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Property profile & analytics
OFF-MARKET
Estimated value
$3,085,000
Retail residential properties
3009 3rd Ave, Bronx, NY 10455-1211
Entity Owned
4-yr Hold
~
Est. High Equity
Property ID
US63-6072027
Property profile
Verified
Property type
Retail residential properties
Use group
STORES & APARTMENTS
Year built
1905
Total area
11,069 SF
Lot
0.15 ac (6,500 SF)
Zoning code
C4-4
APN
02376-0049
UPID
US63-6072027
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
-
Zoungrana llc Bank Credit Union
-
Ria Money Transfer - Zoungrana LLC Bank Credit Union
-
New Dong Fang Liquor Store (Bike/Boat/Book/etc) Store Wine and Liquor Store
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$3.29M
CAP Approach
CAP
$3.41M
Comparable Approach
Comparable
$3.03M
Blend (final)
Blend
$3.09M
Owner & transaction history
3007-09 3rd LLC · 4 yrs held
3007-09 3rd LLC
since 2021
Last sale
$3.0M
7 recorded transactions
Zoning & alternative use
C4-4 · Bronx, NY
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Warehouse, storage
$4.3M
+98.8%
Industrial (general)
$4.1M
+90.6%
Office building
$4.0M
+87.1%
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
$3,210,000
ML approach
$3,290,000
CAP Approach
CAP Return
Estimation
6%
$3,695,000
6.5%
$3,410,000
7%
$3,165,000
Alternative Use
Use
Estimation
COMMERCIAL (GENERAL)
$2,160,000
Current use
WAREHOUSE, STORAGE
$4,290,000
Change: +99% · Conversion: Difficult
INDUSTRIAL (GENERAL)
$4,115,000
Change: +91% · Conversion: Moderate
OFFICE BUILDING
$4,035,000
Change: +87% · Conversion: Easy
APARTMENT HOUSE (5+ UNITS)
$2,340,000
Change: +8% · Conversion: Moderate
Blend value · Realmo final
$3.09M
Range $2.78M – $3.39M · ±10% · vs last sale $2.95M (Oct 7 2021)
Last sale anchor
$2.95M
Oct 7 2021
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
$279 / 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
$78,290
Tax year 2024
Assessed value
$626,220
Assessed 2024
Previous assessed
$597,105
+4.9% YoY
Effective rate
12.50%
On assessed value
Assessed land
$166,950
Assessed improvement
$459,270
Land market value
$371,000
Improvement market value
$1,259,000
Total market value
$1,630,000
Applied tax rate
2.0000
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 residential properties
Use group
STORES & APARTMENTS
Status
Off-Market
Year built
1905
Heating
NONE
Buildings
1
Stories
4
Units
12
Total area
11,069 SF
Lot
0.15 ac (6,500 SF)
Zoning code
C4-4
APN
02376-0049
UPID
US63-6072027
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.
Alternative use value scenarios
Repositioning upside vs current use
COMMERCIAL (GENERAL) Current
Est. value
$2.2M
WAREHOUSE, STORAGE
Est. value
$4.3M
INDUSTRIAL (GENERAL)
Est. value
$4.1M
OFFICE BUILDING
Est. value
$4.0M
APARTMENT HOUSE (5+ UNITS)
Est. value
$2.3M
COMMERCIAL (GENERAL) Current
WAREHOUSE, STORAGE
INDUSTRIAL (GENERAL)
OFFICE BUILDING
APARTMENT HOUSE (5+ UNITS)
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
1905
Heating
NONE
Stories
4
Buildings
1
Units
12
Lot
0.15 ac
Current owner
From public records · entity-resolved
3007-09 3rd LLC
Entity
Mailing address
20 S BROADWAY STE #300, YONKERS, NY 10701-3723
Ownership since
2021
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
21 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Oct 18, 2021
—
3007-09 3rd LLC
—
Deed
related
$71,057 · Jpmorgan Chase Bank, N.a.
Oct 7, 2021
$2,950,000
3007-09 3rd LLC
Sobro Sharp IV LLC
Deed
$2,141,442 · Jpmorgan Chase Bank, N.a.
Jun 3, 2019
—
Sobro Sharp IV LLC Sobro Sharp
—
Deed
related
$4,411,000 · New York Cmnty Bk
Nov 24, 2014
—
Sobro Sharp IV LLC
—
Loan Modification, Consolidation And Extension
related
$1,220,000 · New York Cmnty Bk
Sep 13, 2011
—
Gates Place LLC
—
Deed Of Trust
related
$2,739,031 · New York Community Bank
Jun 22, 2007
—
Sobro Sharp II LLC
—
Deed Of Trust
related
$6,870,000 · New York Community Bank
Jun 12, 2007
$1,036,000
Sobro Sharp IV LLC
United States Of America-us Marsh
Grant Deed
$895,000 · New York Community Bank
—
—
Gates Place LLC
—
Deed Of Trust
related
$703,951 · New York Community Bank
—
—
Gates Place LLC
—
Deed Of Trust
related
$881,810 · New York Community Bank
—
—
Sobro Sharp IV LLC
—
Loan Modification, Consolidation And Extension
related
$1,220,000 · New York Cmnty Bk
—
—
Sobro Sharp IV LLC
—
Deed Of Trust
related
$895,000 · New York Community Bank
—
—
Sobro Sharp III LLC
—
Deed Of Trust
related
$680,000 · New York Community Bank
—
—
Sobro Sharp III LLC
—
Deed Of Trust
related
$455,000 · New York Community Bank
—
—
Sobro Sharp IV LLC
—
Deed Of Trust
related
$850,000 · New York Community Bank
—
—
Sobro Sharp III LLC
—
Deed Of Trust
related
$765,000 · New York Community Bank
—
—
Gates Place LLC
—
Deed Of Trust
related
$448,294 · New York Community Bank
—
—
Gates Place LLC
—
Deed Of Trust
related
$837,473 · New York Community Bank
—
—
Gates Place LLC
—
Deed Of Trust
related
$679,831 · New York Community Bank
—
—
Gates Place LLC
—
Deed Of Trust
related
$881,810 · New York Community Bank
—
—
Gates Place LLC
—
Deed Of Trust
related
$669,978 · New York Community Bank
—
—
Sobro Sharp IV LLC Sobro Sharp
—
Loan Modification
related
$4,411,000 · New York Cmnty Bk
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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