406 161st St Frnt, Unit 1 Bronx, NY 10451-4173
- Retail space
- 6,367 SF
- 0.50 lot acres
Current Use by Public Records
- Adun Driving School / Training Centre
- TAX-POINT / Tax Preparation Service
- ADUN INTERNET CAFE / Internet Cafe
- AMAZON CASH CENTER (Located Inside ADUN LAUNDRY SERVICES) / Mobile Money Agent
- UNO Money Transfer (Located inside Adun Laundry) / Money Transfer Service
Property Details for 406 161st St Frnt
- Year built
- 2006
- Lot size
- 0.50 lot acres
- Property size
- 6,367 SF
- Zone code
- R8
- Property type
- Retail space
- APN
- 02382-1101
- APU
- 23821101
Description
This exceptional 1,400 square foot retail space is ideally situated at 406 East 161st Street in the vibrant Melrose neighborhood of the Bronx, New York. The property boasts a single-tenant occupancy, offering a streamlined and efficient investment opportunity. Its strategic location between Melrose Avenue and Elton Avenue provides excellent visibility and accessibility. The property benefits from proximity to the Melrose subway station, ensuring convenient access for customers and employees alike. Public transportation options are abundant, with easy access to the Harlem train line and numerous bus routes including the Bx41, Bx41-SBS, Bx6-SBS, Bx13, Bx15, Bx6, and Bx21. This thriving commercial area is home to a diverse range of established businesses, creating a strong and supportive retail environment. Nearby businesses include the United States Postal Service, Walgreens Pharmacy, ALDI, Mattress Firm, Dunkin', Starbucks, FOOD BAZAAR, Universal Wines & Liquors, Cinco De Mayo, Katelyn Food Center, Playa Verde Fish Market & Restaurant, Meyers Uniforms, The Bronx Defenders, Langsam Property Services, Phipps Neighborhoods Opportunity Center at Melrose, and Foodtown of Third Avenue, among others. This property presents a compelling opportunity for a business seeking a high-traffic location within a well-established and diverse community. The property's address is 406 E 161st St, The Bronx, NY 10451.
Value Estimation
-
AI approach
- CAP return
- Estimation
- Estimation
- $705,000
-
CAP approach
- CAP return
- Estimation
- 6%
- $555,000
- 6.5%
- $615,000
- 7%
- $590,000
-
Comparable approach
- Method
- Estimation
- Relative Method
- $560,000
- Geo Method
- $625,000
-
Alternative Use
- Use
- Estimation
- Distribution
- $460,000
- Retail
- $455,000
- Mixed-Use
- $495,000
- Hospitality
- $570,000
- Educational
- $525,000
- Residential Income
- $465,000
- Energy
- $450,000
- Income-Based Land
- $555,000
- Food Service
- $555,000
Location Insight
- Map
- Local Demand
- City
- Bronx
- County
- Bronx
- State
- New York
- Longitude
- -73.9134
- Latitude
- 40.8237
- CBSA code
- 35620
- CBSA name
- NEW YORK-NORTHERN NEW JERSEY-LONG ISLAND, NY-NJ-PA METROPOLITAN STATISTICAL AREA
