Property profile

502 183rd St Bronx, NY 10458

OFF-MARKET
Auto shops
Property ID
US63-0719495
2,400 SF 0.09 ac lot Built 1901
Entity Owned 3-yr Hold ~ Est. High Equity
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Property summary

AI-generated overview

This exceptional 800-square-foot retail space is ideally situated in the vibrant Belmont neighborhood of the Bronx, New York. Located at 502 East 183rd Street, this single-tenant property offers unparalleled access to a bustling community and convenient transportation options. The property benefits from its proximity to the 182nd-183rd Street subway station, serviced by the B and D trains, ensuring easy commutes for both employees and customers. Numerous bus lines, including the Bx15, Bx40, Bx41, Bx42, and Bx41-SBS, further enhance accessibility. The location is also strategically positioned between East 183rd Street and East 182nd Street, placing it within a high-traffic area. The property's immediate vicinity boasts a diverse range of established businesses, including Enterprise Rent-A-Car, Dollar Tree, Domino's Pizza, the United States Postal Service, Fiesta Lounge and Restaurant, Healthy Bronx Rx Corp, Total Wireless, and the Salvation Army Community Center. Furthermore, the presence of St. Barnabas Hospital, Medassure Pharmacy, SBH Healthplex Fitness Center, and P.S. 59 - The Community School of Technology, contributes to a strong and stable local economy. The property is also conveniently located just down the block from PS 23, ensuring a consistent flow of foot traffic. This prime retail space presents a unique opportunity for businesses seeking a thriving location with excellent visibility and accessibility within a well-established community. The property is zoned for retail use.

Property profile

Verified
Property type Auto shops
Use group AUTO REPAIR, GARAGE
Year built 1901
Total area 2,400 SF
Lot 0.09 ac (4,027 SF)
Zoning code R6A
APN 03050-0069
UPID US63-0719495

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Current use

Occupant on record · Public records
  • Training Center Vocational School

Location

502 183rd St Bronx, NY 10458-7977
Bronx metro Census 38500 NEW YORK-NORTHERN NEW JERSEY-LONG ISLAND, NY-NJ-PA METROPOLITAN STATISTICAL AREA
Google Maps

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
$575k
CAP Approach CAP
by Request
Comparable Approach Comparable
$390k
Blend (final) Blend
$510k

Owner & transaction history

since 2023
Last sale
$575,000
7 recorded transactions
2026
Price N/A
2024
Price N/A
2023
$575,000
2022
Price N/A
2018
$135,000
2018
Price N/A
2018
$940,000

Zoning & alternative use

R6A · Bronx, NY

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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