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Property profile & analytics
OFF-MARKET
Estimated value
$9,875,000
Office buildings
2056 Morris Ave Bronx, NY 10453-3545
Entity Owned
4-yr Hold
~
Est. High Equity
Property ID
US63-5254319
Property profile
Verified
Property type
Office buildings
Use group
OFFICE BUILDING (MULTI-STORY)
Year built
1930
Total area
1,800 SF
Lot
0.02 ac (684 SF)
Zoning code
C44D
APN
03169-0001
UPID
US63-5254319
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
-
Equis pica pollo Restaurant
-
School of rizzard College
-
Sweetie Restaurant Restaurant
-
A R Deli Grocery Grocery & Convenience Store Distribution Center
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$9.74M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$9.88M
Owner & transaction history
101 East Burnside LLC · 4 yrs held
101 East Burnside LLC
since 2022
Last sale
$9.9M
7 recorded transactions
Zoning & alternative use
C44D · 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
Method
Estimation
Statistic approach
$10,055,000
ML approach
$9,740,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Blend value · Realmo final
$9.88M
Range $8.89M – $10.86M · ±10% · vs last sale $9.85M (Jun 1 2022)
Last sale anchor
$9.85M
Jun 1 2022
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
$5,486 / 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
$810
Tax year 2024
Assessed value
$219,450
Assessed 2024
Previous assessed
$212,850
+3.1% YoY
Effective rate
0.37%
On assessed value
Assessed land
$7,694
Assessed improvement
$211,756
Land market value
$17,000
Improvement market value
$461,000
Total market value
$478,000
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
Office buildings
Use group
OFFICE BUILDING (MULTI-STORY)
Status
Off-Market
Year built
1930
Heating
NONE
Buildings
1
Stories
3
Units
2
Total area
1,800 SF
Lot
0.02 ac (684 SF)
Zoning code
C44D
APN
03169-0001
UPID
US63-5254319
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.
Building & site characteristics
From public records
Year built
1930
Heating
NONE
Stories
3
Buildings
1
Units
2
Lot
0.02 ac
Current owner
From public records · entity-resolved
101 East Burnside LLC
Entity
Mailing address
1045 E 7TH ST, BROOKLYN, NY 11230-3501
Ownership since
2022
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
11 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jun 1, 2022
$9,850,000
101 East Burnside LLC
Eib Burnside LLC
Deed
$5,500,000 · Manufacturers And Traders Trust Com
Jun 1, 2022
—
Eib Burnside LLC
Eib Burnside LLC
Deed
related
$1,400,000 · Signature Bank
Jan 2, 2019
—
Eib Westchester I LLC
—
Grant Deed
related
$2,041,401 · Manufacturers & Traders Tr
Jul 5, 2016
—
Eib Westchester I LLC
—
Deed
related
$32,370,000 · Oritani Fin
Jan 8, 2014
$10,000,000
Eib Burnside LLC
101 E Burnside Partners LLC
Grant Deed
—
Mar 14, 2006
$1,000,000
101 E Burnside Partners LLC
Kimball Check Cashing Corp
Grant Deed
$700,000 · Country Bank
—
—
Eib Burnside LLC
—
Loan Modification
related
$32,370,000 · Oritani Fin
—
—
Eib Westchester I LLC
—
Deed Of Trust
related
$6,926,832 · Oritani Fin
—
—
Eib Westchester I LLC
—
Loan Modification
related
$28,405,000 · Oritani Fin
—
—
Eib Westchester I LLC
—
Loan Modification
related
$32,370,000 · Oritani Fin
—
—
101 E Burnside Partners LLC
—
Deed Of Trust
related
$5,400,000 · Signature Bank
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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