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Property profile & analytics
OFF-MARKET
Estimated value
$13,160,000
Schools
1400 Cromwell Ave, Bronx, NY 10452-3213
Individually Owned
Property ID
US63-0722905
Property profile
Verified
Property type
Schools
Use group
COLLEGE, UNIVERSITY, VOC SCHOOL
Year built
2023
Total area
67,903 SF
Lot
0.41 ac (18,066 SF)
Zoning code
R8A
APN
02857-0001
UPID
US63-0722905
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
$10.02M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$13.16M
Owner & transaction history
Kristina Shalabi
Kristina Shalabi
since 2026
Last sale
$12.8M
6 recorded transactions
Zoning & alternative use
R8A · Bronx, NY
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Restaurant
$11.6M
+702.0%
Retail stores
$8.7M
+500.9%
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
$13,905,000
ML approach
$10,015,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
RESTAURANT
$11,580,000
Change: +702% · Conversion: Difficult
RETAIL STORES
$8,675,000
Change: +501% · Conversion: Difficult
Blend value · Realmo final
$13.16M
Range $11.84M – $14.48M · ±10% · vs last sale $12.79M (Jan 11 2021)
Last sale anchor
$12.79M
Jan 11 2021
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
$194 / 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
Assessed value
$5,476,931
Assessed 2024
Previous assessed
$49,099
+11,054.9% YoY
Assessed land
$129,570
Assessed improvement
$5,347,361
Land market value
$1,021,000
Improvement market value
$11,883,025
Total market value
$12,904,025
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
Schools
Use group
COLLEGE, UNIVERSITY, VOC SCHOOL
Status
Off-Market
Year built
2023
Heating
NONE
Buildings
1
Stories
6
Units
1
Total area
67,903 SF
Lot
0.41 ac (18,066 SF)
Zoning code
R8A
APN
02857-0001
UPID
US63-0722905
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
RESTAURANT
Est. value
$11.6M
RETAIL STORES
Est. value
$8.7M
RESTAURANT
RETAIL STORES
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
2023
Heating
NONE
Stories
6
Buildings
1
Units
1
Lot
0.41 ac
Current owner
From public records · entity-resolved
Kristina Shalabi
Individual
Mailing address
14 W 170TH ST, BRONX, NY 10452-3227
Ownership since
2026
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
6 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jan 27, 2026
$119,999
Kristina Shalabi
Luis Jose Bautista Garcia
Deed
—
Mar 8, 2023
—
Highbridge Facilities, LLC
—
Deed
related
$7,842,019 · Build Nyc Resource Corporation
Feb 8, 2021
—
Highbridge Facilities, LLC
—
Deed
related
$36,191,959 · Build Nyc Resource Corporation
Jan 11, 2021
$12,790,000
Hb Foundation INC
1926 Elsmere INC
Grant Deed
—
Jan 11, 2021
—
Highbridge Facilities LLC
Hb Foundation INC
Quit Claim Deed
$36,191,959 · Build Nyc Resource Corp
—
—
1926 Elsmere INC
—
Deed Of Trust
related
$229,878 · New York National 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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