Sign Up Successful!
You now have access to more from Realmo!
Property Lookup
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    638 169th St Bronx, NY 10456-2623

    • Investment properties
    • 15,582 SF
    • 0.34 lot acres
    OFF-MARKET
    Last Sale
    Apr 11, 2024
    $3,800,000
    Value Estimations
    $3,820,000
    Show details
    Cap Rate Potential
    Location Intelligence
    Property ID
    US63-3071733
    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

    • Vladimir Barbershop / Barber Shop
    • Kwak Dental Management II Pllc / Dental Office
    • Alliance For Progress / Charitable Organization / Social Service Agency
    • Liberty Tax / Accounting Firm / Tax Preparation
    • Phoenix Laundromat / (Bike/Boat/Book/etc) Store

    Property Details for 638 169th St

    Year built
    1920
    Lot size
    0.34 lot acres
    Property size
    15,582 SF
    Zone code
    R6
    Property type
    Investment properties
    Property subtype
    Retail residential properties
    APN
    02615-0034
    APU
    26150034

    Value Estimations

    based on Realmo’s proprietary methodology

    • CAP approach

      CAP Return
      Estimation
      6%
      $5,260,000
      6.5%
      $4,855,000
      7%
      $4,510,000

    • Alternative Use

      Use
      Estimation
      COMMERCIAL (GENERAL)
      $3,695,000
      Current use
      WAREHOUSE, STORAGE
      $6,040,000
      Change: +64% Conversion: Difficult
      INDUSTRIAL (GENERAL)
      $5,790,000
      Change: +57% Conversion: Moderate
      OFFICE BUILDING
      $5,685,000
      Change: +54% Conversion: Easy

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

    Location Insight

    • Map
    • Local Demand
    City
    Bronx
    County
    Bronx
    State
    New York
    Longitude
    -73.9012
    Latitude
    40.831
    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
    $71,162
    $132,300
    $599,310
    $731,610
    -
    $294,000
    $1,199,000
    $1,493,000

    Comparable in this City

    • Value Estimation
      $3,150,000
      16,500 SF

      1417 Webster Ave

      STORE/OFFICE (MIXED USE) • 16,500 SF
      1417 Webster Ave, Bronx, NY 10456-1831
      View Details
    • Value Estimation
      $2,365,000
      12,016 SF

      1401 Webster Ave

      STORE/OFFICE (MIXED USE) • 12,016 SF
      1401 Webster Ave, Bronx, NY 10456-1831
      View Details
    • Value Estimation
      $4,755,000
      24,700 SF

      1160 Webster Ave, Unit 1170

      STORE/OFFICE (MIXED USE) • 24,700 SF
      1160 Webster Ave, Bronx, NY 10456-4204
      View Details
    • Value Estimation
      $4,665,000
      24,400 SF

      218 170th St

      STORE/OFFICE (MIXED USE) • 24,400 SF
      218 170th St, Bronx, NY 10456-1101
      View Details
    • Value Estimation
      $6,455,000
      34,742 SF

      1235 Webster Ave

      STORE/OFFICE (MIXED USE) • 34,742 SF
      1235 Webster Ave, Bronx, NY 10456
      View Details
    • Value Estimation
      $1,135,000
      5,566 SF

      3387 3rd Ave

      STORE/OFFICE (MIXED USE) • 5,566 SF
      3387 3rd Ave, Bronx, NY 10456-5355
      View Details

    Similar Nearby for Sale

    • $1,099,000
      Pending

      Bronx Duplex Near Claremont Park

      Two-family house in the Claremont section of the Bronx.
      1377 Teller Ave, Bronx, NY 10456
      View Details
    • $7,950,000
      20,732 SF

      Bronx Warehouse: Huge Investment Potential

      Prime Bronx location, 20,732 sqft warehouse, high ceilings.
      415 167Th St, Bronx, NY 10456
      View Details
    • $1,050,000
      2,954 SF

      Bronx Triplex with Income Potential

      Three-family property in the Bronx with immediate value-add potential.
      1350 Clay Ave, Bronx, NY 10456
      View Details
    • $1,150,000
      Pending

      Bronx Triplex Investment Opportunity

      Fully occupied triplex near Yankee Stadium, generating $9,421 monthly.
      1168 Sherman Ave, Bronx, NY 10456
      View Details
    • $990,000
      2,080 SF

      Bronx Duplex with Income Potential

      Lovingly maintained duplex, ideal for home plus income or investment.
      1207 Findlay Ave, Bronx, NY 10456
      View Details
    • $18,500,000
      118,000 SF

      Prime Bronx Mixed-Use Portfolio

      139 Apartments & 2 Stores - High ROI
      The Clay Ave, The Bronx, NY 10456
      View Details

    Similar Nearby for Lease

    • Contact for pricing
      205,000 SF

      Bronx Office Building - 205,000 SF

      Prime Bronx Office Space, Multiple Suites Available
      1010 Washington Ave, The Bronx, NY 10456
      View Details
    • $2,500 /Mo
      750 SF

      Bronx Medical Space Available

      Medical office space for rent in the Bronx.
      1103 Franklin Ave, Bronx, NY 10456
      View Details
    • Contact for pricing
      20,000 SF

      Webster Avenue Retail Space

      20000 square feet retail space available for rent.
      1099 Webster Ave, Bronx, NY 10456
      View Details
    • $3,250 /Mo
      952 SF

      Bronx Retail/Office Space for Rent

      952 SF retail/office space near Bronx courts.
      192 E 164Th St, Bronx, NY 10456
      View Details
    • Contact for pricing
      5,000 SF

      5,000 SF Flex Space

      5,000 SF space suitable for industrial or retail use.
      546 E 170Th St, Bronx, NY 10456
      View Details
    • $3,500 /Mo

      High-Visibility Retail Space Available

      Retail space in a high-traffic commercial area for rent.
      633 E 169Th St, Bronx, NY 10456
      View Details
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    638 169th St
    Bronx, NY 10456-2623
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    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
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Google sign-in failed. Please try again or use another login method.