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Property profile & analytics
OFF-MARKET
Estimated value
$4,185,000
Retail space
2481-2485 Creston Ave Bronx, NY 10468
Entity Owned
1-yr Hold
Free & Clear
Property ID
US63-6211317
Property profile
Verified
Property type
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Year built
1955
Total area
14,662 SF
Lot
0.2 ac (8,900 SF)
Zoning code
C4-4
APN
03174-0030
UPID
US63-6211317
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
$4.75M
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$4.19M
Owner & transaction history
2481 Realty LLC · 1 yrs held
2481 Realty LLC
since 2025
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
Method
Estimation
Statistic approach
by Request
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
$5,145,000
6.5%
$4,750,000
7%
$4,410,000
Blend value · Realmo final
$4.19M
Range $3.77M – $4.60M · ±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
$285 / 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
$154,050
Tax year 2024
Assessed value
$1,565,010
Assessed 2024
Previous assessed
$1,652,400
-5.3% YoY
Effective rate
9.84%
On assessed value
Assessed land
$450,000
Assessed improvement
$1,115,010
Land market value
$1,000,000
Improvement market value
$2,232,000
Total market value
$3,232,000
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
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Status
Off-Market
Year built
1955
Heating
NONE
Buildings
1
Stories
1
Units
2
Total area
14,662 SF
Lot
0.2 ac (8,900 SF)
Zoning code
C4-4
APN
03174-0030
UPID
US63-6211317
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
1955
Heating
NONE
Stories
1
Buildings
1
Units
2
Lot
0.2 ac
Current owner
From public records · entity-resolved
2481 Realty LLC
Entity
Free & Clear · 1 yrs held
Mailing address
PO BOX 20449, FLORAL PARK, NY 11002-0449
Ownership since
2025
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
8 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jan 15, 2025
$7,075,000
2481 Realty LLC
2481-85 Creston LLC
Deed
—
Jul 12, 2018
—
2481-85 Creston LLC
—
Deed
related
$5,500,000 · Jpmorgan Chase Bk NA
Jan 20, 2015
$8,850,000
2481-85 Creston LLC
2481 Creston LLC
Deed
$933,962 · Jpmorgan Chase Bank, N.a.
Jan 20, 2015
—
2481-85 Creston LLC
—
Loan Modification, Consolidation And Extension
related
$5,500,000 · Jp Morgan Chase Bk
May 6, 2013
$6,425,000
2481 Creston LLC
Fgp West Street LLC
Grant Deed
$4,717,000 · Oritani Fin
Aug 10, 2007
$7,040,717
Fgp West Street LLC
Citibank NA
Grant Deed
—
—
—
2481 Creston LLC
—
Loan Modification
related
—
—
—
2481-85 Creston LLC
—
Loan Modification
related
$5,500,000 · Jpmorgan Chase Bk NA
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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