New search
Property profile & analytics
FOR LEASE
Office buildings
2417 3Rd Ave, Bronx, NY 10451
Entity Owned
6-yr Hold
~
Est. High Equity
Property ID
US63-1942815
For Lease
1 / 2
Contact for pricing
2417 3Rd Ave, Bronx, NY 10451
View Listing →
Property profile
Verified
Property type
Office buildings
Use group
OFFICE BUILDING (MULTI-STORY)
Year built
1928
Total area
154,380 SF
Lot
0.46 ac (19,888 SF)
Zoning code
M13R8
APN
02319-0100
UPID
US63-1942815
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
-
A Digital Difference Corporate Office Business Park
-
NYC Goju Training Center Sports School
-
Nicholson & Galloway Inc Roofing Company General Contractor
-
The Sylvia Center Charitable Organization Social Service Agency
-
Sheila Kusi-Asare Foster Care Service Social Service Agency
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$63.45M
Comparable Approach
Comparable
$48.52M
Blend (final)
Blend
$63.11M
Owner & transaction history
Bruckner Partners LLC · 6 yrs held
Bruckner Partners LLC
since 2020
Last sale
$64.7M
7 recorded transactions
Zoning & alternative use
M13R8 · Bronx, NY
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Retail stores
$91.7M
+62.8%
Warehouse, storage
$59.8M
+6.3%
Industrial (general)
$57.4M
+1.9%
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
$74,200,000
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
$68,730,000
6.5%
$63,445,000
7%
$58,910,000
Alternative Use
Use
Estimation
OFFICE BUILDING
$56,305,000
Current use
RETAIL STORES
$91,655,000
Change: +63% · Conversion: Moderate
WAREHOUSE, STORAGE
$59,840,000
Change: +6% · Conversion: Difficult
INDUSTRIAL (GENERAL)
$57,365,000
Change: +2% · Conversion: Difficult
Blend value · Realmo final
$63.11M
Range $56.79M – $69.42M · ±10% · vs last sale $64.68M (Jan 9 2020)
Last sale anchor
$64.68M
Jan 9 2020
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
$409 / 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
$1,064,127
Tax year 2024
Assessed value
$10,046,520
Assessed 2024
Previous assessed
$9,625,326
+4.4% YoY
Effective rate
10.59%
On assessed value
Assessed land
$268,650
Assessed improvement
$9,777,870
Land market value
$597,000
Improvement market value
$24,674,000
Total market value
$25,271,000
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
Office buildings
Use group
OFFICE BUILDING (MULTI-STORY)
Status
For Lease
Year built
1928
Heating
NONE
Buildings
1
Stories
8
Units
45
Total area
154,380 SF
Lot
0.46 ac (19,888 SF)
Zoning code
M13R8
APN
02319-0100
UPID
US63-1942815
Jurisdiction
BRONX
Metro division
NEW YORK-WHITE PLAINS-WAYNE, NY-NJ METROPOLITAN DIVISION
Zoning & alternative use
M13R8 · Bronx, NY
Zoning M13R8 · permitted uses
M13R8 · 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.
Alternative use value scenarios
Repositioning upside vs current use
OFFICE BUILDING Current
Est. value
$56.3M
RETAIL STORES
Est. value
$91.7M
WAREHOUSE, STORAGE
Est. value
$59.8M
INDUSTRIAL (GENERAL)
Est. value
$57.4M
OFFICE BUILDING Current
RETAIL STORES
WAREHOUSE, STORAGE
INDUSTRIAL (GENERAL)
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
1928
Heating
NONE
Stories
8
Buildings
1
Units
45
Lot
0.46 ac
Current owner
From public records · entity-resolved
Bruckner Partners LLC
Entity
Mailing address
1450 BROADWAY FL #18, NEW YORK, NY 10018-2216
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
13 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Apr 11, 2022
—
Bruckner II LLC
—
Deed
related
$71,000,000 · Goldman Sachs Bank USA
Jan 9, 2020
$64,680,163
Bruckner Partners LLC
Sobro Lofts LLC
Grant Deed
$15,384,235 · Ladder Cap Fin
Jan 9, 2020
—
Bruckner Partners LLC
—
Deed
related
$44,840,000 · Ladder Cap Fin
Mar 11, 2015
$30,570,000
Sobro Lofts LLC
Madhatters Realty INC
Deed
$10,579,006 · Pacific Western National Bank
Jul 30, 2009
—
Madhattere Rlty INC
—
Deed Of Trust
related
$6,000,000 · Wilshire State Bank
—
—
Madhatters Realty INC
—
Deed Of Trust
related
$2,000,000 · Wilshire State Bank
—
—
Madhattere Rlty INC
—
Deed Of Trust
related
$1,060,987 · Wilshire State Bank
—
—
Bruckner Partners LLC
—
Loan Modification
related
$44,840,000 · Ladder Cap Fin
—
—
Madhatters Realty INC
—
Deed Of Trust
related
$1,000,000 · Shinhan Bank
—
—
Madhatters Realty INC
—
Deed Of Trust
related
$771,031 · Wilshire Bk
—
—
Madhatter Realty INC
—
Loan Modification, Consolidation And Extension
related
$8,000,000 · Wilshire Bk
—
—
Madhatters Realty INC
—
Deed Of Trust
related
$1,383,388 · Chb America Bank
—
—
Madhatters Realty INC
—
Deed Of Trust
related
$1,000,000 · Shinhan 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
Ask anything about this address in plain English.
“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
Full reports are paid
Unlock the full Property Analytics report
Start free for 7 days — no card required. Full owner contacts, all 4 valuations with methodology, refine flow, comparable adjustments, foot-traffic deep dive, export to PDF / CSV.
