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Property profile & analytics
FOR SALE
Investment properties
1838 Westchester Ave New York City, NY 10472
Entity Owned
3-yr Hold
~
Est. High Equity
Property ID
US63-5667666
For Sale
1 / 17
$3,600,000
1838 Westchester Ave, New York City, NY 10472
View Listing →
Property profile
Verified
Property type
Investment properties
Use group
OFFICE/RESIDENTIAL (MIXED USE)
Year built
1920
Total area
5,025 SF
Lot
0.06 ac (2,550 SF)
Zoning code
R5
APN
03765-0045
UPID
US63-5667666
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
-
A&S Khan Variety Discount Store Inc. Discount Store
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$1.63M
CAP Approach
CAP
$1.55M
Comparable Approach
Comparable
$1.73M
Blend (final)
Blend
$1.62M
Owner & transaction history
1838 Wa Realty LLC · 3 yrs held
1838 Wa Realty LLC
since 2023
Last sale
$1.7M
7 recorded transactions
Zoning & alternative use
R5 · Bronx, NY
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Warehouse, storage
$2.0M
+63.5%
Industrial (general)
$1.9M
+56.8%
Office building
$1.8M
+53.9%
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 New York City submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs New York City 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
$1,480,000
ML approach
$1,625,000
CAP Approach
CAP Return
Estimation
6%
$1,675,000
6.5%
$1,550,000
7%
$1,440,000
Alternative Use
Use
Estimation
COMMERCIAL (GENERAL)
$1,190,000
Current use
WAREHOUSE, STORAGE
$1,950,000
Change: +64% · Conversion: Difficult
INDUSTRIAL (GENERAL)
$1,865,000
Change: +57% · Conversion: Moderate
OFFICE BUILDING
$1,835,000
Change: +54% · Conversion: Easy
Blend value · Realmo final
$1.62M
Range $1.46M – $1.78M · ±10% · vs last sale $1.67M (Feb 3 2023)
Last sale anchor
$1.67M
Feb 3 2023
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
$322 / 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
$28,049
Tax year 2024
Assessed value
$224,355
Assessed 2024
Previous assessed
$207,737
+8.0% YoY
Effective rate
12.50%
On assessed value
Assessed land
$67,693
Assessed improvement
$156,662
Land market value
$273,000
Improvement market value
$631,800
Total market value
$904,800
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
Investment properties
Use group
OFFICE/RESIDENTIAL (MIXED USE)
Status
For Sale
Year built
1920
Heating
NONE
Buildings
1
Stories
3
Units
5
Total area
5,025 SF
Lot
0.06 ac (2,550 SF)
Zoning code
R5
APN
03765-0045
UPID
US63-5667666
Jurisdiction
BRONX
Metro division
NEW YORK-WHITE PLAINS-WAYNE, NY-NJ METROPOLITAN DIVISION
Zoning & alternative use
R5 · Bronx, NY
Zoning R5 · permitted uses
R5 · 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
$1.2M
WAREHOUSE, STORAGE
Est. value
$2.0M
INDUSTRIAL (GENERAL)
Est. value
$1.9M
OFFICE BUILDING
Est. value
$1.8M
COMMERCIAL (GENERAL) Current
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
1920
Heating
NONE
Stories
3
Buildings
1
Units
5
Lot
0.06 ac
Current owner
From public records · entity-resolved
1838 Wa Realty LLC
Entity
Mailing address
464 AVE U U2R, BROOKLYN, NY 11223-4011
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
7 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Nov 10, 2025
—
1838 Wa Realty LLC
—
Deed
related
$731,250 · Interaudi Bank
Feb 3, 2023
$1,674,156
1838 Wa Realty LLC
Gualaceo Realty Corp
Deed
$614,171 · Ice Lender Holdings LLC
Feb 15, 2013
—
Gualaceo Realty Corp
Quito,alejandro
Grant Deed
$459,412 · Northeast Community Bank
Mar 17, 2004
$470,000
Alejandro Quito
Karkat,rebhi
Grant Deed
$305,000 · Flushing Savings Bank
—
—
Mel Service INC
—
Deed Of Trust
related
$400,000 · Baron Associates
—
—
Gualaceo Realty Corp
—
Deed Of Trust
related
$700,000 · Northeast Community Bank
—
—
Rebhi Karkat
—
Deed Of Trust
related
$132,000 · American Dream Mortgage Banker
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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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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