548 183Rd StThe Bronx, NY 10458

Property Details for 548 183Rd St

Year built

1912

Lot size

0.13 AC

Property size (Sq ft)

24,094 SF

Zone code

C44D

Property type

Retail residential properties

APN

03051-0031

APU

30510031

Description

This exceptional 900-square-foot retail space, ideally suited for a restaurant or cafe, is located at 548 East 183rd Street in the Belmont neighborhood of the Bronx, New York. The property boasts a built-out cafe configuration, saving the new tenant significant time and expense on build-out. Its strategic location directly across from St. Barnabas Hospital ensures a consistent flow of foot traffic from hospital staff, patients, and visitors. Furthermore, its proximity to Little Italy, within a few blocks, provides access to a vibrant and densely populated residential area. The property benefits from excellent public transportation access, with the B and D subway lines at the 182nd-183rd Street station just a short distance away, as well as the BX15 bus line. This ensures easy accessibility for both employees and customers. The area is also home to a thriving mix of established businesses, including Zero Otto Nove, Enzo's, San Gennaro, Roberto's, Rite Aid, CTown Supermarkets, Artuso Pastry Shop, Dollar Tree, Clinton Hall, Prince Coffee House, and Gong Cha, creating a strong and supportive commercial environment. This turnkey opportunity presents a rare chance to establish a successful business in a high-demand location with excellent visibility and convenient access to public transportation. The property is a single-tenant space within Bronx County, NY, zip code 10458.

• CAP approach

  CAP return

  Valuation

  6%

  $4,541,570

  6.5%

  $4,192,220

  7%

  $3,892,770

• Comparable approach

  Method

  Valuation

  Relative Method

  $3,211,080

  Geo Method

  $3,211,080

• Alternative Use

  Use

  Valuation

  Industrial / Distribution

  $8,204,480

  Retail / Commercial

  $4,207,210

  Hospitality / Lodging

  $3,075,690

  Office

  $4,167,310

  Institutional / Educational

  $4,358,210

  Residential Income

  $5,099,110

  Multifamily

  $6,115,600

  Automotive / Energy

  $3,735,610

  Parking / Income-Based Land

  $1,289,110

  Restaurant / Food Service

  $2,180,400

  Healthcare / Senior Housing

  $4,299,040

Location Insight

City

Bronx

County

Bronx

State

New York

Latitude

40.8541

Longitude

-73.8912

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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