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    Property profile & analytics

    38 Westchester Sq Bronx, NY 10461-3578

    • Investment properties
    • 4,858 SF
    • 0.06 lot acres
    OFF-MARKET
    Value Estimation
    $6,020,000
    Last Sale
    Jun 03, 2022
    $5,918,400
    Location Intelligence
    Property ID
    US63-1585742
    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

    • New York City Marshals / Police Department
    • Bank of America Financial Center / Financial Consultant / Bank
    • Bank of America ATM / Atm
    • New American Realty. / Apartment Rental Agency

    Property Details for 38 Westchester Sq

    Year built
    1937
    Lot size
    0.06 lot acres
    Property size
    4,858 SF
    Zone code
    R6
    Property type
    Investment properties
    Property subtype
    Retail residential properties
    APN
    03984-0026
    APU
    39840026

    Value Estimation

    by Realmo proprietary methodology Last update: July 3, 2025

    • AI approach

      CAP return
      Estimation
      Estimation
      $6,040,000

    • CAP approach

      CAP return
      Estimation
      6%
      $5,745,000
      6.5%
      $6,075,000
      7%
      $6,325,000

    • Comparable approach

      Method
      Estimation
      Relative Method
      $6,145,000
      Geo Method
      $5,990,000

    • Alternative Use

      Use
      Estimation
      Distribution
      $4,945,000
      Retail
      $5,465,000
      Mixed-Use
      $5,980,000
      Hospitality
      $6,550,000
      Educational
      $5,425,000
      Residential Income
      $5,805,000
      Energy
      $6,310,000
      Income-Based Land
      $5,670,000
      Food Service
      $6,085,000

    Location Insight

    • Map
    • Local Demand
    City
    Bronx
    County
    Bronx
    State
    New York
    Longitude
    -73.8438
    Latitude
    40.8415
    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
    $32,451
    $117,000
    $189,370
    $306,370
    -
    $260,000
    $522,000
    $782,000

    Comparable in this City

    • Value Estimation by Request
      2,550 SF

      3287 Westchester Ave

      STORE/OFFICE (MIXED USE) • 2,550 SF
      3287 Westchester Ave, Bronx, NY 10461-4524
      View Details
    • Value Estimation
      $445,000
      2,084 SF

      1058 Morris Park Ave

      STORE/OFFICE (MIXED USE) • 2,084 SF
      1058 Morris Park Ave, Bronx, NY 10461-1478
      View Details
    • Value Estimation
      $450,000
      4,140 SF

      1978 Williamsbridge Rd

      STORE/OFFICE (MIXED USE) • 4,140 SF
      1978 Williamsbridge Rd, Bronx, NY 10461-0409
      View Details
    • Value Estimation
      $500,000
      6,000 SF

      2125-2127 Williamsbridge Rd

      STORE/OFFICE (MIXED USE) • 6,000 SF
      2125-2127 Williamsbridge Rd, Bronx, NY 10461
      View Details
    • Value Estimation
      $565,000
      3,735 SF

      1748 Crosby Ave

      STORE/OFFICE (MIXED USE) • 3,735 SF
      1748 Crosby Ave, Bronx, NY 10461-4902
      View Details
    • Value Estimation by Request
      15,672 SF

      1805-1809 Williamsbridge Rd

      STORE/OFFICE (MIXED USE) • 15,672 SF
      1805-1809 Williamsbridge Rd, Bronx, NY 10461
      View Details

    Similar Nearby for Sale

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    • $1,250,000
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      Mixed-Use Building For Sale

      Two-story brick building with apartments and retail space.
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    • $1,899,000

      Mixed-Use Property in Westchester Square

      Mixed-use property with storefront and two residential units.
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      Mixed-Use Property in The Bronx

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    Similar Nearby for Lease

    • $3,300 /Mo
      1,000 SF

      Bronx Office Suite for Rent

      Commercial office suite with elevator, suitable for various businesses.
      2024 Williamsbridge Rd, Bronx, NY 10461
      View Details
    • $4,000 /Mo

      Bronx Office Space For Rent

      Office space available in the Pelham Parkway area of the Bronx.
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      View Details
    • $3,200 /Mo
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      Modern 2,000 sq. ft. medical office space for rent.
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    • $3,225 /Mo
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      Versatile Commercial Space in the Bronx

      860 sq ft commercial space suitable for various businesses.
      2814 Middletown Rd, Bronx, NY 10461
      View Details
    • Contact for pricing
      3,300 SF

      Westchester Avenue Retail Space Available

      Second floor retail space in mixed-use building for rent.
      3217 Westchester Ave, Bronx, NY 10461
      View Details
    • Contact for pricing
      63,000 SF

      Bronx Warehouse Space Available

      63,000 SF warehouse space for lease in Bronx.
      1720 Eastchester Rd, Bronx, NY 10461
      View Details
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    Bronx, NY 10461-3578
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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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