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Property profile & analytics
OFF-MARKET
Estimated value
$10,080,000
Office buildings
109 Burnside Ave, Bronx, NY 10453-4142
Entity Owned
4-yr Hold
~
Est. High Equity
Property ID
US63-4427779
Property profile
Verified
Property type
Office buildings
Use group
OFFICE BUILDING (MULTI-STORY)
Year built
1930
Total area
17,918 SF
Lot
0.19 ac (8,100 SF)
Zoning code
C44D
APN
03169-0066
UPID
US63-4427779
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
-
Contento Deli Grocery Food Market Restaurant
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$10.36M
CAP Approach
CAP
$7.23M
Comparable Approach
Comparable
$10.28M
Blend (final)
Blend
$10.08M
Owner & transaction history
101 East Burnside LLC · 4 yrs held
101 East Burnside LLC
since 2022
Last sale
$9.9M
7 recorded transactions
Zoning & alternative use
C44D · Bronx, NY
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Auto repair, garage
$13.0M
+99.6%
Retail stores
$10.6M
+62.8%
Warehouse, storage
$6.9M
+6.3%
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
$10,055,000
ML approach
$10,360,000
CAP Approach
CAP Return
Estimation
6%
$7,825,000
6.5%
$7,225,000
7%
$6,710,000
Alternative Use
Use
Estimation
OFFICE BUILDING
$6,535,000
Current use
AUTO REPAIR, GARAGE
$13,045,000
Change: +100% · Conversion: Difficult
RETAIL STORES
$10,640,000
Change: +63% · Conversion: Moderate
WAREHOUSE, STORAGE
$6,945,000
Change: +6% · Conversion: Difficult
INDUSTRIAL (GENERAL)
$6,660,000
Change: +2% · Conversion: Difficult
Blend value · Realmo final
$10.08M
Range $9.07M – $11.09M · ±10% · vs last sale $9.85M (Jun 1 2022)
Last sale anchor
$9.85M
Jun 1 2022
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
$563 / 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
$52,617
Tax year 2024
Assessed value
$1,983,556
Assessed 2024
Previous assessed
$2,001,076
-0.9% YoY
Effective rate
2.65%
On assessed value
Assessed land
$75,736
Assessed improvement
$1,907,820
Land market value
$168,000
Improvement market value
$4,400,000
Total market value
$4,568,000
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
Office buildings
Use group
OFFICE BUILDING (MULTI-STORY)
Status
Off-Market
Year built
1930
Heating
NONE
Buildings
1
Stories
3
Units
8
Total area
17,918 SF
Lot
0.19 ac (8,100 SF)
Zoning code
C44D
APN
03169-0066
UPID
US63-4427779
Jurisdiction
BRONX
Metro division
NEW YORK-WHITE PLAINS-WAYNE, NY-NJ METROPOLITAN DIVISION
Zoning & alternative use
C44D · Bronx, NY
Zoning C44D · permitted uses
C44D · 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
OFFICE BUILDING Current
Est. value
$6.5M
AUTO REPAIR, GARAGE
Est. value
$13.0M
RETAIL STORES
Est. value
$10.6M
WAREHOUSE, STORAGE
Est. value
$6.9M
INDUSTRIAL (GENERAL)
Est. value
$6.7M
OFFICE BUILDING Current
AUTO REPAIR, GARAGE
RETAIL STORES
WAREHOUSE, STORAGE
INDUSTRIAL (GENERAL)
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
1930
Heating
NONE
Stories
3
Buildings
1
Units
8
Lot
0.19 ac
Current owner
From public records · entity-resolved
101 East Burnside LLC
Entity
Mailing address
1045 E 7TH ST, BROOKLYN, NY 11230-3501
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
12 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jun 1, 2022
$9,850,000
101 East Burnside LLC
Eib Burnside LLC
Deed
$5,500,000 · Manufacturers And Traders Trust Com
Jun 1, 2022
—
Eib Burnside LLC
Eib Burnside LLC
Deed
related
$1,400,000 · Signature Bank
Jan 2, 2019
—
Eib Westchester I LLC
—
Grant Deed
related
$2,041,401 · Manufacturers & Traders Tr
Jul 5, 2016
—
Eib Westchester I LLC
—
Deed
related
$32,370,000 · Oritani Fin
Jan 8, 2014
$10,000,000
Eib Burnside LLC
101 E Burnside Partners LLC
Grant Deed
—
Dec 31, 2008
—
101 E Burnside Partners LLC
1551 Pitkin Partners LLC
Grant Deed
related
$5,400,000 · Signature Bank
Nov 29, 2004
$1,750,000
1551 Pitkin Partners LLC
Kovack Estates INC
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
—
—
Eib Westchester I LLC
—
Loan Modification
related
$32,370,000 · Oritani Fin
—
—
Eib Westchester I LLC
—
Loan Modification
related
$28,405,000 · Oritani Fin
—
—
Kovack Estates INC
—
Deed Of Trust
related
$1,100,000 · Country 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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