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Property profile & analytics
OFF-MARKET
Estimated value
$4,635,000
Apartment buildings
1688 Weeks Ave Bronx, NY 10457-7006
Entity Owned
3-yr Hold
Property ID
US63-4254239
Property profile
Verified
Property type
Apartment buildings
Use group
APARTMENT HOUSE (5+ UNITS)
Year built
2023
Construction
BRICK
Total area
32,225 SF
Lot
0.13 ac (5,700 SF)
Zoning code
R8
APN
02792-0031
UPID
US63-4254239
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
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$5.38M
Blend (final)
Blend
$4.64M
Owner & transaction history
Cyh Weeks Ave LLC · 3 yrs held
Cyh Weeks Ave LLC
since 2023
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
by Request
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
APARTMENT HOUSE (5+ UNITS)
$3,720,000
Current use
Blend value · Realmo final
$4.64M
Range $4.17M – $5.10M · ±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
$144 / 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
$287,925
Tax year 2024
Assessed value
$2,303,034
Assessed 2024
Previous assessed
$36,146
+6,271.5% YoY
Effective rate
12.50%
On assessed value
Assessed land
$37,734
Assessed improvement
$2,265,300
Land market value
$339,000
Improvement market value
$5,034,000
Total market value
$5,373,000
Applied tax rate
1.0000
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
Apartment buildings
Use group
APARTMENT HOUSE (5+ UNITS)
Status
Off-Market
Year built
2023
Construction
BRICK
Heating
NONE
Buildings
2
Stories
8
Units
68
Total area
32,225 SF
Lot
0.13 ac (5,700 SF)
Zoning code
R8
APN
02792-0031
UPID
US63-4254239
Jurisdiction
BRONX
Metro division
NEW YORK-WHITE PLAINS-WAYNE, NY-NJ METROPOLITAN DIVISION
Zoning & alternative use
R8 · Bronx, NY
Zoning R8 · permitted uses
R8 · 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
APARTMENT HOUSE (5+ UNITS) Current
Est. value
$3.7M
APARTMENT HOUSE (5+ UNITS) 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
2023
Construction
BRICK
Heating
NONE
Stories
8
Buildings
2
Units
68
Lot
0.13 ac
Current owner
From public records · entity-resolved
Cyh Weeks Ave LLC
Entity
Mailing address
51 FRST RD STE #316, MONROE, NY 10950-2905
Ownership since
2023
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
11 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Mar 11, 2025
—
Cyh Weeks Ave LLC
—
Deed
related
$6,100,000 · Valley National Bank
Jul 12, 2023
—
Cyh Weeks Ave LLC
Weeks Capital Associates LLC
Deed
$11,000,000 · Ice Lender Holdings LLC
Apr 6, 2022
$1,265,000
Weeks Capital Associates LLC
Andrew Jacobs
Deed
$2,550,000 · Icecap Sub-reit II, LLC
Oct 23, 2017
—
Andrew Jacobs
Jacobs,mavis
Quit Claim Deed
related
—
Aug 4, 2006
$480,000
Mavis Jacobs
Jacobs,andrew
Grant Deed
related
$384,000 · Aames Funding Corp
Apr 4, 2001
—
Andrew R Jacobs
—
Trustees Deed
related
$38,713 · Conseco Finance Credit Corp
Apr 19, 2000
$280,000
Andrew R Jacobs
Jacobs,edwin A
Grant Deed
related
$196,000 · New Jersey Mortgage & Inv
—
—
Mavis Jacobs
—
Deed Of Trust
related
$432,000 · Home Funds Direct
—
—
Andrew R Jacobs
—
Deed Of Trust
related
$306,000 · First Franklin Financial Corp
—
—
Andrew R Jacobs
—
Deed Of Trust
related
$52,000 · Aames Home Loan
—
—
Andrew R Jacobs
—
Deed Of Trust
related
$182,000 · Aames Home Loan
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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