Back to Search
Property profile & analytics
OFF-MARKET
Retail space
1049 Westchester Ave Bronx, NY 10459-2416
Entity Owned
4-yr Hold
~
Est. High Equity
Property ID
US63-6173166
Property profile
Verified
Property type
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Year built
1909
Total area
12,895 SF
Lot
0.3 ac (13,150 SF)
Zoning code
R7-1
APN
02727-0001
UPID
US63-6173166
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
-
Gem Pawnbrokers Discount Store (Bike/Boat/Book/etc) Store
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
by Request
Owner & transaction history
1031 Westchester Ave LLC · 4 yrs held
1031 Westchester Ave LLC
since 2022
Last sale
$22.8M
7 recorded transactions
Zoning & alternative use
R7-1 · 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
CAP Approach
Comparable Approach
Alternative Use
Get a detailed, property-specific estimation — fast and free
Price per SF
Sale + rent benchmarks
Subject property
—
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
$331,362
Tax year 2024
Assessed value
$3,128,420
Assessed 2024
Previous assessed
$3,082,790
+1.5% YoY
Effective rate
10.59%
On assessed value
Assessed land
$391,500
Assessed improvement
$2,736,920
Land market value
$870,000
Improvement market value
$6,457,000
Total market value
$7,327,000
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
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Status
Off-Market
Year built
1909
Heating
NONE
Buildings
1
Stories
1
Units
5
Total area
12,895 SF
Lot
0.3 ac (13,150 SF)
Zoning code
R7-1
APN
02727-0001
UPID
US63-6173166
Jurisdiction
BRONX
Metro division
NEW YORK-WHITE PLAINS-WAYNE, NY-NJ METROPOLITAN DIVISION
Zoning & alternative use
R7-1 · Bronx, NY
Zoning R7-1 · permitted uses
R7-1 · 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.
Building & site characteristics
From public records
Year built
1909
Heating
NONE
Stories
1
Buildings
1
Units
5
Lot
0.3 ac
Current owner
From public records · entity-resolved
1031 Westchester Ave LLC
Entity
Mailing address
1031 WESTCHESTER AVE #1049, BRONX, NY 10459-2416
Ownership since
2022
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
14 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jul 21, 2022
$22,750,000
1031 Westchester Ave LLC
Eib Westchester I LLC
Deed
$3,119,076 · Flushing Bank
Jan 2, 2019
—
Eib Westchester I LLC
—
Grant Deed
related
$28,000,000 · Manufacturers & Traders Tr
Jul 5, 2016
—
Eib Westchester I LLC
—
Deed
related
$28,405,000 · Oritani Fin
Jan 8, 2014
$21,200,000
Eib Westchester I LLC
Simpson West Realty LLC
Grant Deed
—
May 9, 2005
$10,500,000
Simpson West Realty LLC
Cohmal Realty LLC
Grant Deed
—
—
—
Eib Westchester I LLC
—
Deed Of Trust
related
$6,926,832 · Oritani Fin
—
—
Eib Burnside LLC
—
Loan Modification
related
$32,370,000 · Oritani Fin
—
—
Simpson West Realty LLC
—
Deed Of Trust
related
—
—
—
Simpson West Realty LLC
—
Deed Of Trust
related
$7,356,885 · New York Community Bank
—
—
Simpson West Rlty LLC
—
Deed Of Trust
related
$12,261,476 · New York Community Bank
—
—
Simpson West Rlty LLC
—
Deed Of Trust
related
$11,900,000 · Signature Bank
—
—
Eib Westchester I LLC
—
Loan Modification
related
$32,370,000 · Oritani Fin
—
—
Eib Westchester I LLC
—
Loan Modification
related
$28,405,000 · Oritani Fin
—
—
Simpson West Realty LLC
—
Deed Of Trust
related
$13,320,000 · New York Community 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.
Try Rey
Ask anything about this address in plain English.
“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
You own 1049 Westchester Ave?
List it free. Reach 20,000 daily buyers.
We’ve already pulled the facts. Confirm photos + price and you’re live in 2 minutes.
List this address →
Full reports are paid
Unlock the full Property Analytics report
Start free for 7 days — no card required. Full owner contacts, all 4 valuations with methodology, refine flow, comparable adjustments, foot-traffic deep dive, export to PDF / CSV.
