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Property profile & analytics
OFF-MARKET
Estimated value
$3,115,000
Apartment buildings
2388 Creston Ave, Bronx, NY 10468-6722
Entity Owned
13-yr Hold
~
Est. High Equity
Property ID
US63-6168538
Property profile
Verified
Property type
Apartment buildings
Use group
APARTMENT HOUSE (5+ UNITS)
Year built
2013
Total area
62,535 SF
Lot
0.22 ac (9,500 SF)
Zoning code
R8
APN
03165-0010
UPID
US63-6168538
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
-
Wolff chess ️ High School
-
Lady T Hair Clothing & Fashion Store (Bike/Boat/Book/etc) Store
-
BJs Pelham Manor Bakery Specialty Food Shop
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$3.12M
Owner & transaction history
Avenue Hsng Dev Fund C Creston · 13 yrs held
Avenue Hsng Dev Fund C Creston
since 2012
5 recorded transactions
Zoning & alternative use
R8 · 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
CAP Approach
Comparable Approach
Alternative Use
Get a detailed, property-specific estimation — fast and free
Price per SF
Sale + rent benchmarks
Subject property
$50 / 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
Assessed value
$1,218,330
Assessed 2024
Previous assessed
$1,283,850
-5.1% YoY
Assessed land
$192,150
Assessed improvement
$1,026,180
Land market value
$285,000
Improvement market value
$2,525,000
Total market value
$2,810,000
Applied tax rate
2.0000
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
Apartment buildings
Use group
APARTMENT HOUSE (5+ UNITS)
Status
Off-Market
Year built
2013
Heating
NONE
Buildings
1
Stories
10
Units
66
Total area
62,535 SF
Lot
0.22 ac (9,500 SF)
Zoning code
R8
APN
03165-0010
UPID
US63-6168538
Jurisdiction
BRONX
Metro division
NEW YORK-WHITE PLAINS-WAYNE, NY-NJ METROPOLITAN DIVISION
Zoning & alternative use
R8 · Bronx, NY
Zoning R8 · permitted uses
R8 · 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
2013
Heating
NONE
Stories
10
Buildings
1
Units
66
Lot
0.22 ac
Current owner
From public records · entity-resolved
Avenue Hsng Dev Fund C Creston
Entity
Mailing address
135 W 50TH ST FL #9, NEW YORK, NY 10020-1201
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
2012
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
5 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Aug 23, 2012
$1,767,040
Avenue Hsng Dev Fund C Creston
Pioneer Parking LLC
Grant Deed
related
$1,592,262 · New York City Acquisition Fund
Jun 24, 2005
$290,000
Lardon East 72nd LLC
Manhattan Greenpoint Ltd
Grant Deed
—
—
—
Creston Avenue LP Residence
—
Deed Of Trust
related
$680,000 · Volunteers/america-greater New
—
—
Creston Avenue LP Residence
—
Deed Of Trust
related
$11,400 · Florida Housing Finance Agency
—
—
Creston Avenue LP Residence
—
Deed Of Trust
related
$170,113 · Volunteers/america-greater New
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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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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