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Property profile & analytics

548 183rd St Bronx, NY 10458-7980

  • Retail residential properties
  • 24,094 SF
  • 0.13 lot acres
OFF-MARKET
Last Sale
Jun 06, 2024
$6,140,000
Value Estimations
$6,140,000
Show details
Cap Rate Potential
7.9%
Retail residential properties
Location Intelligence
Property ID
US63-0762358
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

  • Bluesky Living At 183rd Street / Apartment Building / Apartment Rental Agency

Property Details for 548 183rd St

Year built
1912
Lot size
0.13 lot acres
Property size
24,094 SF
Zone code
C44D
Property type
Retail residential properties
APN
03051-0031
APU
30510031

Description

This exceptional 900-square-foot retail space, ideally suited for a restaurant or cafe, is located at 548 East 183rd Street in the Belmont neighborhood of the Bronx, New York. The property boasts a built-out cafe configuration, saving the new tenant significant time and expense on build-out. Its strategic location directly across from St. Barnabas Hospital ensures a consistent flow of foot traffic from hospital staff, patients, and visitors. Furthermore, its proximity to Little Italy, within a few blocks, provides access to a vibrant and densely populated residential area. The property benefits from excellent public transportation access, with the B and D subway lines at the 182nd-183rd Street station just a short distance away, as well as the BX15 bus line. This ensures easy accessibility for both employees and customers. The area is also home to a thriving mix of established businesses, including Zero Otto Nove, Enzo's, San Gennaro, Roberto's, Rite Aid, CTown Supermarkets, Artuso Pastry Shop, Dollar Tree, Clinton Hall, Prince Coffee House, and Gong Cha, creating a strong and supportive commercial environment. This turnkey opportunity presents a rare chance to establish a successful business in a high-demand location with excellent visibility and convenient access to public transportation. The property is a single-tenant space within Bronx County, NY, zip code 10458.


Value Estimations

based on Realmo’s proprietary methodology
  • AI approach

    Method
    Estimation
    Statistic approach
    $6,140,000
    ML approach
    $6,140,000
  • CAP approach

    CAP Return
    Estimation
    6%
    $8,040,000
    6.5%
    $7,425,000
    7%
    $6,895,000
  • Comparable approach

    Method
    Estimation
    Statistic Estimate
    $8,509,000
    Market price range: $4.05M - $9.01M
  • Alternative Use

    Use
    Estimation
    COMMERCIAL (GENERAL)
    $6,020,000
    Current use
    WAREHOUSE, STORAGE
    $9,340,000
    Change: +55% Conversion: Difficult
    INDUSTRIAL (GENERAL)
    $8,955,000
    Change: +49% Conversion: Moderate
    OFFICE BUILDING
    $8,790,000
    Change: +46% Conversion: Easy

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


Location Insight

  • Map
  • Local Demand
City
Bronx
County
Bronx
State
New York
Longitude
-73.8912
Latitude
40.8541
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
$140,704
$73,800
$1,062,355
$1,136,155
-
$164,000
$2,337,000
$2,501,000
More about this property
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