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Property profile & analytics
OFF-MARKET
Estimated value
$1,300,000
Investment properties
3168 Tremont Ave Bronx, NY 10461-5706
Entity Owned
3-yr Hold
~
Est. High Equity
Property ID
US63-1347758
Property profile
Verified
Property type
Investment properties
Use group
STORE/OFFICE (MIXED USE)
Year built
1920
Total area
3,296 SF
Lot
0.05 ac (2,320 SF)
Zoning code
R4-1
APN
05350-0062
UPID
US63-1347758
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
-
Bamboo Green Cleaning Hardware & Home Improvement
-
ROYAL FUSION Restaurant
-
Rebelz of Anarchy Ent. Recording Studio
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$1.41M
CAP Approach
CAP
$1.02M
Comparable Approach
Comparable
$1.06M
Blend (final)
Blend
$1.30M
Owner & transaction history
Nclass LLC · 3 yrs held
Nclass LLC
since 2023
Last sale
$1.5M
3 recorded transactions
Zoning & alternative use
R4-1 · Bronx, NY
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Retail stores
$2.0M
+140.6%
Office building
$1.4M
+69.6%
Warehouse, storage
$1.3M
+57.1%
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
$1,325,000
ML approach
$1,410,000
CAP Approach
CAP Return
Estimation
6%
$1,100,000
6.5%
$1,015,000
7%
$945,000
Alternative Use
Use
Estimation
COMMERCIAL (GENERAL)
$815,000
Current use
RETAIL STORES
$1,955,000
Change: +141% · Conversion: Easy
OFFICE BUILDING
$1,380,000
Change: +70% · Conversion: Easy
WAREHOUSE, STORAGE
$1,280,000
Change: +57% · Conversion: Difficult
Blend value · Realmo final
$1.30M
Range $1.17M – $1.43M · ±10% · vs last sale $1.50M (Apr 5 2023)
Last sale anchor
$1.50M
Apr 5 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
$394 / 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
$24,509
Tax year 2024
Assessed value
$231,390
Assessed 2024
Previous assessed
$218,250
+6.0% YoY
Effective rate
10.59%
On assessed value
Assessed land
$126,000
Assessed improvement
$105,390
Land market value
$280,000
Improvement market value
$255,000
Total market value
$535,000
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
1920
Heating
NONE
Buildings
1
Stories
2
Units
3
Total area
3,296 SF
Lot
0.05 ac (2,320 SF)
Zoning code
R4-1
APN
05350-0062
UPID
US63-1347758
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
COMMERCIAL (GENERAL) Current
Est. value
$815,000
RETAIL STORES
Est. value
$2.0M
OFFICE BUILDING
Est. value
$1.4M
WAREHOUSE, STORAGE
Est. value
$1.3M
COMMERCIAL (GENERAL) Current
RETAIL STORES
OFFICE BUILDING
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
1920
Heating
NONE
Stories
2
Buildings
1
Units
3
Lot
0.05 ac
Current owner
From public records · entity-resolved
Nclass LLC
Entity
Mailing address
299 SICKLES AVE, NEW ROCHELLE, NY 10801-3716
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
3 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Apr 5, 2023
$1,500,000
Nclass LLC
3168 East Tremont Avenue LLC
Deed
$1,000,000 · Jmp Beltway Realty LLC
Feb 7, 2013
$742,000
3168 East Tremont Avenue LLC
Magro Michael Living Trust
Grant Deed
$567,000 · Magro Michael Living Tr (pt)
Apr 26, 2012
—
Magro Michael Living Trust
Magro,michael & Moira
Quit Claim Deed
—
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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