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Property profile & analytics
OFF-MARKET
Estimated value
$31,760,000
Office buildings
2432 Grand Concourse, Bronx, NY 10458-5204
Entity Owned
~
Est. High Equity
Property ID
US63-1940404
Property profile
Verified
Property type
Office buildings
Use group
OFFICE BUILDING (MULTI-STORY)
Year built
1917
Total area
164,625 SF
Lot
0.84 ac (36,675 SF)
Zoning code
C4-4
APN
03152-0060
UPID
US63-1940404
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
-
SMC General Contracting Inc Construction Company General Contractor
-
Poe Garages Auto Repair Shop
-
Immotion Inc Law Firm
-
Andersen Kirsten A Physician Medical Clinic
-
Poe Building Apartment Building
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$31.76M
Owner & transaction history
Poe Owner LLC
Poe Owner LLC
since 2026
7 recorded transactions
Zoning & alternative use
C4-4 · 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
$193 / 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
$906,062
Tax year 2024
Assessed value
$9,944,529
Assessed 2024
Previous assessed
$9,617,850
+3.4% YoY
Effective rate
9.11%
On assessed value
Assessed land
$412,650
Assessed improvement
$9,531,879
Land market value
$917,000
Improvement market value
$23,355,000
Total market value
$24,272,000
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
Off-Market
Year built
1917
Heating
NONE
Buildings
1
Stories
5
Units
24
Total area
164,625 SF
Lot
0.84 ac (36,675 SF)
Zoning code
C4-4
APN
03152-0060
UPID
US63-1940404
Jurisdiction
BRONX
Metro division
NEW YORK-WHITE PLAINS-WAYNE, NY-NJ METROPOLITAN DIVISION
Zoning & alternative use
C4-4 · Bronx, NY
Zoning C4-4 · permitted uses
C4-4 · 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
1917
Heating
NONE
Stories
5
Buildings
1
Units
24
Lot
0.84 ac
Current owner
From public records · entity-resolved
Poe Owner LLC
Entity
Mailing address
2 BAY CLB DR APT 4T, BAYSIDE, NY 11360-2920
Ownership since
2026
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
12 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Feb 17, 2026
—
Poe Owner LLC
Poe Affiliates, L.p.
Deed
$1,530,738 · German American Capital Corporation
Jan 2, 2025
—
Berkowitz Marji
Berkowitz Marji
Deed
related
—
Nov 21, 2023
—
2019 Renee Trust
Renee Navon, Trustee
Deed
—
Oct 24, 2023
—
Adam Schur Irrevocable Trust
Estate Of Michael Rosenblum
Deed
—
Dec 7, 2022
—
Marcy Gray
Estate Of Lucille Gray
Intrafamily Transfer
related
—
Apr 7, 2022
—
Elisa Friedman Trust
Elisa Friedman
Deed
—
Nov 30, 2018
—
Poe Affiliates LP
—
Deed
related
$12,000,000 · Santander Bk NA
Jan 27, 2006
—
Peo Affiliates
Poe Affiliates
Grant Deed
related
—
—
—
Poe Affiliates LP
—
Loan Modification
related
$12,000,000 · Santander Bk NA
—
—
Poe Affiliates LP
—
Deed Of Trust
related
$10,500,000 · Sovereign Bank
—
—
Poe Affiliates LP
—
Deed Of Trust
related
$1,254,220 · Sovereign Bank
—
—
Poe Affiliates
—
Deed Of Trust
related
$8,152,034 · Independence 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.
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