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Property profile & analytics
OFF-MARKET
Estimated value
$725,000
Retail properties & Spaces
2952 3rd Ave, Bronx, NY 10455-2565
Entity Owned
12-yr Hold
Free & Clear
Property ID
US63-0723492
Property summary
AI-generated overview
This exceptional 9,939 square foot retail space, located at 2952 Third Avenue in the Bronx, New York (zip code 10455), presents a unique investment opportunity. The property is classified as a mixed-use development and is currently vacant, offering immediate occupancy for a single tenant. The entire building comprises 9,939 square feet, providing ample space for a variety of retail businesses. Its strategic location in Bronx County offers excellent visibility and accessibility, making it an ideal location for businesses seeking high foot traffic and a strong customer base. The property's size and layout provide flexibility for customization to suit specific business needs. This is a single-tenant occupancy building, ensuring exclusive use of the entire space. The property is situated at 40.8179078 latitude and -73.9147807 longitude. This presents a rare chance to establish a significant presence in a thriving Bronx neighborhood. Serious inquiries are encouraged to explore the potential of this remarkable retail space. The property is available for lease.
Property profile
Verified
Property type
Retail properties & Spaces
Use group
DEPARTMENT STORE (MULTI-STORY)
Year built
1937
Total area
100,126 SF
Lot
0.65 ac (28,250 SF)
Zoning code
C4-4
APN
02362-0044
UPID
US63-0723492
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
-
Burlington Discount Store Home Goods Store
-
Amazon Locker - Speedboat Courier Service Postal Service
-
Five Below (Bike/Boat/Book/etc) Store
-
Marshalls Clothing Store Children'S Clothing Store
-
Amazon Locker - Felia Postal Service Courier Service
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$725k
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$725k
Owner & transaction history
Ca 2952 Third Avenue LLC · 12 yrs held
Ca 2952 Third Avenue LLC
since 2013
5 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
$725,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Blend value · Realmo final
$725k
Range $653k – $798k · ±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
$7 / 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
$1,090,409
Tax year 2024
Assessed value
$10,294,650
Assessed 2024
Previous assessed
$9,278,100
+11.0% YoY
Effective rate
10.59%
On assessed value
Assessed land
$1,271,250
Assessed improvement
$9,023,400
Land market value
$2,825,000
Improvement market value
$21,273,000
Total market value
$24,098,000
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 properties & Spaces
Use group
DEPARTMENT STORE (MULTI-STORY)
Status
Off-Market
Year built
1937
Heating
NONE
Buildings
1
Stories
3
Units
3
Total area
100,126 SF
Lot
0.65 ac (28,250 SF)
Zoning code
C4-4
APN
02362-0044
UPID
US63-0723492
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
1937
Heating
NONE
Stories
3
Buildings
1
Units
3
Lot
0.65 ac
Current owner
From public records · entity-resolved
Ca 2952 Third Avenue LLC
Entity
Free & Clear · 12 yrs held
Mailing address
1407 BROADWAY FL #41, NEW YORK, NY 10018-2348
Ownership since
2013
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
5 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Sep 8, 2017
—
Ca 2952 Third Avenue LLC
—
Loan Modification, Consolidation And Extension
related
$20,600,000 · Signature Bk
Sep 26, 2013
—
Ca 2952 Third Avenue LLC
2952 Third Ave Acquisition LLC
Quit Claim Deed
—
Jul 17, 2008
—
2952 Third Ave Acquisition LLC
—
Deed Of Trust
related
$17,500,000 · New York Community Bank
—
—
2952 Third Ave Acquisition LLC
—
Deed Of Trust
related
$5,830,219 · New York Community Bank
—
—
Ca 2952 Third Avenue LLC
—
Loan Modification
related
$16,000,000 · Israel Discount Bank New York
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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