Add Listing
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

    81 161st St, Unit 95 Bronx, NY 10451-2205

    • Office buildings
    • 6,858 SF
    • 0.06 lot acres
    OFF-MARKET
    Value Estimations
    $2,035,000
    Show details
    Cap Rate Potential
    Location Intelligence
    Property ID
    US63-1650906
    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

    • Metro by T-Mobile / Mobile Phone Store / Electronics & Wireless Store
    • Metro Wireless Stadium / Mobile Phone Store / Electronics & Wireless Store
    • Sammy’s fashions / Clothing & Fashion Store / (Bike/Boat/Book/etc) Store
    • Sammy's Fashion / Men'S Clothing Store / Shoe Store

    Property Details for 81 161st St

    Year built
    1940
    Lot size
    0.06 lot acres
    Property size
    6,858 SF
    Zone code
    R8
    Property type
    Office buildings
    APN
    02476-0056
    APU
    24760056

    Value Estimations

    based on Realmo’s proprietary methodology

    • CAP approach

      CAP Return
      Estimation
      6%
      $3,055,000
      6.5%
      $2,820,000
      7%
      $2,615,000

    • Alternative Use

      Use
      Estimation
      OFFICE BUILDING
      $2,500,000
      Current use
      WAREHOUSE, STORAGE
      $2,660,000
      Change: +6% Conversion: Difficult
      INDUSTRIAL (GENERAL)
      $2,550,000
      Change: +2% Conversion: Difficult

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

    Location Insight

    • Map
    • Local Demand
    City
    Bronx
    County
    Bronx
    State
    New York
    Longitude
    -73.9245
    Latitude
    40.8277
    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
    $103,978
    $405,000
    $576,670
    $981,670
    -
    $900,000
    $1,512,000
    $2,412,000

    Comparable in this City

    • Value Estimation by Request
      154,380 SF

      2417 3rd Ave, Unit 2433

      OFFICE BUILDING (MULTI-STORY) • 154,380 SF
      2417 3rd Ave, Bronx, NY 10451-6331
      View Details
    • Value Estimation by Request
      1,820 SF

      609 Walton Ave

      OFFICE BUILDING (MULTI-STORY) • 1,820 SF
      609 Walton Ave, Bronx, NY 10451-5235
      View Details
    • Value Estimation
      $15,525,000
      86,228 SF

      878 Brk Ave

      OFFICE BUILDING (MULTI-STORY) • 86,228 SF
      878 Brk Ave, Bronx, NY 10451
      View Details
    • Value Estimation
      $1,680,000
      8,300 SF

      2630 Park Ave

      OFFICE BUILDING (MULTI-STORY) • 8,300 SF
      2630 Park Ave, Bronx, NY 10451-6015
      View Details
    • Value Estimation
      $4,440,000
      17,800 SF

      903 Sheridan Ave

      OFFICE BUILDING (MULTI-STORY) • 17,800 SF
      903 Sheridan Ave, Bronx, NY 10451-3304
      View Details
    • Value Estimation
      $2,250,000
      10,900 SF

      522 Courtlandt Ave

      OFFICE BUILDING (MULTI-STORY) • 10,900 SF
      522 Courtlandt Ave, Bronx, NY 10451-5772
      View Details

    Similar Nearby for Sale

    • Contact for pricing
      4,760 SF

      Bronx Mixed-Use Investment Opportunity

      Fully renovated, high-traffic location, value-add potential.
      3208 3Rd Ave, Bronx, NY 10451
      View Details
    • New
      $165,000
      751 SF

      Commercial Co-op in Iconic Building

      751 sq ft professional space near Bronx Supreme Court.
      860 Grand Concourse, Bronx, NY 10451
      View Details
    • New
      $165,000
      751 SF

      Commercial Co-op in Art Deco Building

      751 sq ft professional space near Bronx Supreme Court.
      860 Grand Concourse, Bronx, NY 10451
      View Details
    • $199,000

      The Bronx Multifamily Property

      Multifamily property for sale in The Bronx, NY.
      800 Grand Concourse Ss The, Bronx, NY 10451
      View Details
    • $220,000

      Grand Concourse Apartment For Sale

      Apartment building available in The Bronx, New York.
      1020 The, Bronx, NY 10451
      View Details
    • $490,000

      Grand Concourse Apartment For Sale

      Apartment located at 1020 Grand Concourse, The Bronx, NY
      1020 The, Bronx, NY 10451
      View Details

    Similar Nearby for Lease

    • Contact for pricing
      2,170 SF

      Remodeled Office Building with Views

      Recently remodeled office building with expansive Manhattan views for rent.
      2417 3Rd Ave, Bronx, NY 10451
      View Details
    • $40 SF/Yr
      1,060 SF

      Grand Concourse Office Suites

      Bronx Office Space, 500-1060 sq ft
      1020 Grand Concourse The, The Bronx, NY 10451
      View Details
    • $82 SF/Yr
      800 SF

      Third Avenue Office Space Available

      Yorkville Office: 800-900 sq ft, Immediate Occupancy
      2nd Fl Office Spc On 3 Ave, New York, NY 10451
      View Details
    • Contact for pricing
      1,300 SF

      161st Street Retail Space Available

      Prime Retail Space, 1300 sq ft, Morris Ave
      279 161St St, The Bronx, NY 10451
      View Details
    • Contact for pricing
      2,001 SF

      Bronx Community Facility Space

      Community facility space for lease in new six-story development.
      359 E 157Th St, Bronx, NY 10451
      View Details
    • Contact for pricing
      27,651 SF

      Prime Bronx Medical Office Space

      Spacious Suites, Excellent Location
      301 Walton Ave, The Bronx, NY 10451
      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.
    81 161st St, Unit 95
    Bronx, NY 10451-2205
    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.
    Sign Up Successful!
    You now have access to more from Realmo!