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Property profile & analytics
OFF-MARKET
Estimated value
$725,000
Industrial properties
2329 Story Ave Bronx, NY 10473-1117
Entity Owned
19-yr Hold
~
Est. High Equity
Property ID
US63-6189302
Property summary
AI-generated overview
This exceptional investment opportunity presents a single-story, 2,731 sq ft convenience store located at 2329 Story Ave, The Bronx, NY 10473, situated on a sizable lot. Built in 1979, this well-maintained brick building is in mint condition and boasts a desirable F9 zoning classification. Currently owner-occupied by an established construction company, the property will be delivered vacant upon sale. The interior features five offices, a warehouse for storage, a kitchen area, and a brand-new bathroom. Recent upgrades include a new central air/heating unit, a gas boiler, glass security doors, a garage door, and new windows. Conveniently located near major highways including I95, I278, I295, I287, I895, and the George Washington Bridge, this property offers unparalleled accessibility. A two-car driveway provides ample parking. The asking price is $1,100,000. The property was listed on June 10, 2024, and the listing expires December 10, 2024. The cross street is Zerega Ave. This is an ideal opportunity for owner-users or investors seeking a high-return property in a thriving Bronx neighborhood.
Property profile
Verified
Property type
Industrial properties
Use group
INDUSTRIAL (GENERAL)
Year built
1979
Total area
2,253 SF
Lot
0.06 ac (2,731 SF)
Zoning code
R3-2
APN
03699-0071
UPID
US63-6189302
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
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$947k
Blend (final)
Blend
$725k
Owner & transaction history
Gds Properties LLC · 19 yrs held
Gds Properties LLC
since 2006
1 recorded transaction
Zoning & alternative use
R3-2 · Bronx, NY
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Warehouse, storage
$875,000
+4.3%
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
by Request
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
INDUSTRIAL (GENERAL)
$835,000
Current use
WAREHOUSE, STORAGE
$875,000
Change: +4% · Conversion: Easy
OFFICE BUILDING
$820,000
Change: -2% · Conversion: Difficult
Blend value · Realmo final
$725k
Range $653k – $798k · ±10%
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
$322 / 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
$9,943
Tax year 2024
Assessed value
$93,870
Assessed 2024
Previous assessed
$88,830
+5.7% YoY
Effective rate
10.59%
On assessed value
Assessed land
$22,950
Assessed improvement
$70,920
Land market value
$51,000
Improvement market value
$199,000
Total market value
$250,000
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
Industrial properties
Use group
INDUSTRIAL (GENERAL)
Status
Off-Market
Year built
1979
Heating
NONE
Buildings
1
Stories
1
Units
1
Total area
2,253 SF
Lot
0.06 ac (2,731 SF)
Zoning code
R3-2
APN
03699-0071
UPID
US63-6189302
Jurisdiction
BRONX
Metro division
NEW YORK-WHITE PLAINS-WAYNE, NY-NJ METROPOLITAN DIVISION
Zoning & alternative use
R3-2 · Bronx, NYZoning R3-2 · permitted uses
R3-2 · Bronx, NY
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Alternative use value scenarios
Repositioning upside vs current use
INDUSTRIAL (GENERAL) Current
Est. value
$835,000
WAREHOUSE, STORAGE
Est. value
$875,000
OFFICE BUILDING
Est. value
$820,000
INDUSTRIAL (GENERAL) Current
WAREHOUSE, STORAGE
OFFICE BUILDING
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
1979
Heating
NONE
Stories
1
Buildings
1
Units
1
Lot
0.06 ac
Current owner
From public records · entity-resolved
Gds Properties LLC
Entity
Mailing address
2329 STORY AVE, BRONX, NY 10473-1117
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
2006
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
Oct 31, 2006
$400,000
Gds Properties LLC
Fiorini,antoinette & Richard
Grant Deed
$250,000 · Richard & Antoinette Fiorini
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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