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Property profile & analytics
OFF-MARKET
Estimated value
$1,285,000
Medical Office Space
1501 Allerton Ave, Bronx, NY 10469
Entity Owned
10-yr Hold
~
Est. High Equity
Property ID
US63-2825099
Property profile
Verified
Property type
Medical Office Space
Use group
MEDICAL CLINIC
Year built
1967
Total area
59,714 SF
Lot
1.15 ac (50,007 SF)
Zoning code
R4-1
APN
04534-0009
UPID
US63-2825099
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
$1.01M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$1.57M
Blend (final)
Blend
$1.29M
Owner & transaction history
Eastchester Realty Assocs LLC · 10 yrs held
Eastchester Realty Assocs LLC
since 2016
7 recorded transactions
Zoning & alternative use
R4-1 · 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
$1,010,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
MEDICAL BUILDING
$1,610,000
Current use
Blend value · Realmo final
$1.29M
Range $1.16M – $1.41M · ±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
$22 / 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
$502,569
Tax year 2024
Assessed value
$4,744,800
Assessed 2024
Previous assessed
$4,561,650
+4.0% YoY
Effective rate
10.59%
On assessed value
Assessed land
$481,500
Assessed improvement
$4,263,300
Land market value
$1,070,000
Improvement market value
$10,394,000
Total market value
$11,464,000
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
Medical Office Space
Use group
MEDICAL CLINIC
Status
Off-Market
Year built
1967
Heating
NONE
Buildings
1
Stories
5
Units
1
Total area
59,714 SF
Lot
1.15 ac (50,007 SF)
Zoning code
R4-1
APN
04534-0009
UPID
US63-2825099
Jurisdiction
BRONX
Metro division
NEW YORK-WHITE PLAINS-WAYNE, NY-NJ METROPOLITAN DIVISION
Zoning & alternative use
R4-1 · Bronx, NY
Zoning R4-1 · permitted uses
R4-1 · 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
MEDICAL BUILDING Current
Est. value
$1.6M
MEDICAL BUILDING 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
1967
Heating
NONE
Stories
5
Buildings
1
Units
1
Lot
1.15 ac
Current owner
From public records · entity-resolved
Eastchester Realty Assocs LLC
Entity
Mailing address
2700 EASTCHESTER RD, BRONX, NY 10469-5923
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
Dec 3, 2020
—
Eastchester Realty Assocs LLC
—
Deed
related
$23,715,577 · Dwight Cap
Sep 4, 2020
—
Eastchester Realty Assocs LLC
—
Deed
related
$23,831,900 · Dwight Cap
Dec 21, 2018
—
Eastchester Realty Associates LLC
—
Deed
related
$5,099,202 · Greystone Funding Corporation
Jan 8, 2016
—
Eastchester Realty Assocs LLC
Landa,benjamin
Quit Claim Deed
—
Dec 30, 2014
$1,294,183
Landa,benjamin|philipson Family LLC
Amalgamated Realty LLC
Grant Deed
—
Apr 9, 2014
—
Eastchester Realty Assocs LLC
Eastchester Realty Assocs LLC
Quit Claim Deed
—
—
—
Eastchester Realty Assocs LLC
—
Loan Modification
related
$23,831,900 · Greystone Fndg
—
—
Eastchester Realty Assocs LLC
—
Loan Modification, Consolidation And Extension
related
$15,992,000 · Bank Leumi USA
—
—
Eastchester Realty Assocs LLC
—
Deed Of Trust
related
$4,008,000 · Bank Leumi USA
—
—
Eastchester Realty Assocs LLC
—
Deed Of Trust
related
$9,974,900 · Greystone Funding Corp
—
—
Eastchester Realty Assocs LLC
—
Deed Of Trust
related
$6,731,537 · Bank Leumi USA
—
—
Eastchester Realty Assocs LLC
—
Deed Of Trust
related
$668,513 · Greystone Funding Corp
—
—
Eastchester Realty Assocs LLC
—
Deed Of Trust
related
$716,566 · Greystone Servicing Corp
—
—
Eastchester Realty Assocs LLC
—
Loan Modification
related
$23,715,577 · Dwight Cap
—
—
Eastchester Realty Assocs LLC
—
Loan Modification
related
$23,831,900 · Dwight Cap
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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