867 Longwood Ave The Bronx, NY 10459
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For Sale
$25,000,000
867 Longwood Ave,Unit The, Bronx, NY 10459
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Estimated value (blended)
$4.70M
Range $4.23M – $5.16M (±10%)
Property ID
US63-0098116
Property summary
AI-generated overview
The property at 867 Longwood Avenue in the Bronx, New York consists of a commercial building totaling approximately 77,000 square feet of space on a 28,500 square foot lot. The site is zoned R7-1 and C4-1, with provisions that permit additional development, including construction of an additional multi-story retail building as of right, and allowance for residential development. An indoor on-site parking garage provides approximately 75 parking spaces. The building is located at the three-way intersection of Prospect Avenue, Westchester Avenue, and Longwood Avenue.
Property profile
Verified
Property type
Other investment properties
Use group
STORE/OFFICE (MIXED USE)
Year built
2007
Total area
26,075 SF
Lot
0.23 ac (10,000 SF)
Zoning code
R7-1
APN
02689-0047
UPID
US63-0098116
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Current use
Occupant on record · Public records
-
Discount Store Discount Supermarket
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$4.70M
Owner & transaction history
since 2025
7 recorded transactions
Zoning & alternative use
R7-1 · Bronx, NY
Comparables
6 recent transactions · within 1.5 miComparable in this city
6 recent transactions
Comparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
Value estimation
Instant AI valuation built from comps, income signals, and proprietary benchmarks. A defensible range, not a single guess.
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Unlock the complete Valuation workflow
Full NOI reconstruction, selected comps, alternative-use scenarios, data audit and PDF export.
Full NOI build-up · 6 steps
All 15 comparables with addresses
Sensitivity value band
Source audit · 10 inputs
PDF export
Analytics Standard · 5 reports
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Summary
1
Valuation conclusion
Included free
Estimated market value
$4.70M
Value range
$4.23M – $5.16M
±10% around blend
Estimated value / SF
$180 / SF
Confidence
High
15 county-verified comps
Property data
88
Market benchmarks
100
Comparable evidence
100
Income certainty
100
$4.23M
blend $4.70M
$5.16M
Market-derived valuation under stabilized market assumptions. Desktop analysis. No physical inspection performed.
2
Subject property
Included free
GBA
26,075 SF
Lot area
0.23 ac
Year built
2007
Stories
2
APN
02689-0047
Assessed value
$1,731,150
Annual tax
$100,905
3
Income approach: direct capitalization
Partial preview
Estimated Stabilized NOI, derived from market rent, vacancy and expense benchmarks. Actual property income not reported.
Estimated market rent / SF
Potential gross income
Vacancy allowance
Effective gross income
Benchmark operating expenses
Stabilized NOI
Property tax
$100,905
Selected cap rate
4
Sales comparison
Partial preview
Sales approach indication
$5.78M
Weighted, 15 comps · high confidence
Evidence
15 found · 6 selected
County-verified recorded sales
Comparable
Sale dateSale price$ / SF
2.4 mi away · 29,607 SF
2.6 mi away · 21,325 SF
3.4 mi away · 24,710 SF
5.0 mi away · 20,899 SF
5.3 mi away · 24,096 SF
5
Sensitivity & risk
Partial preview
Downside
−10%
Base
$4.70M
Upside
+10%
Bounds of the ±10% band vs the blend — never simulated scenarios.
6
Current market position
Included free
Benchmark
Observed band ($/SF)AverageSubject delta
ZIP 36 sales
$193
-7%
Submarket 588 sales
$237
-24%
County 588 sales
$237
-24%
Band = middle half (Q1–Q3) of recorded sale $/SF for this use type per geography; the diamond marks the subject at $180/SF. Delta below average reads as headroom. Source: Realmo CRE sales derivatives (county records).
