368 148Th StBronx, NY 10455

Property Details for 368 148Th St

Year built

1931

Lot size

0.07 AC

Property size (Sq ft)

18,500 SF

Zone code

R6

Property type

Office buildings

APN

02327-0020

APU

23270020

Description

This exceptional seven-story medical office building, located at 368 E 148th St in the Bronx, NY (zip code 10455), presents a unique investment opportunity. The building offers substantial floor plates of 2700 square feet each, making it ideally suited for a single large tenant or a multi-tenant configuration. Its flexible zoning allows for a variety of uses, including medical practices, non-profit organizations, educational institutions, or traditional office spaces. The building also includes a full basement, adding to its overall functionality and potential. The property is situated in Bronx County, New York, offering convenient access to major transportation routes and a diverse population base. Given its size and versatility, this building is an excellent choice for businesses seeking a prominent presence in a thriving community. The seller is highly motivated, and reasonable offers will be considered. This is a rare opportunity to acquire a substantial and well-located commercial property in the Bronx. The building's prime location and flexible zoning make it a highly attractive investment prospect. Serious inquiries are encouraged.

• CAP approach

  CAP return

  Valuation

  6%

  $3,058,602

  6.5%

  $2,823,326

  7%

  $2,621,659

• Comparable approach

  Method

  Valuation

  Relative Method

  $2,417,210

  Geo Method

  $2,417,210

• Alternative Use

  Use

  Valuation

  Residential

  $3,500,924

  Hospitality

  $3,206,827

  Educational

  $2,668,042

  Medical

  $2,759,801

  Retail

  $4,150,288

Location Insight

City

Bronx

County

Bronx

State

New York

Latitude

40.8155

Longitude

-73.9194

CBSA code

35620

CBSA name

NEW YORK-NORTHERN NEW JERSEY-LONG ISLAND, NY-NJ-PA METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

FAQs

How do I add a non-forward facing team member such as a broker coordinator or broker aide to a listing in order to ensure they get notifications on the property?

Please email our support team at [email protected] and they will add the team member.

How do I access a private listing?

Please contact the broker directly with the information provided on the listing. Once the broker approves your credentials he will make the information public to you.

How can I contact the broker?

We strongly encourage to message the broker through our portal by clicking on the “Envelope” icon next to the brokers photo on the property page. We’ve found brokers response time is much quicker via our messaging portal than phone as brokers are always on the go.

How do I unsubscribe from emails?

At the footer of each email you will find links to Reduce Email Frequency, Adjust Email Settings or Unsubscribe altogether. If you choose to Unsubscribe and are still receiving emails please reach out to us at [email protected].