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Property profile & analytics
OFF-MARKET
Estimated value
$14,700,000
Retail residential properties
1515 Grand Concourse Bronx, NY 10452-6340
Entity Owned
4-yr Hold
~
Est. High Equity
Property ID
US63-3793656
Property profile
Verified
Property type
Retail residential properties
Use group
STORES & APARTMENTS
Year built
1927
Total area
73,692 SF
Lot
0.54 ac (23,667 SF)
Zoning code
R8
APN
02835-0016
UPID
US63-3793656
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
-
Carlos refrigeration y eletrodomestico Housing Complex
-
Farah Y. De la Cruz Daycare High School Daycare Center
-
Carlos Refrigeration & Appliance Home Appliance Store
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$9.99M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$15.61M
Blend (final)
Blend
$14.70M
Owner & transaction history
1515 Gc LLC · 4 yrs held
1515 Gc LLC
since 2022
Last sale
$14.4M
7 recorded transactions
Zoning & alternative use
R8 · 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
$14,700,000
ML approach
$9,985,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
COMMERCIAL (GENERAL)
$14,385,000
Current use
Blend value · Realmo final
$14.70M
Range $13.23M – $16.17M · ±10% · vs last sale $14.40M (Feb 1 2022)
Last sale anchor
$14.40M
Feb 1 2022
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
$199 / 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
$239,798
Tax year 2024
Assessed value
$1,918,080
Assessed 2024
Previous assessed
$1,868,400
+2.7% YoY
Effective rate
12.50%
On assessed value
Assessed land
$90,000
Assessed improvement
$1,828,080
Land market value
$200,000
Improvement market value
$4,400,000
Total market value
$4,600,000
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
1927
Heating
NONE
Buildings
1
Stories
6
Units
76
Total area
73,692 SF
Lot
0.54 ac (23,667 SF)
Zoning code
R8
APN
02835-0016
UPID
US63-3793656
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
COMMERCIAL (GENERAL) Current
Est. value
$14.4M
COMMERCIAL (GENERAL) 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
1927
Heating
NONE
Stories
6
Buildings
1
Units
76
Lot
0.54 ac
Current owner
From public records · entity-resolved
1515 Gc LLC
Entity
Mailing address
3 W 35TH ST, NEW YORK, NY 10001-2204
Ownership since
2022
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
10 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Feb 1, 2022
$14,400,000
1515 Gc LLC
1515 Realty LLC
Deed
$478,460 · Jpmorgan Chase Bank, N.a.
Feb 26, 2020
$13,757,983
1515 Realty LLC
1515 Grand Concourse LLC
Grant Deed
—
Feb 26, 2020
—
1515 Realty LLC
—
Deed
related
$10,150,000 · Capital One NA
Dec 20, 2017
—
1515 Grand Concourse LLC
—
Loan Modification, Consolidation And Extension
related
$10,855,000 · New York Cmnty Bk
Dec 30, 2014
—
1515 Grand Concourse LLC
—
Loan Modification, Consolidation And Extension
related
$9,000,000 · New York Cmnty Bk
Aug 21, 2012
$7,585,000
1515 Grand Concourse LLC
Thelonius Gc LLC
Grant Deed
—
Jul 19, 2011
$6,100,000
Thelonious Gc LLC
Baja Realty INC
Grant Deed
$4,575,000 · Bridgehampton National Bank
—
—
1515 Grand Concourse LLC
—
Deed Of Trust
related
$5,550,000 · Signature Bank
—
—
1515 Grand Concourse LLC
—
Loan Modification, Consolidation And Extension
related
$10,855,000 · New York Cmnty Bk
—
—
1515 Realty LLC
—
Loan Modification
related
$10,150,000 · Capital One NA
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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