New search
Property profile & analytics
OFF-MARKET
Estimated value
$2,375,000
Apartment buildings
2390 Morris Ave 71, Bronx, NY 10468-6678
Entity Owned
5-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US63-1272489
Property profile
Verified
Property type
Apartment buildings
Use group
APARTMENT HOUSE (5+ UNITS)
Year built
1930
Total area
73,734 SF
Lot
0.42 ac (18,437 SF)
Zoning code
R8
APN
03173-0005
UPID
US63-1272489
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
by Request
Blend (final)
Blend
$2.38M
Owner & transaction history
2396 Morris LLC · 5 yrs held
2396 Morris LLC
since 2020
6 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
$32 / 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
$131,646
Tax year 2024
Assessed value
$1,299,690
Assessed 2024
Previous assessed
$1,264,500
+2.8% YoY
Effective rate
10.13%
On assessed value
Assessed land
$166,050
Assessed improvement
$1,133,640
Land market value
$369,000
Improvement market value
$1,971,000
Total market value
$2,340,000
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
1930
Heating
NONE
Buildings
1
Stories
6
Units
71
Total area
73,734 SF
Lot
0.42 ac (18,437 SF)
Zoning code
R8
APN
03173-0005
UPID
US63-1272489
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
1930
Heating
NONE
Stories
6
Buildings
1
Units
71
Lot
0.42 ac
Current owner
From public records · entity-resolved
2396 Morris LLC
Entity
Mailing address
2562 BRIGGS AVE, BRONX, NY 10458-4605
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2020
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
6 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jul 31, 2020
—
2396 Morris LLC
—
Deed
related
$2,400,000 · New York Cmnty Bk
—
—
2396 Morris LLC
—
Loan Modification
related
$2,405,594 · New York Cmnty Bk
—
—
2396 Morris LLC
—
Deed Of Trust
related
$2,500,000 · New York Community Bank
—
—
2396 Morris LLC
—
Loan Modification
related
$2,400,000 · New York Cmnty Bk
—
—
2396 Morris LLC
—
Deed Of Trust
related
$391,412 · Independence Community Bank
—
—
2396 Morris LLC
—
Deed Of Trust
related
$1,433,452 · New York Community 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.
Try Rey
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