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Property profile & analytics
OFF-MARKET
Estimated value
$3,040,000
Office buildings
3199 Bainbridge Ave, Bronx, NY 10467-3907
Entity Owned
18-yr Hold
~
Est. High Equity
Property ID
US63-3943698
Property profile
Verified
Property type
Office buildings
Use group
PROFESSIONAL BUILDING
Year built
2004
Total area
12,024 SF
Lot
0.06 ac (2,500 SF)
Zoning code
R5D
APN
03335-0170
UPID
US63-3943698
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
-
Michael Hargrove Md Physician
-
Kolb Radiology Medical Clinic
-
Option Care Health Pharmacy
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$3.04M
Owner & transaction history
3199 Bainbridge Ave LLC · 18 yrs held
3199 Bainbridge Ave LLC
since 2007
7 recorded transactions
Zoning & alternative use
R5D · Bronx, NY
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Warehouse, storage
$4.7M
+6.3%
Industrial (general)
$4.5M
+1.9%
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
by Request
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
OFFICE BUILDING
$4,385,000
Current use
WAREHOUSE, STORAGE
$4,660,000
Change: +6% · Conversion: Difficult
INDUSTRIAL (GENERAL)
$4,470,000
Change: +2% · Conversion: Difficult
Blend value · Realmo final
$3.04M
Range $2.74M – $3.34M · ±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
$253 / 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
$23,079
Tax year 2024
Assessed value
$1,038,690
Assessed 2024
Previous assessed
$921,600
+12.7% YoY
Effective rate
2.22%
On assessed value
Assessed land
$45,000
Assessed improvement
$993,690
Land market value
$100,000
Improvement market value
$2,457,000
Total market value
$2,557,000
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
2004
Heating
NONE
Buildings
1
Stories
4
Units
5
Total area
12,024 SF
Lot
0.06 ac (2,500 SF)
Zoning code
R5D
APN
03335-0170
UPID
US63-3943698
Jurisdiction
BRONX
Metro division
NEW YORK-WHITE PLAINS-WAYNE, NY-NJ METROPOLITAN DIVISION
Zoning & alternative use
R5D · Bronx, NY
Zoning R5D · permitted uses
R5D · 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
$4.4M
WAREHOUSE, STORAGE
Est. value
$4.7M
INDUSTRIAL (GENERAL)
Est. value
$4.5M
OFFICE BUILDING Current
WAREHOUSE, STORAGE
INDUSTRIAL (GENERAL)
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
2004
Heating
NONE
Stories
4
Buildings
1
Units
5
Lot
0.06 ac
Current owner
From public records · entity-resolved
3199 Bainbridge Ave LLC
Entity
Mailing address
2211 BROADWAY APT 3A, NEW YORK, NY 10024-6264
Ownership since
2007
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
7 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
May 6, 2019
—
3199 Bainbridge Ave LLC
—
Deed
related
$4,125,000 · People's United Bk
Nov 8, 2007
—
3199 Bainbridge Ave LLC
3199 Bainbridge Avenue Assocs
Quit Claim Deed
related
$958,415 · * Other Institutional Lenders
Jun 15, 2006
—
3199 Bainbridge Ave LLC
3199 Bainbridge Avenue Assocs
Quit Claim Deed
related
$1,663,081 · Ridgewood Savings Bank
Apr 12, 2004
—
3199 Bainbridge Avenue Assoc
—
Trustees Deed
related
$1,600,000 · Hudson Valley Bank
—
—
3199 Bainbridge Ave LLC
—
Loan Modification
related
$4,125,000 · People's United Bk
—
—
3199 Bainbridge Ave LLC
—
Deed Of Trust
related
$4,600,000 · Ridgewood Savings Bank
—
—
3199 Bainbridge Ave LLC
—
Deed Of Trust
related
$680,000 · Ridgewood Savings Bank
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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