Back to Search
Property profile & analytics
OFF-MARKET
Estimated value
$3,710,000
Investment properties
2704 Tremont Ave Bronx, NY 10461-2819
Trust Owned
3-yr Hold
~
Est. High Equity
Property ID
US63-3230784
Property profile
Verified
Property type
Investment properties
Use group
STORE/OFFICE (MIXED USE)
Year built
1909
Total area
7,318 SF
Lot
0.16 ac (6,911 SF)
Zoning code
R6
APN
03988-0018
UPID
US63-3230784
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
-
Goldman Scott Law Firm
-
K.E.R.F. Corp. Training Center
-
A&D eyelashes Hair Salon Nail Salon
-
Kabeya Tax Services Tax Preparation
-
Juicy King Crab Express Restaurant
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$3.59M
CAP Approach
CAP
$2.26M
Comparable Approach
Comparable
$2.35M
Blend (final)
Blend
$3.71M
Owner & transaction history
3269 Third Avenue Trust · 3 yrs held
3269 Third Avenue Trust
since 2023
Last sale
$3.9M
2 recorded transactions
Zoning & alternative use
R6 · Bronx, NY
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Auto repair, garage
$5.3M
+195.0%
Retail stores
$4.3M
+140.6%
Office building
$3.1M
+69.6%
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
$3,450,000
ML approach
$3,590,000
CAP Approach
CAP Return
Estimation
6%
$2,440,000
6.5%
$2,255,000
7%
$2,095,000
Alternative Use
Use
Estimation
AUTO REPAIR, GARAGE
$5,325,000
Change: +195% · Conversion: Difficult
RETAIL STORES
$4,345,000
Change: +141% · Conversion: Easy
OFFICE BUILDING
$3,065,000
Change: +70% · Conversion: Easy
WAREHOUSE, STORAGE
$2,835,000
Change: +57% · Conversion: Difficult
INDUSTRIAL (GENERAL)
$2,720,000
Change: +51% · Conversion: Moderate
Blend value · Realmo final
$3.71M
Range $3.34M – $4.08M · ±10% · vs last sale $3.90M (Jan 19 2023)
Last sale anchor
$3.90M
Jan 19 2023
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
$507 / 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
$55,481
Tax year 2024
Assessed value
$523,800
Assessed 2024
Previous assessed
$518,220
+1.1% YoY
Effective rate
10.59%
On assessed value
Assessed land
$148,500
Assessed improvement
$375,300
Land market value
$330,000
Improvement market value
$960,000
Total market value
$1,290,000
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
Investment properties
Use group
STORE/OFFICE (MIXED USE)
Status
Off-Market
Year built
1909
Heating
NONE
Buildings
1
Stories
2
Units
9
Total area
7,318 SF
Lot
0.16 ac (6,911 SF)
Zoning code
R6
APN
03988-0018
UPID
US63-3230784
Jurisdiction
BRONX
Metro division
NEW YORK-WHITE PLAINS-WAYNE, NY-NJ METROPOLITAN DIVISION
Zoning & alternative use
R6 · Bronx, NY
Zoning R6 · permitted uses
R6 · 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
AUTO REPAIR, GARAGE
Est. value
$5.3M
RETAIL STORES
Est. value
$4.3M
OFFICE BUILDING
Est. value
$3.1M
WAREHOUSE, STORAGE
Est. value
$2.8M
INDUSTRIAL (GENERAL)
Est. value
$2.7M
AUTO REPAIR, GARAGE
RETAIL STORES
OFFICE BUILDING
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
1909
Heating
NONE
Stories
2
Buildings
1
Units
9
Lot
0.16 ac
Current owner
From public records · entity-resolved
3269 Third Avenue Trust
Trust
Mailing address
12 LAWRENCE AVE, BROOKLYN, NY 11230-1002
Ownership since
2023
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
2 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jan 19, 2023
$3,900,000
3269 Third Avenue Trust
L.l. & S. Fairmont Co. LLC
Deed
$2,730,000 · L.l. & S. Fairmont Co. LLC
Nov 13, 2007
—
L L & S Fairmount Co LLC
Lifrieri,pasquale A
Grant Deed
related
—
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?”
You own 2704 Tremont Ave?
List it free. Reach 20,000 daily buyers.
We’ve already pulled the facts. Confirm photos + price and you’re live in 2 minutes.
List this address →
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.
