1423 Noble Ave Bronx, NY 10472-1444
Entity Owned
~
Est. High Equity
Estimated value (blended)
$340k
Range $306k – $374k (±10%)
Property ID
US63-3308366
Property summary
AI-generated overview
This exceptional mixed-use property at 1423 Noble Avenue in the Bronx, New York, presents a compelling investment opportunity. The 5,670 square foot building sits on a generous 29.67-acre lot and is currently configured as an eleven-bedroom, six-and-a-half-bathroom multifamily residence. The three-story brick structure boasts a finished basement with significant untapped potential, adding to its overall value. The property's location offers convenient access to the Bronx River Park East, the subway, and the Cross Bronx Expressway, enhancing its appeal to a wide range of tenants. The asking price is $1,800,000. Further adding to its investment potential is an unused floor area ratio (FAR) of 1,542.84, suggesting possibilities for expansion or redevelopment. The property includes on-site parking. This is a rare chance to acquire a substantial multifamily building in a rapidly growing neighborhood, offering both immediate income generation and long-term appreciation potential. The property is located in zip code 10472, Bronx County, New York.
Property profile
Verified
Property type
Apartment buildings
Use group
APARTMENT HOUSE (5+ UNITS)
Year built
1928
Total area
5,670 SF
Lot
0.07 ac (2,967 SF)
Zoning code
R6
APN
03893-0039
UPID
US63-3308366
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Current use
Occupant on record · Public records
-
High School Daycare Center
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$1.18M
Blend (final)
Blend
$340k
Owner & transaction history
since 2026
Last sale
$1.1M
3 recorded transactions
Zoning & alternative use
R6 · Bronx, NY
Top alternative use upside
Commercial (general)
$1.3M
+52.1%
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
Value estimation
Instant AI valuation built from comps, income signals, and proprietary benchmarks. A defensible range, not a single guess.
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Unlock the complete Valuation workflow
Full NOI reconstruction, selected comps, alternative-use scenarios, data audit and PDF export.
All 49 comparables with addresses
2 alternative uses screened
Sensitivity value band
Source audit · 10 inputs
PDF export
Analytics Standard · 5 reports
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Summary
1
Valuation conclusion
Included free
Estimated market value
$340k
Value range
$306k – $374k
±10% around blend
Estimated value / SF
$60 / SF
Confidence
High
49 county-verified comps
Property data
88
Market benchmarks
100
Comparable evidence
100
$306k
blend $340k
$374k
Market-derived valuation under stabilized market assumptions. Desktop analysis. No physical inspection performed.
2
Subject property
Included free
GBA
5,670 SF
Lot area
0.07 ac
Year built
1928
Stories
3
APN
03893-0039
Assessed value
$205,508
Annual tax
$25,693
3
Income approach: direct capitalization
Partial preview
Not enough income data on file for a CAP-approach estimation.
4
Sales comparison
Partial preview
Sales approach indication
$1.57M
Weighted, 20 comps · high confidence
Evidence
49 found · 6 selected
County-verified recorded sales
Comparable
Sale dateSale price$ / SF
0.8 mi away · 4,500 SF
0.9 mi away · 5,760 SF
2.3 mi away · 4,760 SF
3.5 mi away · 5,160 SF
3.6 mi away · 5,451 SF
5
Sensitivity & risk
Partial preview
Downside
−10%
Base
$340k
Upside
+10%
Bounds of the ±10% band vs the blend — never simulated scenarios.
6
Current market position
Included free
Benchmark
Observed band ($/SF)AverageSubject delta
ZIP 40 sales
$156
-62%
Submarket 818 sales
$145
-59%
County 816 sales
$145
-59%
Band = middle half (Q1–Q3) of recorded sale $/SF for this use type per geography; the diamond marks the subject at $60/SF. Delta below average reads as headroom. Source: Realmo CRE sales derivatives (county records).
