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Property profile & analytics
OFF-MARKET
Estimated value
$19,640,000
Retail residential properties
3224 Grand Concourse, Bronx, NY 10458-1008
Entity Owned
11-yr Hold
~
Est. High Equity
Property ID
US63-0726215
Property profile
Verified
Property type
Retail residential properties
Use group
STORES & APARTMENTS
Year built
1923
Total area
147,400 SF
Lot
0.68 ac (29,593 SF)
Zoning code
R8
APN
03323-0001
UPID
US63-0726215
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
-
Action Care Physical Therapy PC Medical Clinic
-
Physical Therapy Physician Medical Clinic
-
Dr. Juana L. Cuevas, MD Physician
-
Park Plaza Dermatology: Dr Pinkas E Lebovits MD, PC Medical Clinic Skin Care Clinic
-
INTRO | NYC #1 Resource Consultant
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$24.76M
Blend (final)
Blend
$19.64M
Owner & transaction history
3224 Gc LLC · 11 yrs held
3224 Gc LLC
since 2014
7 recorded transactions
Zoning & alternative use
R8 · Bronx, NY
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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
Blend value · Realmo final
$19.64M
Range $17.68M – $21.60M · ±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
$133 / 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
$394,297
Tax year 2024
Assessed value
$3,153,870
Assessed 2024
Previous assessed
$3,028,810
+4.1% YoY
Effective rate
12.50%
On assessed value
Assessed land
$466,200
Assessed improvement
$2,687,670
Land market value
$1,036,000
Improvement market value
$6,393,000
Total market value
$7,429,000
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
1923
Heating
NONE
Buildings
1
Stories
6
Units
117
Total area
147,400 SF
Lot
0.68 ac (29,593 SF)
Zoning code
R8
APN
03323-0001
UPID
US63-0726215
Jurisdiction
BRONX
Metro division
NEW YORK-WHITE PLAINS-WAYNE, NY-NJ METROPOLITAN DIVISION
Zoning & alternative use
R8 · Bronx, NY
Zoning R8 · permitted uses
R8 · 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.
Building & site characteristics
From public records
Year built
1923
Heating
NONE
Stories
6
Buildings
1
Units
117
Lot
0.68 ac
Current owner
From public records · entity-resolved
3224 Gc LLC
Entity
Mailing address
2431 ATLANTIC AVE #1, MANASQUAN, NJ 08736-1014
Ownership since
2014
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
10 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Apr 23, 2020
—
3224 Gc LLC
—
Deed
related
$14,900,000 · New York Cmnty Bk
Dec 31, 2014
$16,240,000
3224 Gc LLC
3224 Grand Concourse LLC
Grant Deed
—
Nov 16, 2011
$9,786,700
3224 Grand Concourse LLC
Pickwick Arms LLC
Grant Deed
$174,147 · Provident Savings Bank
Nov 16, 2011
—
3224 Grand Concourse LLC
—
Deed Of Trust
related
$7,500,000 · Provident Savings Bank
Jul 30, 2008
—
Pickwick Arms LLC
—
Deed Of Trust
related
$6,425,000 · New York Community Bank
—
—
3224 Grand Concourse LLC
—
Loan Modification
related
$10,750,000 · Peapack Gladstone Bk
—
—
3224 Gc LLC
—
Loan Modification, Consolidation And Extension
related
$12,000,000 · New York Cmnty Bk
—
—
3224 Grand Concourse LLC
—
Deed Of Trust
related
$3,536,629 · Peapack Gladstone Bk
—
—
3224 Gc LLC
—
Loan Modification
related
$14,900,000 · New York Cmnty Bk
—
—
Pickwick Arms LLC
—
Deed Of Trust
related
$2,750,970 · New York Community 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.
Try Rey
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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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