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Property profile & analytics
OFF-MARKET
Estimated value
$9,980,000
Apartment buildings
1401 Jesup Ave, Bronx, NY 10452-1962
Individually Owned
20-yr Hold
~
Est. High Equity
Property ID
US63-0717541
Property profile
Verified
Property type
Apartment buildings
Use group
APARTMENT HOUSE (5+ UNITS)
Year built
2006
Total area
82,161 SF
Lot
0.49 ac (21,242 SF)
Zoning code
R7-1
APN
02872-0036
UPID
US63-0717541
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
-
Tutoring/Afterschool Sessions/HRA/ACS $25 a day! Tutoring Service Training Center
-
Wolf Arthur Graphics Design NYC (Bike/Boat/Book/etc) Store Printing Service
-
Annelini High School
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$9.98M
Blend (final)
Blend
$9.98M
Owner & transaction history
Highbridge Cmnty Hsng Dev · 20 yrs held
Highbridge Cmnty Hsng Dev
since 2006
7 recorded transactions
Zoning & alternative use
R7-1 · Bronx, NY
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Commercial (general)
$16.0M
+35.7%
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
APARTMENT HOUSE (5+ UNITS)
$11,815,000
Current use
COMMERCIAL (GENERAL)
$16,040,000
Change: +36% · Conversion: Moderate
Blend value · Realmo final
$9.98M
Range $8.98M – $10.98M · ±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
$121 / 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
$2,374
Tax year 2024
Assessed value
$1,381,950
Assessed 2024
Previous assessed
$1,211,400
+14.1% YoY
Effective rate
0.17%
On assessed value
Assessed land
$159,300
Assessed improvement
$1,222,650
Land market value
$354,000
Improvement market value
$2,274,000
Total market value
$2,628,000
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
Apartment buildings
Use group
APARTMENT HOUSE (5+ UNITS)
Status
Off-Market
Year built
2006
Heating
NONE
Buildings
1
Stories
7
Units
81
Total area
82,161 SF
Lot
0.49 ac (21,242 SF)
Zoning code
R7-1
APN
02872-0036
UPID
US63-0717541
Jurisdiction
BRONX
Metro division
NEW YORK-WHITE PLAINS-WAYNE, NY-NJ METROPOLITAN DIVISION
Zoning & alternative use
R7-1 · Bronx, NY
Zoning R7-1 · permitted uses
R7-1 · 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
APARTMENT HOUSE (5+ UNITS) Current
Est. value
$11.8M
COMMERCIAL (GENERAL)
Est. value
$16.0M
APARTMENT HOUSE (5+ UNITS) Current
COMMERCIAL (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
2006
Heating
NONE
Stories
7
Buildings
1
Units
81
Lot
0.49 ac
Current owner
From public records · entity-resolved
Highbridge Cmnty Hsng Dev
Individual
Mailing address
120 BROADWAY 3RD FL #3, NEW YORK, NY 10271-0039
Ownership since
2006
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
May 10, 2019
—
Kensington Hts Assocs LP
—
Grant Deed
related
$29,350,000 · Oritani Asset Corp
Sep 12, 2007
—
Deutsche Bk Trust Co Americas
—
Deed Of Trust
related
$32,500,000 · New York City (ny)
Jan 9, 2006
—
Highbridge Cmnty Hsng Dev
Highbridge Cmnty Dev Corp
Quit Claim Deed
related
—
Jun 16, 1997
$90,000
Jose Santana
Rodriguez,carmen
Grant Deed
related
$81,000 · Mutual Of North America INC
—
—
Highbridge Cmnty Hsng Dev Fund
—
Deed Of Trust
related
—
—
—
Jose Santana
—
Deed Of Trust
related
$120,000 · Conseco Finance Credit Corp
—
—
Highbridge Cmnty Hsng Dev Fund
—
Deed Of Trust
related
$13,600 · Deutsche Bank Trust Co America
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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