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    Property profile & analytics

    1938 Webster Ave Bronx, NY 10457-4249

    • Residential income homes
    • 19,000 SF
    • 0.16 lot acres
    OFF-MARKET
    Value Estimations
    $710,000
    Show details
    Cap Rate Potential
    Location Intelligence
    Property ID
    US63-2999696
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.

    Current Use by Public Records

    • Park Overlook Hotel Llc / Hotel

    Property Details for 1938 Webster Ave

    Year built
    1907
    Lot size
    0.16 lot acres
    Property size
    19,000 SF
    Zone code
    C45X
    Property type
    Residential income homes
    Property subtype
    Serviced apartments
    APN
    03027-0014
    APU
    30270014

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      ML approach
      $705,000

    • Comparable approach

      Method
      Estimation
      AI Estimate
      $750,000
      Market price range: $234k - $751k

    Get a detailed, property-specific valuation — fast and free

    Location Insight

    • Map
    • Local Demand
    City
    Bronx
    County
    Bronx
    State
    New York
    Longitude
    -73.9
    Latitude
    40.8485
    CBSA code
    35620
    CBSA name
    NEW YORK-NORTHERN NEW JERSEY-LONG ISLAND, NY-NJ-PA METROPOLITAN STATISTICAL AREA

    Property Tax & Assessments

    Tax date
    Tax Amount
    Assessed Land Value
    Assessed Improvement Value
    Total Assessed Value
    Applied Tax Rate
    Land Market Value
    Improvement Market Value
    Total Market Value
    2024
    $145,223
    $127,800
    $1,243,260
    $1,371,060
    -
    $284,000
    $2,959,000
    $3,243,000

    Comparable in this City

    • Value Estimation
      $780,000
      19,110 SF

      1930 Webster Ave

      BOARDING/ROOMING HOUSE • 19,110 SF
      1930 Webster Ave, Bronx, NY 10457-4249
      View Details
    • Value Estimation
      $725,000
      18,104 SF

      4387 3rd Ave

      BOARDING/ROOMING HOUSE • 18,104 SF
      4387 3rd Ave, Bronx, NY 10457-3215
      View Details
    • Value Estimation
      $875,000
      28,167 SF

      1893 Washington Ave

      BOARDING/ROOMING HOUSE • 28,167 SF
      1893 Washington Ave, Bronx, NY 10457-6214
      View Details
    • Value Estimation
      $11,480,000
      17,548 SF

      1732 Webster Ave

      BOARDING/ROOMING HOUSE • 17,548 SF
      1732 Webster Ave, Bronx, NY 10457-7308
      View Details
    • Value Estimation
      $645,000
      16,510 SF

      2240 Grand Concourse, Unit 11

      BOARDING/ROOMING HOUSE • 16,510 SF
      2240 Grand Concourse, Bronx, NY 10457-1039
      View Details
    • Value Estimation
      $760,000
      23,185 SF

      2008 Webster Ave

      BOARDING/ROOMING HOUSE • 23,185 SF
      2008 Webster Ave, Bronx, NY 10457-4212
      View Details

    Similar Nearby for Sale

    • $1,500,000
      Pending

      Bronx Duplex on Large Lot

      Well-maintained duplex on a 50x100 lot in the Bronx.
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    • $1,390,000
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      Bronx Triplex with Development Potential

      Multi-family home with steady income and expansion possibilities.
      1787 Monroe Ave, Bronx, NY 10457
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    • $619,999
      Pending

      Bronx Duplex with Finished Basement

      Two-family house in the Bronx with a finished basement.
      2068 Valentine Ave, Bronx, NY 10457
      View Details
    • $699,999

      Historic Landmark Block Two-Family Home

      Charming 2-family home in a desirable, historic location.
      2263 Ryer Ave, Bronx, NY 10457
      View Details
    • $189,000

      Renovated Co-op with Open Kitchen

      Completely renovated 2-bedroom co-op with hardwood floors and natural light.
      2023 The, Bronx, NY 10457
      View Details
    • $1,300,000
      2,400 SF

      Renovated Bronx Triplex with Garage

      Fully renovated, vacant 3-family property in the Claremont section.
      1696 Monroe Ave, Bronx, NY 10457
      View Details

    Similar Nearby for Lease

    • $3,596 /Mo

      Renovated Apartment in The Bronx

      Recently renovated 3-bedroom, 2-bathroom apartment available for rent.
      1869 The, Bronx, NY 10457
      View Details
    • $20 SF/Yr
      38,000 SF

      Bronx Industrial Space For Lease

      Executive Suites & Flex Space Available
      305 182Nd St, The Bronx, NY 10457
      View Details
    • $44 SF/Yr
      1,223 SF

      Bronx Retail Space Available

      Retail space available for lease in the Bronx.
      3952 3Rd Ave, Bronx, NY 10457
      View Details
    • Contact for pricing
      13,000 SF

      Grand Concourse Corner Store Opportunity

      1,800 SF Retail Space Available in The Bronx
      2110 Grand Concourse The, The Bronx, NY 10457
      View Details
    • $531 /Mo
      1,223 SF

      Prime Bronx Retail Space

      1,223 SF Retail Space - Available Now
      3972 3Rd Ave, The Bronx, NY 10457
      View Details
    • Contact for pricing
      7,883 SF

      Bronx Office Space Available

      Office space available for rent in the Bronx, NY.
      16 Wade Sq, Bronx, NY 10457
      View Details
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    1938 Webster Ave
    Bronx, NY 10457-4249
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    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
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