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Property profile & analytics
OFF-MARKET
Estimated value
$1,040,000
Assisted living facilities
1000 Pelham S Pkwy, Bronx, NY 10461-1003
Entity Owned
11-yr Hold
~
Est. High Equity
Property ID
US63-2089393
Property profile
Verified
Property type
Assisted living facilities
Use group
HOMES (RETIRED, NURSING)
Year built
1974
Total area
72,730 SF
Lot
0.82 ac (35,750 SF)
Zoning code
R6
APN
04329-0001
UPID
US63-2089393
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Current use
Occupant on record · Public records
-
Cassena Kidney Care at Morningside Medical Clinic
-
Singh Ashuwinder Employment Agency
-
Morningside Nursing and Rehabilitation Center Nursing Home
-
Tampone Elizabeth J DDS Dental Office
-
Dr. Michael R. Irwin, MD Physician
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$855k
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$1.22M
Blend (final)
Blend
$1.04M
Owner & transaction history
Morningside Acquisition II LLC · 11 yrs held
Morningside Acquisition II LLC
since 2014
7 recorded transactions
Zoning & alternative use
R6 · Bronx, NY
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Cap rate
Implied · in-place · derived from last sale + estimated NOI
Implied Cap rate
#1
Implied · in-place · NOI ÷ last sale
In-place · derived from last sale + estimated NOI
Cap rate, NOI & submarket benchmark
Implied cap rate vs Bronx submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Bronx submarket · NOI estimate · typical band, median & reading
Refine your cap rate
8-question underwriting flow
1.
Property current status — Going-In vs Stabilized
2.
Price for denominator — asking / offer / market
3.
Leasing status & lease structure (NNN / Gross)
4.
Tenant risk profile & vacancy assumption
5.
Upload T12 / rent roll / OM (optional)
Refine in 60 seconds, get exact suggested price
T12 upload · Submarket benchmarks · Sensitivity grid
Suggested price · 3 cap rate anchors
Income approach @ 5% / 7% / 9% — aggressive / typical / conservative
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · Implied $/SF per anchor · Sensitivity grid
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · implied $/SF · sensitivity
Value
AI, CAP & Alternative Use estimations · Realmo proprietary blendValue Estimations
Based on Realmo’s proprietary methodology
AI Approach
Method
Estimation
Statistic approach
by Request
ML approach
$855,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
HOMES (RETIRED, HANDICAP, REST, CONVALESCENT, NURSING)
$735,000
Current use
Blend value · Realmo final
$1.04M
Range $936k – $1.14M · ±10%
Realmo estimate · informational only.
These numbers are calculated by our models from public records and may not reflect actual market value.
Not an appraisal.
Verify with a licensed appraiser before transacting. Realmo accepts no liability for divergence from real-world outcomes.
View the full estimation — every method, every assumption
Confidence drivers & risk notes · Custom comparable set · Free for first 3 / day
Full estimation methodology
Every method · every assumption · confidence drivers
Price per SF
Sale + rent benchmarks
Subject property
$14 / SF
Submarket sale & rent benchmarks
Median sale $/SF · Asking & closed rent · Submarket vacancy
Submarket sale & rent benchmarks
Median sale $/SF · asking & closed rent · submarket vacancy
Property tax & assessments
Tax year 2024Property tax & assessments
Tax year 2024
Tax billed
$1,078,012
Tax year 2024
Assessed value
$10,177,603
Assessed 2024
Previous assessed
$9,830,280
+3.5% YoY
Effective rate
10.59%
On assessed value
Assessed land
$499,500
Assessed improvement
$9,678,103
Land market value
$1,110,000
Improvement market value
$24,650,000
Total market value
$25,760,000
Applied tax rate
4.0000
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
Recent comparable sales
Sale price & $/SF · sale date & distance · adjustments
Property description
Physical attributes from public recordsBuilding & lot
Public records
Property type
Assisted living facilities
Use group
HOMES (RETIRED, NURSING)
Status
Off-Market
Year built
1974
Heating
NONE
Buildings
2
Stories
5
Units
1
Total area
72,730 SF
Lot
0.82 ac (35,750 SF)
Zoning code
R6
APN
04329-0001
UPID
US63-2089393
Jurisdiction
BRONX
Metro division
NEW YORK-WHITE PLAINS-WAYNE, NY-NJ METROPOLITAN DIVISION
Zoning & alternative use
R6 · Bronx, NY
Zoning R6 · permitted uses
R6 · Bronx, NY
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Bronx. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
HOMES (RETIRED, HANDICAP, REST, CONVALESCENT, NURSING) Current
Est. value
$735,000
HOMES (RETIRED, HANDICAP, REST, CONVALESCENT, NURSING) Current
Alternative use deep dive — conversion cost, permits, timeline
Conversion cost estimate · Permit path & risks · Stabilized NOI per option
Alternative use deep dive
Conversion cost · permit path · stabilized NOI per option
Building & site characteristics
From public records
Year built
1974
Heating
NONE
Stories
5
Buildings
2
Units
1
Lot
0.82 ac
Current owner
From public records · entity-resolved
Morningside Acquisition II LLC
Entity
Mailing address
225 CROSSWAYS PARK DR, WOODBURY, NY 11797-2083
Ownership since
2014
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
7 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jul 7, 2016
—
Morningside Acquisition II LLC
—
Deed
related
$6,873,100 · Capital Funding LLC
Jul 30, 2014
—
Morningside Acquisition II LLC
—
Deed Of Trust
$1,500,000 · Bank Of America
Jul 30, 2014
$36,500,000
Morningside Acquisition II LLC
Morningside Hse Nursing Hm Co
Trustees Deed
related
$20,000,000 · Bank Of America/ga NA
—
—
Morningside Hse Nursing Hm Co
—
Deed Of Trust
related
$1,850,000 · Hudson Valley Bank
—
—
New York State Hsng Fin Agcy
—
Deed Of Trust
related
—
—
—
Morningside Acquisition II LLC
—
Loan Modification, Consolidation And Extension
related
$43,373,100 · Capital Fndg
—
—
Morningside Hse Nursing Hm Co
—
Deed Of Trust
related
$1,000,000 · Hudson Valley Bank
Coming soon
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Coming soon
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.
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