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Property profile & analytics
OFF-MARKET
Estimated value
$33,825,000
Retail residential properties
1625 Fulton Ave 1631 Bronx, NY 10457-8142
Entity Owned
4-yr Hold
~
Est. High Equity
Property ID
US63-5251313
Property profile
Verified
Property type
Retail residential properties
Use group
STORES & APARTMENTS
Year built
1927
Total area
87,413 SF
Lot
0.51 ac (22,152 SF)
Zoning code
R6
APN
02929-0082
UPID
US63-5251313
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
-
Intrepid LLC Charitable Organization Social Service Agency
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$26.93M
Comparable Approach
Comparable
$32.02M
Blend (final)
Blend
$33.83M
Owner & transaction history
Lm Dv Infrastructure LLC · 4 yrs held
Lm Dv Infrastructure LLC
since 2022
Last sale
$36.5M
7 recorded transactions
Zoning & alternative use
R6 · Bronx, NY
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Retail stores
$51.9M
+122.4%
Warehouse, storage
$33.9M
+45.2%
Industrial (general)
$32.5M
+39.2%
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
$37,225,000
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
$29,175,000
6.5%
$26,930,000
7%
$25,005,000
Alternative Use
Use
Estimation
COMMERCIAL (GENERAL)
$23,335,000
Current use
RETAIL STORES
$51,900,000
Change: +122% · Conversion: Easy
WAREHOUSE, STORAGE
$33,880,000
Change: +45% · Conversion: Difficult
INDUSTRIAL (GENERAL)
$32,480,000
Change: +39% · Conversion: Moderate
OFFICE BUILDING
$31,880,000
Change: +37% · Conversion: Easy
Blend value · Realmo final
$33.83M
Range $30.44M – $37.21M · ±10% · vs last sale $36.47M (Mar 10 2022)
Last sale anchor
$36.47M
Mar 10 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
$387 / 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
$392,902
Tax year 2024
Assessed value
$3,142,710
Assessed 2024
Previous assessed
$3,005,460
+4.6% YoY
Effective rate
12.50%
On assessed value
Assessed land
$758,250
Assessed improvement
$2,384,460
Land market value
$1,685,000
Improvement market value
$6,076,000
Total market value
$7,761,000
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
103
Total area
87,413 SF
Lot
0.51 ac (22,152 SF)
Zoning code
R6
APN
02929-0082
UPID
US63-5251313
Jurisdiction
BRONX
Metro division
NEW YORK-WHITE PLAINS-WAYNE, NY-NJ METROPOLITAN DIVISION
Zoning & alternative use
R6 · Bronx, NY
Zoning R6 · permitted uses
R6 · 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
COMMERCIAL (GENERAL) Current
Est. value
$23.3M
RETAIL STORES
Est. value
$51.9M
WAREHOUSE, STORAGE
Est. value
$33.9M
INDUSTRIAL (GENERAL)
Est. value
$32.5M
OFFICE BUILDING
Est. value
$31.9M
COMMERCIAL (GENERAL) Current
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
1927
Heating
NONE
Stories
6
Buildings
1
Units
103
Lot
0.51 ac
Current owner
From public records · entity-resolved
Lm Dv Infrastructure LLC
Entity
Mailing address
1625 FULTON AVE, BRONX, NY 10457-8142
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
15 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Mar 10, 2022
$36,470,390
Lm Dv Infrastructure LLC
Landmark Infrastructure INC.
Deed
—
Apr 7, 2020
—
1625-1631 Fulton Ave Owner LLC
—
Deed
related
$3,352,038 · Popular Bank
Jun 16, 2010
$6,265,058
1625-1631 Fulton Ave Owner LLC
1625-1631 Fulton LLC
Grant Deed
—
May 19, 2010
—
1014 Gerard Ave Owner LLC
—
Deed Of Trust
related
$118,762,000 · Federal National Mortgage Assn
Feb 9, 2007
$6,619,600
1625-1631 Fulton LLC
1992 Fulton Realty Corp
Grant Deed
$2,361,159 · Sovereign Bank
—
—
1625-1631 Fulton Ave Owner LLC
—
Deed Of Trust
related
$6,265,058 · Federal National Mortgage Assn
—
—
1625-1631 Fulton Ave Owner LLC
—
Loan Modification, Consolidation And Extension
related
$14,500,000 · New York Cmnty Bk
—
—
1625-1631 Fulton Ave Owners Ll
—
Deed Of Trust
related
$12,000,000 · New York Community Bank
—
—
1625-1631 Fulton Ave Owner LLC
—
Loan Modification
related
$24,000,000 · Popular Bk
—
—
1625-1631 Fulton Ave Owner LLC
—
Loan Modification
related
$20,647,962 · Popular Bk
—
—
1625-1631 Fulton Ave Owner LLC
—
Deed Of Trust
related
$1,370,542 · Evergreen Cap LP
—
—
1625-1631 Fulton LLC
—
Deed Of Trust
related
—
—
—
1625-1631 Fulton Ave Owner LLC
—
Deed Of Trust
related
$7,635,600 · Evergreen Capital LP
—
—
1014 Gerard Ave Owner LLC
—
Deed Of Trust
related
—
—
—
1625-1631 Fulton Ave Owner LLC
—
Deed Of Trust
related
$4,364,400 · New York Community Bank
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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