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Property profile & analytics
OFF-MARKET
Estimated value
$11,750,000
Warehouses
2385 Pinkney Ave, Bronx, NY 10475
Entity Owned
1-yr Hold
~
Est. High Equity
Property ID
US63-3387491
Property profile
Verified
Property type
Warehouses
Use group
MINI-WAREHOUSE, STORAGE
Year built
1973
Total area
66,718 SF
Lot
0.87 ac (38,100 SF)
Zoning code
M2-1
APN
05286-0015
UPID
US63-3387491
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
$11.97M
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$11.75M
Owner & transaction history
Shs Glenwood LLC · 1 yrs held
Shs Glenwood LLC
since 2024
7 recorded transactions
Zoning & alternative use
M2-1 · 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
by Request
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
$12,960,000
6.5%
$11,965,000
7%
$11,110,000
Blend value · Realmo final
$11.75M
Range $10.58M – $12.93M · ±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
$176 / 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
$320,416
Tax year 2024
Assessed value
$3,025,080
Assessed 2024
Previous assessed
$2,999,250
+0.9% YoY
Effective rate
10.59%
On assessed value
Assessed land
$207,000
Assessed improvement
$2,818,080
Land market value
$460,000
Improvement market value
$6,406,000
Total market value
$6,866,000
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
Warehouses
Use group
MINI-WAREHOUSE, STORAGE
Status
Off-Market
Year built
1973
Heating
NONE
Buildings
1
Stories
2
Units
1
Total area
66,718 SF
Lot
0.87 ac (38,100 SF)
Zoning code
M2-1
APN
05286-0015
UPID
US63-3387491
Jurisdiction
BRONX
Metro division
NEW YORK-WHITE PLAINS-WAYNE, NY-NJ METROPOLITAN DIVISION
Zoning & alternative use
M2-1 · Bronx, NY
Zoning M2-1 · permitted uses
M2-1 · 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
1973
Heating
NONE
Stories
2
Buildings
1
Units
1
Lot
0.87 ac
Current owner
From public records · entity-resolved
Shs Glenwood LLC
Entity
Mailing address
651 WILLOWBROOK RD STE #203, STATEN ISLAND, NY 10314-6827
Mailing matches property
Yes
Owner-occupied
Yes
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
7 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Dec 31, 2024
—
Shs Glenwood LLC
—
Deed
related
$10,699,329 · Pgim Real Estate Finance, LLC
Feb 12, 2020
—
Shs Pelham LLC
—
Deed
related
$3,000,000 · Miscellaneous Ins Co
—
—
Shs Pelham LLC
—
Deed Of Trust
related
$9,200,000 · Miscellaneous Ins Co
—
—
Shs Pelham LLC
—
Loan Modification
related
$3,000,000 · Miscellaneous Ins Co
—
—
Shs Pelham LLC
—
Loan Modification
related
$3,000,000 · Miscellaneous Ins Co
—
—
Shs Pelham LLC
—
Deed Of Trust
related
$694,255 · Miscellaneous Ins Co
—
—
Shs Pelham LLC
—
Loan Modification, Consolidation And Extension
related
$3,000,000 · Miscellaneous Ins Co
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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