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Property profile & analytics
FOR LEASE
Retail space
3037 3Rd Ave Bronx, NY 10455
Entity Owned
4-yr Hold
~
Est. High Equity
Property ID
US63-0726995
For Lease
1 / 3
Contact for pricing
3037 3Rd Ave, Bronx, NY 10455
View Listing →
Property profile
Verified
Property type
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Year built
1991
Total area
8,600 SF
Lot
0.2 ac (8,600 SF)
Zoning code
C4-4
APN
02377-0049
UPID
US63-0726995
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
-
MyTax2go Tax Preparation
-
Blazin Smoke Shop (Bike/Boat/Book/etc) Store
-
Holland Textiles USA Big Box & Wholesale Store
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$7.97M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$7.42M
Blend (final)
Blend
$8.31M
Owner & transaction history
3037 Partners LLC · 4 yrs held
3037 Partners LLC
since 2022
Last sale
$6.2M
2 recorded transactions
Zoning & alternative use
C4-4 · Bronx, NY
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Auto repair, garage
$6.3M
+22.6%
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
$8,305,000
ML approach
$7,970,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
RETAIL STORES
$5,105,000
Current use
AUTO REPAIR, GARAGE
$6,260,000
Change: +23% · Conversion: Difficult
Blend value · Realmo final
$8.31M
Range $7.47M – $9.14M · ±10% · vs last sale $6.15M (May 23 2022)
Last sale anchor
$6.15M
May 23 2022
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
$966 / 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
$102,144
Tax year 2024
Assessed value
$964,350
Assessed 2024
Previous assessed
$929,250
+3.8% YoY
Effective rate
10.59%
On assessed value
Assessed land
$154,800
Assessed improvement
$809,550
Land market value
$344,000
Improvement market value
$1,815,000
Total market value
$2,159,000
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
For Lease
Year built
1991
Heating
NONE
Buildings
1
Stories
1
Units
5
Total area
8,600 SF
Lot
0.2 ac (8,600 SF)
Zoning code
C4-4
APN
02377-0049
UPID
US63-0726995
Jurisdiction
BRONX
Metro division
NEW YORK-WHITE PLAINS-WAYNE, NY-NJ METROPOLITAN DIVISION
Zoning & alternative use
C4-4 · Bronx, NYZoning 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
Alternative use value scenarios
Repositioning upside vs current use
RETAIL STORES Current
Est. value
$5.1M
AUTO REPAIR, GARAGE
Est. value
$6.3M
RETAIL STORES Current
AUTO REPAIR, GARAGE
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
1991
Heating
NONE
Stories
1
Buildings
1
Units
5
Lot
0.2 ac
Current owner
From public records · entity-resolved
3037 Partners LLC
Entity
Mailing address
PO BOX 1913, NEW YORK, NY 10156-1913
Ownership since
2022
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
May 23, 2022
$6,150,000
3037 Partners LLC
156 Third Holding LLC
Deed
$4,100,000 · Investors Bank
Jan 20, 2022
—
156 Third Holding LLC
156 Third Holding LLC
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
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