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Property profile & analytics
FOR LEASE
Grocery and convenience stores
323 Jessamine Ave, Yonkers, NY 10701
Entity Owned
6-yr Hold
~
Est. High Equity
Property ID
US63-1072269
For Lease
1 / 2
$1,130,000
323 Jessamine Ave, Yonkers, NY 10701
View Listing →
Property profile
Verified
Property type
Grocery and convenience stores
Use group
GROCERY, SUPERMARKET
Year built
1951
Total area
6,803 SF
Lot
0.17 ac (7,405 SF)
Zoning code
B
APN
551800 2.-2328-16
UPID
US63-1072269
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
-
Bryn Mawr Electrica. Electrical Service General Contractor
-
Buy Here Pay Here Westchester Car Dealership
-
Husky Electric Co. Electrical Service General Contractor
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$1.55M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$882k
Blend (final)
Blend
$1.13M
Owner & transaction history
146 Real Estate Holding LLC · 6 yrs held
146 Real Estate Holding LLC
since 2020
Last sale
$965,000
5 recorded transactions
Zoning & alternative use
B · Yonkers, NY
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Restaurant
$1.6M
+88.4%
Auto repair, garage
$1.3M
+56.0%
Commercial (general)
$1.0M
+21.5%
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 Yonkers submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Yonkers 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
$1,295,000
ML approach
$1,545,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
RETAIL STORES
$860,000
Current use
RESTAURANT
$1,620,000
Change: +88% · Conversion: Easy
AUTO REPAIR, GARAGE
$1,340,000
Change: +56% · Conversion: Difficult
COMMERCIAL (GENERAL)
$1,045,000
Change: +21% · Conversion: Easy
MEDICAL BUILDING
$730,000
Change: -15% · Conversion: Difficult
WAREHOUSE, STORAGE
$710,000
Change: -18% · Conversion: Difficult
Blend value · Realmo final
$1.13M
Range $1.02M – $1.24M · ±10% · vs last sale $965k (Feb 12 2020)
Last sale anchor
$965k
Feb 12 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
$166 / 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 2020Property tax & assessments
Tax year 2020
Tax billed
$46,546
Tax year 2020
Assessed value
$35,500
Assessed 2023
Previous assessed
$35,500
+0.0% YoY
Effective rate
131.12%
On assessed value
Assessed land
$8,900
Assessed improvement
$26,600
Land market value
$497,207
Improvement market value
$1,486,034
Total market value
$1,983,241
Applied tax rate
551,800.0000
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
Grocery and convenience stores
Use group
GROCERY, SUPERMARKET
Status
For Lease
Year built
1951
Heating
NONE
Buildings
1
Stories
1
Total area
6,803 SF
Lot
0.17 ac (7,405 SF)
Zoning code
B
APN
551800 2.-2328-16
UPID
US63-1072269
Jurisdiction
WESTCHESTER
Metro division
NEW YORK-WHITE PLAINS-WAYNE, NY-NJ METROPOLITAN DIVISION
Zoning & alternative use
B · Yonkers, NY
Zoning B · permitted uses
B · Yonkers, NY
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Yonkers. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
RETAIL STORES Current
Est. value
$860,000
RESTAURANT
Est. value
$1.6M
AUTO REPAIR, GARAGE
Est. value
$1.3M
COMMERCIAL (GENERAL)
Est. value
$1.0M
MEDICAL BUILDING
Est. value
$730,000
WAREHOUSE, STORAGE
Est. value
$710,000
RETAIL STORES Current
RESTAURANT
AUTO REPAIR, GARAGE
COMMERCIAL (GENERAL)
MEDICAL 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
1951
Heating
NONE
Stories
1
Buildings
1
Lot
0.17 ac
Current owner
From public records · entity-resolved
146 Real Estate Holding LLC
Entity
Mailing address
7 FOXWOOD RD, WEST NYACK, NY 10994-2505
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
Feb 12, 2020
$1,100,000
146 Real Estate Holding LLC
146 Cyk Lockwood Corp
Grant Deed
related
$542,160 · Bank Of Hope
Feb 12, 2020
—
146 Real Estate Holding LLC
—
Deed
related
$1,380,000 · Bank Of Hope
Mar 20, 2017
$965,000
148 Cyk Lockwood Corp
146-148 Lockwood Associates LLC
Bargain And Sale Deed
—
May 26, 2000
—
146-148 Lockwood Associates
Piacente,frank
Grant Deed
related
—
—
—
146 Real Estate Holding LLC
—
Loan Modification
related
$1,380,000 · Bank Of Hope
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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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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