7
Data & methodology
Included free
Building area
County record
Property tax
County record
Assessed value
County record
Zoning designation
Not available
Operating expenses
Modeled
Market rent
Market benchmark
Actual rent roll
Not available
Tenant leases
Not available
Physical condition
Not inspected
Conversion costs
Not available
Not analyzed due to unavailable source data: tenant leases, physical condition and capital
requirements were not available for this desktop analysis. Cost Approach excluded due to
availability of income evidence.
Automated valuation analysis, not a licensed appraisal. Figures are derived from public
records and proprietary models. Desktop analysis: no physical inspection, tenant leases or reported
property income. Verify with a licensed appraiser before transacting.
Cap rate
Cap rate calculated from real income and expense signals, benchmarked against sales of similar assets nearby.
17% off on annual
Unlock the complete Cap Rate workflow
Full market tables, editable assumptions, comparable evidence, saved work and exports.
9-scenario matrix
Comparable evidence · 15 sales
NOI build-up · 9 steps
Market rates by use type
PDF export
Analytics Standard · 5 reports
from $99/month
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Overview
Selected market yield
7.09%
Selected cap rate for this other investment properties
Derived from the Bronx market rent, vacancy and expense benchmarks for this use type.
Lower yield / higher price
Higher yield / lower price
5.0%
This property · 7.09%
9.0%
NOI (est.)
$1.77M *
* derived from a real price signal at a 7% cap
Price sensitivity
The rate is the decision lever; valuation is the consequence.
Test a cap rate
Implied value$24.98M
Move the market yield to see immediate price impact.
Value / SF
$958
Vs. selected
Base
Derivation
NOI ÷ cap
Arithmetic over the derived NOI * — not market scenario modeling.
NOI × cap matrix
Preview
Preview of 9 modeled outcomes.
NOI
6.59%7.09%7.59%
$1.59M
$24.19M
$22.48M
$21.00M
$1.77M
$26.88M
$24.98M
$23.34M
$1.95M
$29.57M
$27.48M
$25.67M
NOI sensitivity ±10% across the selected-rate band (±0.5 pp) — derivation of the NOI above.
Comparable evidence
Partial preview
Recorded sales nearby
15 found
High confidence · county-verified
Closest comparable
$74k
2.3 mi · Feb 2026 · $3/SF
Property tax & assessments
Tax year 2024Property tax & assessments
Tax year 2024
Tax billed
$100,905
Tax year 2024
Assessed value
$1,731,150
Assessed 2024
Previous assessed
$1,720,080
+0.6% YoY
Effective rate
5.83%
On assessed value
Assessed land
$112,500
Assessed improvement
$1,618,650
Land market value
$250,000
Improvement market value
$3,789,000
Total market value
$4,039,000
Applied tax rate
4.0000
Automated cap rate analysis. Based on public records, market benchmarks and proprietary
models. Verify with a licensed professional before transacting.
Property description
Physical attributes from public recordsBuilding & lot
Public records
Property type
Other investment properties
Use group
STORE/OFFICE (MIXED USE)
Status
For Sale
Year built
2007
Heating
NONE
Buildings
1
Stories
2
Units
3
Total area
26,075 SF
Lot
0.23 ac (10,000 SF)
Zoning code
R7-1
APN
02689-0047
UPID
US63-0098116
Jurisdiction
BRONX
Metro division
NEW YORK-WHITE PLAINS-WAYNE, NY-NJ METROPOLITAN DIVISION
Zoning & alternative use
R7-1 · Bronx, NYZoning R7-1 · permitted uses
R7-1 · Bronx, NY
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Alternative use value scenarios
Repositioning upside vs current use
Alternative use deep dive — conversion cost, permits, timeline
Conversion cost estimate · Permit path & risks · Stabilized NOI per option
Building & site characteristics
From public records
Year built
2007
Heating
NONE
Stories
2
Buildings
1
Units
3
Lot
0.23 ac
Zoning
The recorded zoning designation, what the district officially allows, and the municipal source it comes from.
Zoning designation
County-recorded code
R7-1
Jurisdiction
Bronx, NY
Recorded code
R7-1
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