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Property profile & analytics
OFF-MARKET
Estimated value
$14,375,000
Retail residential properties
149 165th St Bronx, NY 10452-9109
Entity Owned
5-yr Hold
Free & Clear
Property ID
US63-6162225
Property profile
Verified
Property type
Retail residential properties
Use group
STORES & APARTMENTS
Year built
1919
Total area
16,410 SF
Lot
0.08 ac (3,636 SF)
Zoning code
R8
APN
02472-0001
UPID
US63-6162225
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
-
La Solucion Laundromat (Bike/Boat/Book/etc) Store
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$10.10M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$14.38M
Owner & transaction history
Sherman Cluster Housing Development · 5 yrs held
Sherman Cluster Housing Development
since 2021
Last sale
$13.2M
1 recorded transaction
Zoning & alternative use
R8 · Bronx, NY
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Auto repair, garage
$11.9M
+272.9%
Retail stores
$9.7M
+204.1%
Warehouse, storage
$6.4M
+98.6%
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
$10,100,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
AUTO REPAIR, GARAGE
$11,945,000
Change: +273% · Conversion: Difficult
RETAIL STORES
$9,745,000
Change: +204% · Conversion: Easy
WAREHOUSE, STORAGE
$6,360,000
Change: +99% · Conversion: Difficult
INDUSTRIAL (GENERAL)
$6,095,000
Change: +90% · Conversion: Moderate
OFFICE BUILDING
$5,985,000
Change: +87% · Conversion: Easy
Blend value · Realmo final
$14.38M
Range $12.94M – $15.81M · ±10% · vs last sale $13.22M (Aug 11 2021)
Last sale anchor
$13.22M
Aug 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
$876 / 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
$13,356
Tax year 2024
Assessed value
$323,280
Assessed 2024
Previous assessed
$301,140
+7.4% YoY
Effective rate
4.13%
On assessed value
Assessed land
$19,980
Assessed improvement
$303,300
Land market value
$57,000
Improvement market value
$822,000
Total market value
$879,000
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
1919
Heating
NONE
Buildings
1
Stories
5
Units
21
Total area
16,410 SF
Lot
0.08 ac (3,636 SF)
Zoning code
R8
APN
02472-0001
UPID
US63-6162225
Jurisdiction
BRONX
Metro division
NEW YORK-WHITE PLAINS-WAYNE, NY-NJ METROPOLITAN DIVISION
Zoning & alternative use
R8 · Bronx, NYZoning R8 · permitted uses
R8 · Bronx, NY
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Alternative use value scenarios
Repositioning upside vs current use
AUTO REPAIR, GARAGE
Est. value
$11.9M
RETAIL STORES
Est. value
$9.7M
WAREHOUSE, STORAGE
Est. value
$6.4M
INDUSTRIAL (GENERAL)
Est. value
$6.1M
OFFICE BUILDING
Est. value
$6.0M
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
1919
Heating
NONE
Stories
5
Buildings
1
Units
21
Lot
0.08 ac
Current owner
From public records · entity-resolved
Sherman Cluster Housing Development
Entity
Free & Clear · 5 yrs held
Mailing address
247 W 37TH ST, NEW YORK, NY 10018-5706
Ownership since
2021
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
1 recorded event · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Aug 11, 2021
$13,218,741
Sherman Cluster Housing Development
Sherman Associates, L.p.
Deed
—
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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