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Property profile & analytics
OFF-MARKET
Estimated value
$8,450,000
Retail residential properties
1355 Grant Ave Bronx, NY 10456
Entity Owned
10-yr Hold
~
Est. High Equity
Property ID
US63-2398422
Property profile
Verified
Property type
Retail residential properties
Use group
STORES & APARTMENTS
Year built
2016
Total area
44,689 SF
Lot
0.17 ac (7,525 SF)
Zoning code
R8A
APN
02520-0045
UPID
US63-2398422
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
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$8.45M
Owner & transaction history
1401 Elg Dev LLC · 10 yrs held
1401 Elg Dev LLC
since 2016
7 recorded transactions
Zoning & alternative use
R8A · 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
by Request
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
COMMERCIAL (GENERAL)
$10,590,000
Current use
Blend value · Realmo final
$8.45M
Range $7.61M – $9.30M · ±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
$189 / 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
$30,942
Tax year 2024
Assessed value
$2,847,510
Assessed 2024
Previous assessed
$2,809,800
+1.3% YoY
Effective rate
1.09%
On assessed value
Assessed land
$211,050
Assessed improvement
$2,636,460
Land market value
$469,000
Improvement market value
$5,846,000
Total market value
$6,315,000
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
2016
Heating
NONE
Buildings
1
Stories
8
Units
45
Total area
44,689 SF
Lot
0.17 ac (7,525 SF)
Zoning code
R8A
APN
02520-0045
UPID
US63-2398422
Jurisdiction
BRONX
Metro division
NEW YORK-WHITE PLAINS-WAYNE, NY-NJ METROPOLITAN DIVISION
Zoning & alternative use
R8A · Bronx, NY
Zoning R8A · permitted uses
R8A · 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
COMMERCIAL (GENERAL) Current
Est. value
$10.6M
COMMERCIAL (GENERAL) 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
2016
Heating
NONE
Stories
8
Buildings
1
Units
45
Lot
0.17 ac
Current owner
From public records · entity-resolved
1401 Elg Dev LLC
Entity
Mailing address
1144 EVERGREEN AVE, BRONX, NY 10472-3202
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
2016
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
15 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jul 16, 2021
—
1401 Elg Development LLC
—
Deed
related
$800,000 · Metropolitan Commercial Bank
Jan 24, 2019
—
1401 Elg Development LLC
—
Deed
related
$2,000,000 · Metropolitan Commercial Bank
Jan 18, 2017
—
1401 Elg Dev LLC
—
Trustees Deed
related
$4,095,000 · Banco Popular
May 18, 2016
—
4607 Park Dev LLC
—
Deed
related
$1,900,000 · Metropolitan Com'l Bk
May 11, 2016
$1,200,000
1401 Elg Dev LLC
1355 Grant LLC
Grant Deed
—
Dec 27, 2014
$1,200,000
1355 Grant LLC
Namra Corp
Grant Deed
$1,200,000 · Titan Cap Id
Feb 28, 2006
—
Namra INC
Manhattan Greenpoint Ltd
Grant Deed
related
—
Sep 10, 2004
$100
Manhattan Greenpoint Ltd
Kaplan,marshall G
Grant Deed
related
—
—
—
1401 Elg Dev LLC
—
Loan Modification
related
$10,000,000 · Metropolitan Com'l Bk
—
—
4607 Park Dev LLC
—
Loan Modification, Consolidation And Extension
related
$1,900,000 · Metropolitan Com'l Bk
—
—
1401 Elg Dev LLC
—
Deed Of Trust
related
$3,005,000 · Banco Popular
—
—
1401 Elg Dev LLC
—
Deed Of Trust
related
$900,000 · Banco Popular
—
—
4607 Park Dev LLC
—
Loan Modification
related
$5,568,000 · Banco Popular
—
—
1401 Elg Dev LLC
—
Loan Modification, Consolidation And Extension
related
$3,905,000 · Banco Popular
—
—
1401 Elg Dev LLC
—
Loan Modification
related
$1,900,000 · Banco Popular
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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