100 lot in the Bronx.
      2312 Morgan Ave, Bronx, NY 10469
      View Details

    Similar Nearby for Lease

    • $2,500 /Mo
      13,736 SF

      Bronx Commercial Space Available

      Versatile commercial space suitable for retail, office, or professional use.
      3717 Bronxwood Ave, Bronx, NY 10469
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    • $2,800 /Mo

      Retail Space on Williamsbridge Road

      Retail space available in a high-traffic area.
      2462 Williamsbridge Rd, Bronx, NY 10469
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    • $2,500 /Mo
      6,920 SF

      Professional Office Suites in Bronx

      Custom-built office suites suitable for medical, financial, or legal services.
      1554 Astor Ave, Bronx, NY 10469
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    • $3,325 /Mo
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      Retail Space in Williamsbridge

      949 SF retail space in prime Williamsbridge location.
      3421-3439 Boston Rd, Bronx, NY 10469
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    • Contact for pricing
      1,750 SF

      Eastchester Road Office Space Available

      Third-floor office space near hospitals and Einstein College of Medicine.
      2344 Eastchester Rd, Bronx, NY 10469
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    • $5,750 /Mo

      Turnkey Medical Office Sublease

      Modern 2,000 SF medical office sublease in The Bronx.
      1339 E Gun Hill Rd, Bronx, NY 10469
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    Request Owner's contact information
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    3219 Lurting Ave
    Bronx, NY 10469
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    Realmo Value Estimations

    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.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    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.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    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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