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Property profile & analytics
OFF-MARKET
Estimated value
$600,000
Apartment buildings
196 Park St 198, Hartford, CT 06106-2549
Entity Owned
1-yr Hold
Absentee Owner
Property ID
US15-0287574
Property profile
Verified
Property type
Apartment buildings
Use group
APARTMENT HOUSE (5+ UNITS)
Year built
1890
Construction
FRAME
Total area
7,128 SF
Lot
0.11 ac (4,792 SF)
Zoning code
MS-2
APN
HTFD M:248 B:450 L:026
UPID
US15-0287574
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
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$600k
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$619k
Blend (final)
Blend
$600k
Owner & transaction history
Park St Realty LLC · 1 yrs held
Park St Realty LLC
since 2024
Last sale
$600,000
3 recorded transactions
Zoning & alternative use
MS-2 · Hartford, CT
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Retail stores
$720,000
+2.0%
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 Hartford submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Hartford 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
$600,000
ML approach
$600,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
APARTMENT HOUSE (5+ UNITS)
$705,000
Current use
RETAIL STORES
$720,000
Change: +2% · Conversion: Difficult
AUTO REPAIR, GARAGE
$640,000
Change: -10% · Conversion: Difficult
Blend value · Realmo final
$600k
Range $540k – $660k · ±10% · vs last sale $600k (Oct 11 2024)
Last sale anchor
$600k
Oct 11 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
$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
$18,326
Tax year 2024
Assessed value
$259,910
Assessed 2024
Previous assessed
$259,910
+0.0% YoY
Effective rate
7.05%
On assessed value
Assessed land
$26,320
Assessed improvement
$233,590
Comparables
6 recent transactions · within 1.5 miComparable in this city
6 recent transactions
Comparable in this City
Similar Nearby for Sale
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
Apartment buildings
Use group
APARTMENT HOUSE (5+ UNITS)
Status
Off-Market
Year built
1890
Construction
FRAME
Heating
HOT WATER
Buildings
1
Stories
3
Units
6
Rooms
30
Total area
7,128 SF
Lot
0.11 ac (4,792 SF)
Zoning code
MS-2
APN
HTFD M:248 B:450 L:026
UPID
US15-0287574
Jurisdiction
HARTFORD
Zoning & alternative use
MS-2 · Hartford, CT
Zoning MS-2 · permitted uses
MS-2 · Hartford, CT
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Hartford. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
APARTMENT HOUSE (5+ UNITS) Current
Est. value
$705,000
RETAIL STORES
Est. value
$720,000
AUTO REPAIR, GARAGE
Est. value
$640,000
APARTMENT HOUSE (5+ UNITS) Current
RETAIL STORES
AUTO REPAIR, GARAGE
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
1890
Construction
FRAME
Heating
HOT WATER
Stories
3
Buildings
1
Units
6
Rooms
30
Lot
0.11 ac
Current owner
From public records · entity-resolved
Park St Realty LLC
Entity
Mailing address
199 LEE AVE #437, BROOKLYN, NY 11211-8919
Mailing matches property
Different — outreach signal
Owner-occupied
No
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
3 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Oct 11, 2024
$600,000
Park St Realty LLC
Christian Bajonero
Warranty Deed
$450,000 · Bpl Mortgage Trust LLC
Dec 1, 2006
$350,000
Roberto Bajonero
Park Street T
Warranty Deed
$280,000 · Silver Hill Fncl LLC
Dec 1, 2006
—
Roberto Bajonero
—
Deed Of Trust
related
$17,500 · Silver Hill Financial LLC
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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