New search
Property profile & analytics
OFF-MARKET
Estimated value
$5,740,000
Schools
1956 Jerome Ave, Bronx, NY 10453-5710
Entity Owned
5-yr Hold
Free & Clear
Property ID
US63-1479855
Property profile
Verified
Property type
Schools
Use group
COLLEGE, UNIVERSITY, VOC SCHOOL
Year built
2023
Total area
68,622 SF
Lot
0.24 ac (10,369 SF)
Zoning code
C44D
APN
02853-0022
UPID
US63-1479855
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
-
Kennedy Chicken & Grill Restaurant Take-out & Catering
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$5.97M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$5.74M
Owner & transaction history
2-6 East Tremont Avenue LLC · 5 yrs held
2-6 East Tremont Avenue LLC
since 2021
Last sale
$5.5M
4 recorded transactions
Zoning & alternative use
C44D · Bronx, NY
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Retail stores
$8.3M
+470.7%
Auto repair, garage
$7.1M
+388.4%
Office building
$5.2M
+255.0%
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
$5,980,000
ML approach
$5,970,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
RETAIL STORES
$8,325,000
Change: +471% · Conversion: Difficult
AUTO REPAIR, GARAGE
$7,125,000
Change: +388% · Conversion: Difficult
OFFICE BUILDING
$5,180,000
Change: +255% · Conversion: Difficult
WAREHOUSE, STORAGE
$4,635,000
Change: +218% · Conversion: Difficult
INDUSTRIAL (GENERAL)
$4,390,000
Change: +201% · Conversion: Difficult
Blend value · Realmo final
$5.74M
Range $5.17M – $6.31M · ±10% · vs last sale $5.50M (Apr 27 2021)
Last sale anchor
$5.50M
Apr 27 2021
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
$84 / 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
$132,678
Tax year 2024
Assessed value
$1,252,620
Assessed 2024
Previous assessed
$162,000
+673.2% YoY
Effective rate
10.59%
On assessed value
Assessed land
$171,720
Assessed improvement
$1,080,900
Land market value
$468,000
Improvement market value
$2,402,000
Total market value
$2,870,000
Applied tax rate
4.0000
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
Schools
Use group
COLLEGE, UNIVERSITY, VOC SCHOOL
Status
Off-Market
Year built
2023
Heating
NONE
Buildings
1
Stories
8
Units
1
Total area
68,622 SF
Lot
0.24 ac (10,369 SF)
Zoning code
C44D
APN
02853-0022
UPID
US63-1479855
Jurisdiction
BRONX
Metro division
NEW YORK-WHITE PLAINS-WAYNE, NY-NJ METROPOLITAN DIVISION
Zoning & alternative use
C44D · Bronx, NY
Zoning C44D · permitted uses
C44D · 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
RETAIL STORES
Est. value
$8.3M
AUTO REPAIR, GARAGE
Est. value
$7.1M
OFFICE BUILDING
Est. value
$5.2M
WAREHOUSE, STORAGE
Est. value
$4.6M
INDUSTRIAL (GENERAL)
Est. value
$4.4M
RETAIL STORES
AUTO REPAIR, GARAGE
OFFICE BUILDING
WAREHOUSE, STORAGE
INDUSTRIAL (GENERAL)
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
Heating
NONE
Stories
8
Buildings
1
Units
1
Lot
0.24 ac
Current owner
From public records · entity-resolved
2-6 East Tremont Avenue LLC
Entity
Free & Clear · 5 yrs held
Mailing address
450 W 14TH ST FL #8, NEW YORK, NY 10014-1141
Ownership since
2021
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
4 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Apr 10, 2023
—
2-6 East Tremont Avenue LLC
—
Deed
related
$4,167,781 · M&t Bank
Apr 27, 2021
$5,500,000
2-6 East Tremont Avenue LLC
Arnold Blank, As Co-trustee
Deed
—
Feb 14, 2020
—
Blank,arnold Trust
Arnold Blank
Quit Claim Deed
—
Jan 6, 2020
—
Blank Amold
1956 Jerome Avenue LLC
Grant Deed
—
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?”
You own 1956 Jerome Ave?
List it free. Reach 20,000 daily buyers.
We’ve already pulled the facts. Confirm photos + price and you’re live in 2 minutes.
List this address →
Full reports are paid
Unlock the full Property Analytics report
Start free for 7 days — no card required. Full owner contacts, all 4 valuations with methodology, refine flow, comparable adjustments, foot-traffic deep dive, export to PDF / CSV.
