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    Property profile & analytics
    OFF-MARKET Estimated value $650,000
    Retail space

    451 Tremont Ave, Bronx, NY 10457-4301

    2,500 SF 0.06 ac lot Built 1931
    Entity Owned 19-yr Hold ~ Est. High Equity
    Property ID
    US63-1433929
    Property summary
    AI-generated overview

    This exceptional 2,500 square foot storefront at 451 E. Tremont Avenue in the Bronx, New York, presents a unique investment opportunity. Currently vacant, this property offers significant potential for redevelopment. Built in 1931, the single-building structure sits on a 2,500 square foot lot and is zoned C4-5X, permitting both commercial and residential development. The property's prime location offers excellent visibility and accessibility, with convenient proximity to public transportation. Specifically, it's located one block from the Tremont Metro North Station and a short drive from major attractions such as the Bronx Zoo, St. Barnabas Hospital, and Little Italy. The area is experiencing significant revitalization, making this a particularly attractive investment in a rapidly growing neighborhood. The property's mixed-use zoning allows for flexible development options, catering to the increasing demand for urban living and commercial spaces. The ease of access to I-95 further enhances its appeal to both residents and businesses. This is a rare chance to acquire a strategically located property with substantial upside potential in a thriving borough. The asking price is $1,299,000.

    Property profile
    Verified
    Property type Retail space
    Use group RETAIL STORES (PERSONAL SERVICES)
    Year built 1931
    Total area 2,500 SF
    Lot 0.06 ac (2,581 SF)
    Zoning code C45X
    APN 03034-0054
    UPID US63-1433929
    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
    Current use
    Occupant on record · Public records
    • ATR Appliances Inc Home Appliance Store Hardware & Home Improvement
    Value estimations
    Realmo proprietary · 4 methods
    AI Approach AI
    $465k
    CAP Approach CAP
    $810k
    Comparable Approach Comparable
    by Request
    Blend (final) Blend
    $650k
    Owner & transaction history
    Tovar LLC · 19 yrs held
    Tovar LLC
    since 2006
    3 recorded transactions
    2016
    2006
    $320,000
    1969
    Zoning & alternative use
    C45X · Bronx, NY
    Permitted uses
    Permitted uses
    Allowed · conditional · prohibited
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