7
Alternative use screening
Partial preview
Top alternative use
Commercial (general)
Gross theoretical uplift
+52%
vs current-use indication
Apartment House (5+ Units) · current use
Values shown before conversion costs, entitlement costs, capital expenditures and stabilization risk.
8
Data & methodology
Included free
Building area
County record
Property tax
County record
Assessed value
County record
Zoning designation
Not available
Operating expenses
Not available
Market rent
Not available
Actual rent roll
Not available
Tenant leases
Not available
Physical condition
Not inspected
Conversion costs
Not available
Not analyzed due to unavailable source data: tenant leases, physical condition and capital
requirements were not available for this desktop analysis. Cost Approach excluded due to
availability of income evidence.
Automated valuation analysis, not a licensed appraisal. Figures are derived from public
records and proprietary models. Desktop analysis: no physical inspection, tenant leases or reported
property income. Verify with a licensed appraiser before transacting.
Cap rate
Cap rate calculated from real income and expense signals, benchmarked against sales of similar assets nearby.
17% off on annual
Unlock the complete Cap Rate workflow
Full market tables, editable assumptions, comparable evidence, saved work and exports.
9-scenario matrix
Comparable evidence · 49 sales
Market rates by use type
PDF export
Analytics Standard · 5 reports
from $99/month
from $99/month
Overview
No cap rate is computable for this property yet: no recorded sale, income signal or market-rate row for its use type.
Price sensitivity
The rate is the decision lever; valuation is the consequence.
Test a cap rate
Implied value$1.13M
Move the market yield to see immediate price impact.
Value / SF
$198
Vs. selected
Base
Derivation
NOI ÷ cap
Arithmetic over the derived NOI * — not market scenario modeling.
NOI × cap matrix
Preview
Preview of 9 modeled outcomes.
NOI
5.00%7.00%9.00%
$71k
$1.42M
$1.01M
$788k
$79k
$1.58M
$1.13M
$875k
$87k
$1.73M
$1.24M
$963k
NOI sensitivity ±10% across the 5 / 7 / 9% anchors — derivation of the NOI above.
Comparable evidence
Partial preview
Recorded sales nearby
49 found
High confidence · county-verified
Closest comparable
$975k
0.8 mi · Jan 2026 · $217/SF
Property tax & assessments
Tax year 2024Property tax & assessments
Tax year 2024
Tax billed
$25,693
Tax year 2024
Assessed value
$205,508
Assessed 2024
Previous assessed
$198,147
+3.7% YoY
Effective rate
12.50%
On assessed value
Assessed land
$4,396
Assessed improvement
$201,112
Land market value
$20,000
Improvement market value
$915,000
Total market value
$935,000
Applied tax rate
2.0000
Automated cap rate analysis. Based on public records, market benchmarks and proprietary
models. Verify with a licensed professional before transacting.
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
1928
Heating
NONE
Buildings
1
Stories
3
Units
6
Total area
5,670 SF
Lot
0.07 ac (2,967 SF)
Zoning code
R6
APN
03893-0039
UPID
US63-3308366
Jurisdiction
BRONX
Metro division
NEW YORK-WHITE PLAINS-WAYNE, NY-NJ METROPOLITAN DIVISION
Zoning & alternative use
R6 · Bronx, NYZoning R6 · permitted uses
R6 · Bronx, NY
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Alternative use value scenarios
Repositioning upside vs current use
Alternative use deep dive — conversion cost, permits, timeline
Conversion cost estimate · Permit path & risks · Stabilized NOI per option
Building & site characteristics
From public records
Year built
1928
Heating
NONE
Stories
3
Buildings
1
Units
6
Lot
0.07 ac
Zoning
The recorded zoning designation, what the district officially allows, and the municipal source it comes from.
Zoning designation
County-recorded code
R6
Jurisdiction
Bronx, NY
Recorded code
R6
Ownership Intelligence
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Debt & historyRecorded loans and transaction history
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Owner of record and activity signals are derived from public records and modeled classifications.
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