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    551 169Th St The Bronx, NY 10456
    Property profile & analytics

    551 169Th St The Bronx, NY 10456

    View on Map
    • Churches & religious facilities
    • 8,300 SF
    Off-Market
    Property ID
    US63-2260549
    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.
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Church Of Christ / Church

    Property Details for 551 169Th St

    Property size
    8,300 SF
    Property type
    Churches & religious facilities
    APN
    02925-0092

    Description

    This 8,300 square foot former church building at 551 E 169th St, The Bronx, NY 10456, is offered for sale at $1,975,000 ($237.95/sq ft). Situated on a 4,425 square foot lot (APN 02925-0092), this property presents a unique redevelopment opportunity in the vibrant Morrisania neighborhood. The building, currently zoned R7-1, allows for a maximum residential floor area ratio (FAR) of 3.44, translating to approximately 15,222 buildable square feet. This presents significant upside potential for developers and investors seeking to capitalize on the growing demand for residential and mixed-use developments in the area. The location offers convenient access to public transportation, schools, parks, major highways, and downtown Manhattan. The property is ideal for those seeking a project in a thriving community with ongoing development initiatives. While the existing structure requires substantial rehabilitation or demolition, the zoning and location make this a compelling investment prospect. The property is being sold as-is.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

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

    Location Insight

    • Map
    • Local Demand
    City
    The Bronx
    County
    Bronx
    State
    New York
    Longitude
    -73.9040823
    Latitude
    40.8326478

    Comparable in this City

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      30,000 SF

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    • $1,649,999
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      Morrisania Five-Unit Turnkey Investment Property

      Luxurious, renovated five-unit building in Morrisania with condo-quality finishes.
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      New Multifamily Building in Bronx

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      Bronx Two-Family Frame House

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    Similar Nearby for Sale

    • $2,500,000

      Bronx Multifamily Investment Opportunity

      Fully stabilized 10-unit building in the Bronx with tax abatement.
      915 Eagle Ave, Bronx, NY 10456
      View Details
    • Contact for pricing
      30,000 SF

      Bronx Land Parcel For Sale

      6,250 SF lot suitable for residential or community facility.
      1270 Boston Rd, Bronx, NY 10456
      View Details
    • $1,649,999
      Pending

      Morrisania Five-Unit Turnkey Investment Property

      Luxurious, renovated five-unit building in Morrisania with condo-quality finishes.
      579 E 168Th St, Bronx, NY 10456
      View Details
    • $5,479,000

      New Multifamily Building in Bronx

      New construction multifamily building with 16 units in the Bronx.
      936 College Ave, Bronx, NY 10456
      View Details
    • $825,000
      Pending

      Bronx Two-Family Frame House

      Two-family house with spacious units, ideal for investors.
      1384 Clinton Ave, Bronx, NY 10456
      View Details

    Similar Nearby for Lease

    • $12 SF/Yr

      Bright Concourse Apartment with Flex

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      20,000 SF

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      2,000 SF

      8,000 SF Flex Space Available

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    • $3,250 /Mo
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      720 SF

      Retail Space in The Bronx

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    551 169Th St
    The Bronx, NY 10456
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    Realmo Value Estimations

    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.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    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.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    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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