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Property profile & analytics
OFF-MARKET
Estimated value
$16,575,000
Specialty properties
2244 Westchester Ave Bronx, NY 10462-5010
Entity Owned
4-yr Hold
~
Est. High Equity
Property ID
US63-2283809
Property profile
Verified
Property type
Specialty properties
Use group
FUNERAL HOME
Year built
1970
Total area
29,819 SF
Lot
0.84 ac (36,750 SF)
Zoning code
R5
APN
03823-0007
UPID
US63-2283809
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
-
Ponce Bank Headquarters Bank Loan Service
-
Ponce Bank, Westchester Avenue Bank Loan Service
-
ponce deleon foundation Charitable Organization
-
Ponce Bank Bank Loan Service
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$10.33M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$16.58M
Owner & transaction history
Bronx Westchester A2 LLC · 4 yrs held
Bronx Westchester A2 LLC
since 2021
Last sale
$16.1M
1 recorded transaction
Zoning & alternative use
R5 · 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
$17,510,000
ML approach
$10,330,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Blend value · Realmo final
$16.58M
Range $14.92M – $18.23M · ±10% · vs last sale $16.11M (Dec 29 2021)
Last sale anchor
$16.11M
Dec 29 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
$556 / 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
$171,886
Tax year 2024
Assessed value
$2,084,040
Assessed 2024
Previous assessed
$1,738,260
+19.9% YoY
Effective rate
8.25%
On assessed value
Assessed land
$200,250
Assessed improvement
$1,883,790
Land market value
$445,000
Improvement market value
$7,296,000
Total market value
$7,741,000
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
Specialty properties
Use group
FUNERAL HOME
Status
Off-Market
Year built
1970
Heating
NONE
Buildings
1
Stories
2
Units
1
Total area
29,819 SF
Lot
0.84 ac (36,750 SF)
Zoning code
R5
APN
03823-0007
UPID
US63-2283809
Jurisdiction
BRONX
Metro division
NEW YORK-WHITE PLAINS-WAYNE, NY-NJ METROPOLITAN DIVISION
Zoning & alternative use
R5 · Bronx, NYZoning R5 · permitted uses
R5 · Bronx, NY
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Building & site characteristics
From public records
Year built
1970
Heating
NONE
Stories
2
Buildings
1
Units
1
Lot
0.84 ac
Current owner
From public records · entity-resolved
Bronx Westchester A2 LLC
Entity
Mailing address
1401 BROAD ST, CLIFTON, NJ 07013-4236
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
1 recorded event · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Dec 29, 2021
$16,106,000
Bronx Westchester A2 LLC
Pfs Service Corp.
Deed
$10,465,000 · Ponce 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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