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Property profile & analytics
OFF-MARKET
Estimated value
$4,050,000
Retail residential properties
1217 Stratford Ave, Bronx, NY 10472-2506
Entity Owned
1-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US63-6060598
Property profile
Verified
Property type
Retail residential properties
Use group
STORES & APARTMENTS
Year built
1991
Total area
8,500 SF
Lot
0.11 ac (5,000 SF)
Zoning code
C4-2
APN
03776-0071
UPID
US63-6060598
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
-
Bright Star Daycare Daycare Center
-
Healthplus Health Care Plus Home Health Care Service
-
Soundview Community In Action Social Service Agency Charitable Organization
-
Excellent Children Day Care LLC Daycare Center
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$4.05M
CAP Approach
CAP
$2.62M
Comparable Approach
Comparable
$2.93M
Blend (final)
Blend
$4.05M
Owner & transaction history
Stratford 26 LLC · 1 yrs held
Stratford 26 LLC
since 2024
Last sale
$4.1M
7 recorded transactions
Zoning & alternative use
C4-2 · Bronx, NY
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Auto repair, garage
$6.2M
+207.1%
Retail stores
$5.0M
+150.5%
Warehouse, storage
$3.3M
+63.5%
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
$4,050,000
ML approach
$4,050,000
CAP Approach
CAP Return
Estimation
6%
$2,835,000
6.5%
$2,620,000
7%
$2,430,000
Alternative Use
Use
Estimation
AUTO REPAIR, GARAGE
$6,185,000
Change: +207% · Conversion: Difficult
RETAIL STORES
$5,045,000
Change: +151% · Conversion: Easy
WAREHOUSE, STORAGE
$3,295,000
Change: +64% · Conversion: Difficult
INDUSTRIAL (GENERAL)
$3,160,000
Change: +57% · Conversion: Moderate
OFFICE BUILDING
$3,100,000
Change: +54% · Conversion: Easy
Blend value · Realmo final
$4.05M
Range $3.65M – $4.46M · ±10% · vs last sale $4.05M (Oct 8 2024)
Last sale anchor
$4.05M
Oct 8 2024
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
$476 / 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
$42,345
Tax year 2024
Assessed value
$399,780
Assessed 2024
Previous assessed
$399,780
+0.0% YoY
Effective rate
10.59%
On assessed value
Assessed land
$40,500
Assessed improvement
$359,280
Land market value
$90,000
Improvement market value
$932,000
Total market value
$1,022,000
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 residential properties
Use group
STORES & APARTMENTS
Status
Off-Market
Year built
1991
Heating
NONE
Buildings
1
Stories
2
Units
2
Total area
8,500 SF
Lot
0.11 ac (5,000 SF)
Zoning code
C4-2
APN
03776-0071
UPID
US63-6060598
Jurisdiction
BRONX
Metro division
NEW YORK-WHITE PLAINS-WAYNE, NY-NJ METROPOLITAN DIVISION
Zoning & alternative use
C4-2 · Bronx, NY
Zoning C4-2 · permitted uses
C4-2 · 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
AUTO REPAIR, GARAGE
Est. value
$6.2M
RETAIL STORES
Est. value
$5.0M
WAREHOUSE, STORAGE
Est. value
$3.3M
INDUSTRIAL (GENERAL)
Est. value
$3.2M
OFFICE BUILDING
Est. value
$3.1M
AUTO REPAIR, GARAGE
RETAIL STORES
WAREHOUSE, STORAGE
INDUSTRIAL (GENERAL)
OFFICE BUILDING
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
1991
Heating
NONE
Stories
2
Buildings
1
Units
2
Lot
0.11 ac
Current owner
From public records · entity-resolved
Stratford 26 LLC
Entity
Mailing address
16 MIDDLE NCK RD #226, GREAT NECK, NY 11021-2357
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2024
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
Oct 8, 2024
$4,050,000
Stratford 26 LLC
Ermioni 1215 Realty , LLC
Deed
$2,320,000 · Promiseone Bank
Dec 9, 2015
$2,800,000
Ermioni 1215 Realty LLC
1215-1217 Stratford LLC
Grant Deed
—
Aug 9, 2007
$3,100,000
1215-1217 Stratford LLC
1215 Stratford LLC
Grant Deed
related
$2,325,000 · Citibank NA
Mar 22, 2007
—
1215 Stratford LLC
Kessler,henry
Grant Deed
related
—
—
—
Ermioni 1215 Realty LLC
—
Loan Modification, Consolidation And Extension
related
$10,300,000 · Peapack Gladstone Bk
—
—
1215-1217 Stratford LLC
—
Deed Of Trust
related
$1,190,000 · State Bank Of Long Island
—
—
1215-1217 Stratford LLC
—
Deed Of Trust
related
$393,980 · State Bank Of Long Island
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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