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Property profile & analytics
OFF-MARKET
Estimated value
$4,575,000
Retail residential properties
12 196th St Bronx, NY 10468-3570
Entity Owned
7-yr Hold
~
Est. High Equity
Property ID
US63-5559712
Property profile
Verified
Property type
Retail residential properties
Use group
STORES & APARTMENTS
Year built
1925
Total area
27,000 SF
Lot
0.14 ac (6,000 SF)
Zoning code
R8
APN
03317-0034
UPID
US63-5559712
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
-
Iglesia Cristiana Restauracion Verdad y Vida Inc. Church
-
MAS Tailor & Cleaner (Bike/Boat/Book/etc) Store
-
Chanels beauty room Cosmetic Store
-
12 E 196 St Food Inc Grocery & Convenience Store Food Market
-
Little Steps Day Care RW Daycare Center
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$4.58M
Owner & transaction history
12 East 196 LLC · 7 yrs held
12 East 196 LLC
since 2018
7 recorded transactions
Zoning & alternative use
R8 · 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
$169 / 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
$113,956
Tax year 2024
Assessed value
$911,506
Assessed 2024
Previous assessed
$841,116
+8.4% YoY
Effective rate
12.50%
On assessed value
Assessed land
$67,500
Assessed improvement
$844,006
Land market value
$150,000
Improvement market value
$2,311,000
Total market value
$2,461,000
Applied tax rate
2.0000
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 residential properties
Use group
STORES & APARTMENTS
Status
Off-Market
Year built
1925
Heating
NONE
Buildings
1
Stories
5
Units
37
Total area
27,000 SF
Lot
0.14 ac (6,000 SF)
Zoning code
R8
APN
03317-0034
UPID
US63-5559712
Jurisdiction
BRONX
Metro division
NEW YORK-WHITE PLAINS-WAYNE, NY-NJ METROPOLITAN DIVISION
Zoning & alternative use
R8 · Bronx, NY
Zoning R8 · permitted uses
R8 · 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
1925
Heating
NONE
Stories
5
Buildings
1
Units
37
Lot
0.14 ac
Current owner
From public records · entity-resolved
12 East 196 LLC
Entity
Mailing address
1274 49TH ST #564, BROOKLYN, NY 11219-3011
Ownership since
2018
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
13 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Oct 20, 2023
—
12 East 196 LLC
—
Deed
related
$265,838 · Greystone Servicing Company LLC
Oct 11, 2018
$6,450,000
12 East 196 LLC
E 196 Dk LLC
Deed
$726,084 · New York Community Bank
Oct 11, 2018
—
E 196 Dk LLC
E 196 LLC
Quit Claim Deed
$4,700,000 · New York Com'l Bk
Aug 28, 2017
—
E 196 LLC
—
Loan Modification, Consolidation And Extension
related
$4,050,000 · Peapack Gladstone Bk
May 28, 2015
$4,000,000
E 196 LLC
12 East 196th Street Holding LLC
Deed
$1,280,306 · Peapack-gladstone Bank
Mar 30, 2006
$2,310,000
12 East 196th Street Holding LLC
C M G Management INC
Deed
$1,270,000 · Citibank, N.a.
Mar 6, 2006
—
Cmg Management INC
—
Trustees Deed
related
$650,000 · Broadway Services LLC
—
—
E 196 LLC
—
Loan Modification, Consolidation And Extension
related
$3,375,000 · Peapack Gladstone Bk
—
—
12 East 196th St Holding LLC
—
Deed Of Trust
related
$88,608 · New York Community Bank
—
—
12 East 196th St Holding LLC
—
Deed Of Trust
related
$2,200,000 · New York Community Bank
—
—
New York Cmnty Bk
—
Deed Of Trust
related
$1,950,000 · 12 East 196th St Holding LLC
—
—
East 196th Street Holding 12
—
Deed Of Trust
related
$265,189 · New York Community Bank
—
—
12 East 196 LLC
—
Loan Modification
related
$4,700,000 · New York Com'l Bk
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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