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Property profile & analytics
FOR LEASE
Retail residential properties
1755 Watson Ave, Bronx, NY 10472
Entity Owned
6-yr Hold
Free & Clear
Property ID
US63-3293363
For Lease
1 / 2
$18,230,000
1755 Watson Ave, Bronx, NY 10472
View Listing →
Property profile
Verified
Property type
Retail residential properties
Use group
STORES & APARTMENTS
Year built
2019
Total area
312,880 SF
Lot
1.36 ac (59,459 SF)
Zoning code
R7A
APN
03751-0001
UPID
US63-3293363
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
-
Watson Food Market Food Market Restaurant
-
Bronx Personal Injury Attorney at Law, Brandon J. Broderick Law Firm
-
The International House Of Praise Real Estate Agency
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$18.23M
Owner & transaction history
Bpdc Housing Dev Fund Co INC · 6 yrs held
Bpdc Housing Dev Fund Co INC
since 2019
2 recorded transactions
Zoning & alternative use
R7A · 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
CAP Approach
Comparable Approach
Alternative Use
Get a detailed, property-specific estimation — fast and free
Price per SF
Sale + rent benchmarks
Subject property
$58 / 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
$461,178
Tax year 2024
Assessed value
$21,879,212
Assessed 2024
Previous assessed
$21,419,848
+2.1% YoY
Effective rate
2.11%
On assessed value
Assessed land
$1,631,732
Assessed improvement
$20,247,480
Land market value
$3,626,000
Improvement market value
$46,823,000
Total market value
$50,449,000
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
For Lease
Year built
2019
Heating
NONE
Buildings
1
Stories
9
Units
327
Total area
312,880 SF
Lot
1.36 ac (59,459 SF)
Zoning code
R7A
APN
03751-0001
UPID
US63-3293363
Jurisdiction
BRONX
Metro division
NEW YORK-WHITE PLAINS-WAYNE, NY-NJ METROPOLITAN DIVISION
Zoning & alternative use
R7A · Bronx, NY
Zoning R7A · permitted uses
R7A · 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.
Building & site characteristics
From public records
Year built
2019
Heating
NONE
Stories
9
Buildings
1
Units
327
Lot
1.36 ac
Current owner
From public records · entity-resolved
Bpdc Housing Dev Fund Co INC
Entity
Free & Clear · 6 yrs held
Mailing address
PO BOX 716, BRONX, NY 10472-0716
Ownership since
2019
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
2 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Dec 13, 2019
—
Bpdc Housing Dev Fund Co INC
Pentacostal Deliverance Bronx
Grant Deed
—
Jul 10, 2018
$8,000,000
1755 Watson Avenue Moderate LLC
Bronx Pentacostal Deliverance Cente
Deed
$6,000,000 · New York City Housing Development
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.
Try Rey
Ask anything about this address in plain English.
“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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