189 231St StThe Bronx, NY 10463

Property Details for 189 231St St

Year built

1939

Lot size

0.21 AC

Property size (Sq ft)

7,980 SF

Zone code

R6

Property type

Mixed-use properties

Property subtype

Retail residential properties

APN

03267-0079

APU

32670079

Description

This exceptional retail property, located at 189-193 West 231st Street in the Bronx, New York (zip code 10463), presents a unique investment opportunity. The single-tenant building boasts a generous 1,600 square feet of vacant space, ready for immediate occupancy. Situated on a substantial 79-acre lot, this property offers significant potential for expansion or future development. The building's zoning is designated R6, C1-3, providing flexibility for a variety of commercial uses. The property's convenient location, off Broadway Avenue and at the foot of the train, ensures high visibility and accessibility for customers. The property features one building and is identified by APN 3267-79 in Bronx County. With its ample space and strategic location, this property is ideal for a wide range of retail businesses seeking a prominent presence in a thriving community. The entire 1,600 square feet is currently vacant, presenting a blank canvas for a new tenant to customize the space to their specific needs. This is a rare opportunity to acquire a substantial retail property in a desirable Bronx location. Serious inquiries are encouraged.

• CAP approach

  CAP return

  Valuation

  6%

  $1,635,972

  6.5%

  $1,510,128

  7%

  $1,402,262

• Comparable approach

  Method

  Valuation

  Relative Method

  $1,616,134

  Geo Method

  $1,616,134

• Alternative Use

  Use

  Valuation

  Residential

  $1,510,128

  Hospitality

  $1,383,269

  Educational

  $1,150,864

  Medical

  $1,190,444

  Retail

  $1,790,232

Location Insight

City

Bronx

County

Bronx

State

New York

Latitude

40.879

Longitude

-73.9041

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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