536 168Th StThe Bronx, NY 10456

Property Details for 536 168Th St

Year built

1917

Lot size

0.13 AC

Property size (Sq ft)

24,174 SF

Zone code

R6

Property type

Mixed-use properties

Property subtype

Retail residential properties

APN

02609-0028

APU

26090028

Description

This exceptional 350-square-foot commercial property is ideally situated at 536 E 168th Street in the vibrant Morrisania neighborhood of the Bronx, New York. The property is zoned for retail and office use, offering a versatile space for a variety of businesses. Its single-tenant occupancy provides a streamlined and efficient operational environment. The location boasts excellent accessibility, positioned between Third Avenue and Fulton Avenue, with convenient proximity to the Freeman subway station (5 and 2 trains). Public transportation options are abundant, including the Bx15, Bx21, Bx35, and Bx41 bus lines. This ensures easy commutes for employees and customers alike. The area is characterized by a strong mix of established businesses, creating a thriving commercial environment. Nearby businesses include Retro Fitness, BronxCare Special Care Center, FDNY Engine 50, Ladder 19, Battalion 26, Food Universe Marketplace, Relis & Roth Paper & Twine Co, 509 Pizzeria, Salcedo Mini Market, Normandy Repairs, Inc., and Frank Auto Group Inc., among others. This prime location offers significant potential for growth and success. The property's address is 536 E 168th St, Bronx, NY 10456.

• CAP approach

  CAP return

  Valuation

  6%

  $4,955,888

  6.5%

  $4,574,666

  7%

  $4,247,904

• Comparable approach

  Method

  Valuation

  Relative Method

  $4,895,791

  Geo Method

  $4,895,791

• Alternative Use

  Use

  Valuation

  Residential

  $4,574,666

  Hospitality

  $4,190,370

  Educational

  $3,486,338

  Medical

  $3,606,239

  Retail

  $5,423,193

Location Insight

City

Bronx

County

Bronx

State

New York

Latitude

40.8306

Longitude

-73.9053

CBSA code

35620

CBSA name

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

Property Tax & Assessments

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