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

    689 187th St Bronx, NY 10458-6814

    • Investment properties
    • 8,219 SF
    • 0.09 lot acres
    OFF-MARKET
    Value Estimations
    $1,165,000
    Show details
    Cap Rate Potential
    Location Intelligence
    Property ID
    US63-1586235
    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

    • Quote And Drive Insurance Online / Tax Preparation / Health Insurance Agency
    • B&B Jerk Hut / Caribbean Restaurant
    • Ismeal convenience / Convenience Store
    • Prego's Pizza Restaurant / Pizza Restaurant
    • Money Tax Service / Tax Preparation Service

    Property Details for 689 187th St

    Year built
    1913
    Lot size
    0.09 lot acres
    Property size
    8,219 SF
    Zone code
    R6
    Property type
    Investment properties
    Property subtype
    Live-work space
    APN
    03090-0031
    APU
    30900031

    Value Estimations

    based on Realmo’s proprietary methodology

    • Comparable approach

      Method
      Estimation
      Statistic Estimate
      $1,380,000
      Market price range: $1.38M - $3.07M

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

    Location Insight

    • Map
    • Local Demand
    City
    Bronx
    County
    Bronx
    State
    New York
    Longitude
    -73.8849
    Latitude
    40.8545
    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
    $17,384
    $7,967
    $131,081
    $139,048
    -
    $79,000
    $1,299,800
    $1,378,800

    Comparable in this City

    • Value Estimation
      $745,000
      4,125 SF

      2391 Arthur Ave

      OFFICE/RESIDENTIAL (MIXED USE) • 4,125 SF
      2391 Arthur Ave, Bronx, NY 10458-8185
      View Details
    • Value Estimation
      $925,000
      6,100 SF

      2676 Marion Ave

      OFFICE/RESIDENTIAL (MIXED USE) • 6,100 SF
      2676 Marion Ave, Bronx, NY 10458-4100
      View Details
    • Value Estimation
      $605,000
      3,497 SF

      4555 3rd Ave

      OFFICE/RESIDENTIAL (MIXED USE) • 3,497 SF
      4555 3rd Ave, Bronx, NY 10458-7893
      View Details
    • Value Estimation by Request
      2,175 SF

      270 198th St

      OFFICE/RESIDENTIAL (MIXED USE) • 2,175 SF
      270 198th St, Bronx, NY 10458-3148
      View Details
    • Value Estimation by Request
      2,622 SF

      252 204th St

      OFFICE/RESIDENTIAL (MIXED USE) • 2,622 SF
      252 204th St, Bronx, NY 10458-1309
      View Details
    • Value Estimation by Request
      1,927 SF

      254 204th St

      OFFICE/RESIDENTIAL (MIXED USE) • 1,927 SF
      254 204th St, Bronx, NY 10458-1309
      View Details

    Similar Nearby for Sale

    • $1,179,000

      Bronx Mixed-Use Investment Opportunity

      Renovated 3-Family, Huge Potential
      0 194Th St, Bronx, NY 10458
      View Details
    • $999,000
      2,480 SF

      Bronx Duplex in Little Italy

      Two-family brick duplex in Bronx's Little Italy neighborhood.
      2447 Beaumont Ave, Bronx, NY 10458
      View Details
    • $799,500

      Bathgate Avenue Specialty Property

      Specialty property available for sale in The Bronx.
      2301 Bathgate Ave, Bronx, NY 10458
      View Details
    • $2,199,000
      16,500 SF

      Bronx Multifamily Building Near Arthur Avenue

      21-unit multifamily building near Arthur Avenue with income potential.
      560 E 189Th St, Bronx, NY 10458
      View Details
    • $1,000,000
      Pending

      Bronx Triplex Near Grand Concourse

      Three-family property near Grand Concourse with investment potential.
      285 E 203Rd St, Bronx, NY 10458
      View Details
    • $1,500,000

      Residential Development Site in Bronx

      Residential development site near shopping and transportation in the Bronx.
      2710 Decatur Ave, Bronx, NY 10458
      View Details

    Similar Nearby for Lease

    • Contact for pricing
      39,705 SF

      Bronx Mixed-Use Development Space

      Multi-level retail space in the heart of the Bronx.
      400-402 E Fordham Rd, Bronx, NY 10458
      View Details
    • $45 SF/Yr
      40,000 SF

      East Fordham Road Office Building

      40,000 SF Office Space - Bronx, NY
      696 Fordham Rd, The Bronx, NY 10458
      View Details
    • $4,200 /Mo
      1,000 SF

      Retail/Office Space in Little Italy

      Versatile space in the heart of Bronx's Little Italy.
      2506 Hughes Ave, Bronx, NY 10458
      View Details
    • Contact for pricing
      27,000 SF

      Turnkey Radiology Lab for Rent

      Fully equipped radiology lab available for rent in Bronx.
      420 East 189Th St, Bronx, NY 10458
      View Details
    • Contact for pricing
      34,906 SF

      Office Space in Bronx Plaza

      34,906 square feet of office space available for rent.
      1 Fordham Plz, Bronx, NY 10458
      View Details
    • Contact for pricing
      60,000 SF

      Grand Concourse Executive Office Space

      Iconic Bronx Office Building - 60,000 SF Available
      2530 Grand Concourse The, The Bronx, NY 10458
      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.
    689 187th St
    Bronx, NY 10458-6814
    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.
    Create New Password
    • At least 8 characters
    • Contains both letters and numbers
    • Contains uppercase and lowercase letters
    • At most 32 characters
    • Password required
    • Password reset link has expired. Please request a new one.