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Property profile & analytics
OFF-MARKET
Estimated value
$49,500,000
Retail residential properties
1749 Grand Concourse Bronx, NY 10453-8241
Entity Owned
2-yr Hold
~
Est. High Equity
Property ID
US63-4820369
Property profile
Verified
Property type
Retail residential properties
Use group
STORES & APARTMENTS
Year built
1924
Total area
423,500 SF
Lot
0.79 ac (34,205 SF)
Zoning code
R8
APN
02822-0019
UPID
US63-4820369
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
-
SmartTax Prep LLC Accounting Firm Tax Preparation
-
Luperon Transport Inc Trucking Company
-
Hamaspik Homecare Home Health Care Service
-
Pradip Joshi, DPM - Foot Doctor Physician
-
Rosa's Day Care High School Daycare Center
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$49.50M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$41.51M
Blend (final)
Blend
$49.50M
Owner & transaction history
Concourse Estate LLC · 2 yrs held
Concourse Estate LLC
since 2024
Last sale
$49.5M
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
$49,500,000
ML approach
$49,500,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
COMMERCIAL (GENERAL)
$61,160,000
Current use
Blend value · Realmo final
$49.50M
Range $44.55M – $54.45M · ±10% · vs last sale $49.50M (Jan 2 2024)
Last sale anchor
$49.50M
Jan 2 2024
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
$117 / 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
$924,313
Tax year 2024
Assessed value
$7,393,320
Assessed 2024
Previous assessed
$6,774,660
+9.1% YoY
Effective rate
12.50%
On assessed value
Assessed land
$136,350
Assessed improvement
$7,256,970
Land market value
$303,000
Improvement market value
$19,744,000
Total market value
$20,047,000
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
1924
Heating
NONE
Buildings
1
Stories
13
Units
279
Total area
423,500 SF
Lot
0.79 ac (34,205 SF)
Zoning code
R8
APN
02822-0019
UPID
US63-4820369
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
COMMERCIAL (GENERAL) Current
Est. value
$61.2M
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
1924
Heating
NONE
Stories
13
Buildings
1
Units
279
Lot
0.79 ac
Current owner
From public records · entity-resolved
Concourse Estate LLC
Entity
Mailing address
199 LEE AVE #215, BROOKLYN, NY 11211-8919
Ownership since
2024
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
14 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jan 2, 2024
—
Concourse Estate LLC
Concourse Estate LLC
Deed
related
—
Mar 1, 2022
—
Concourse Estate LLC
—
Deed
related
$5,817,241 · Customers Bank
Jan 23, 2018
—
Concourse Estate LLC
—
Loan Modification, Consolidation And Extension
related
$53,000,000 · Customers Bk
May 14, 2015
$49,500,000
Concourse Estate LLC
1749 Holdings LP
Grant Deed
$9,625,000 · Bankunited Fsb
Jul 17, 2013
$35,000,000
1749 Holdings LP
1749 Grand Concourse Owner LLC
Grant Deed
$918,558 · Capital One
Dec 28, 2010
—
1-9 Jacobus Place Owner LLC
—
Deed Of Trust
related
$119,238,000 · Federal Home Loan Mortgage Cor
Nov 15, 2010
$24,978,645
1749 Grand Concourse Owner LLC
1749 Grand Concourse LLC
Deed
—
Feb 14, 2007
$28,294,938
1749 Grand Concourse LLC
Lewis Morris Associates
Grant Deed
$6,146,747 · Sovereign Bank
—
—
Concourse Estate LLC
—
Loan Modification, Consolidation And Extension
related
$37,125,000 · Bankunited Fsb
—
—
1749 Grand Concourse Owner LLC
—
Deed Of Trust
related
$27,225,000 · New York Community Bank
—
—
1749 Grand Concourse Owner LLC
—
Deed Of Trust
related
$2,246,355 · New York Community Bank
—
—
1749 Holdings LP
—
Loan Modification
related
$27,500,000 · Capital One
—
—
Lewis Morris Associates
—
Deed Of Trust
related
$5,887,418 · North Fork Bank
—
—
1749 Grand Concourse Owner LLC
—
Deed Of Trust
related
$24,978,645 · Federal Home Loan Mortgage Cor
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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