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Property profile & analytics
OFF-MARKET
Estimated value
$1,205,000
Office buildings
3134 Tremont Ave, Bronx, NY 10461-5706
Entity Owned
6-yr Hold
~
Est. High Equity
Property ID
US63-0125025
Property profile
Verified
Property type
Office buildings
Use group
PROFESSIONAL BUILDING
Year built
1998
Total area
2,500 SF
Lot
0.06 ac (2,597 SF)
Zoning code
R4-1
APN
05350-0050
UPID
US63-0125025
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
-
Essen Health Care Primary & Specialty Care Physician
-
Advanced Dermatology, P.C. Physician Medical Clinic
-
Zinnanti Stephen A Employment Agency
-
Dr. Owen Golden, MD Physician
-
Goldencare Medical Center Physician
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$1.28M
CAP Approach
CAP
$1.03M
Comparable Approach
Comparable
$979k
Blend (final)
Blend
$1.21M
Owner & transaction history
3134 Tremont Realty LLC · 6 yrs held
3134 Tremont Realty LLC
since 2020
Last sale
$1.3M
5 recorded transactions
Zoning & alternative use
R4-1 · Bronx, NY
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Auto repair, garage
$1.8M
+73.9%
Retail stores
$1.5M
+41.9%
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
$1,435,000
ML approach
$1,275,000
CAP Approach
CAP Return
Estimation
6%
$1,115,000
6.5%
$1,025,000
7%
$955,000
Alternative Use
Use
Estimation
OFFICE BUILDING
$1,045,000
Current use
AUTO REPAIR, GARAGE
$1,820,000
Change: +74% · Conversion: Difficult
RETAIL STORES
$1,485,000
Change: +42% · Conversion: Moderate
WAREHOUSE, STORAGE
$970,000
Change: -7% · Conversion: Difficult
Blend value · Realmo final
$1.21M
Range $1.08M – $1.33M · ±10% · vs last sale $1.25M (Jun 19 2020)
Last sale anchor
$1.25M
Jun 19 2020
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
$482 / 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
$19,085
Tax year 2024
Assessed value
$180,180
Assessed 2024
Previous assessed
$168,210
+7.1% YoY
Effective rate
10.59%
On assessed value
Assessed land
$41,850
Assessed improvement
$138,330
Land market value
$93,000
Improvement market value
$393,000
Total market value
$486,000
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
Office buildings
Use group
PROFESSIONAL BUILDING
Status
Off-Market
Year built
1998
Heating
NONE
Buildings
1
Stories
1
Units
1
Total area
2,500 SF
Lot
0.06 ac (2,597 SF)
Zoning code
R4-1
APN
05350-0050
UPID
US63-0125025
Jurisdiction
BRONX
Metro division
NEW YORK-WHITE PLAINS-WAYNE, NY-NJ METROPOLITAN DIVISION
Zoning & alternative use
R4-1 · Bronx, NY
Zoning R4-1 · permitted uses
R4-1 · 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
OFFICE BUILDING Current
Est. value
$1.0M
AUTO REPAIR, GARAGE
Est. value
$1.8M
RETAIL STORES
Est. value
$1.5M
WAREHOUSE, STORAGE
Est. value
$970,000
OFFICE BUILDING Current
AUTO REPAIR, GARAGE
RETAIL STORES
WAREHOUSE, STORAGE
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
1998
Heating
NONE
Stories
1
Buildings
1
Units
1
Lot
0.06 ac
Current owner
From public records · entity-resolved
3134 Tremont Realty LLC
Entity
Mailing address
2614 HALPERIN AVE, BRONX, NY 10461-2631
Ownership since
2020
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 30, 2021
—
1371 Seabury Avenue Realty LLC
—
Deed
related
$5,012,475 · Bank Of America, N.a.
Jun 19, 2020
$1,250,000
3134 Tremont Realty LLC
3134 East Tremont Corp
Deed
$640,000 · M & T Bank
Oct 17, 2007
$389,000
3134 E Tremont Corp
3100 Tremont Assocs INC
Grant Deed
—
Mar 25, 2004
—
3100 Tremont Associates INC
—
Deed Of Trust
related
$1,041,152 · Hudson Valley Bank
—
—
Flushing Bk
—
Loan Modification
related
$550,000 · 3134 East Tremont Corp
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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