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Property profile & analytics
OFF-MARKET
Estimated value
$605,000
Investment properties
3231 Ampere Ave Bronx, NY 10465-1063
Entity Owned
2-yr Hold
Free & Clear
Property ID
US63-1330173
Property profile
Verified
Property type
Investment properties
Use group
OFFICE/RESIDENTIAL (MIXED USE)
Year built
2003
Total area
2,500 SF
Lot
0.03 ac (1,310 SF)
Zoning code
R3A
APN
05416-0047
UPID
US63-1330173
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
-
Styles By Luigi Hair Salon Nail Salon
-
Julius Difiore Law Offices Law Firm
-
Level Up Fitlab Gym & Fitness Center
-
Celebration DVD Film Production Television Studio
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$435k
CAP Approach
CAP
$770k
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$605k
Owner & transaction history
Cjt974, LLC · 2 yrs held
Cjt974, LLC
since 2024
7 recorded transactions
Zoning & alternative use
R3A · Bronx, NY
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Warehouse, storage
$970,000
+63.5%
Office building
$910,000
+53.9%
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
$435,000
CAP Approach
CAP Return
Estimation
6%
$835,000
6.5%
$770,000
7%
$715,000
Alternative Use
Use
Estimation
COMMERCIAL (GENERAL)
$595,000
Current use
WAREHOUSE, STORAGE
$970,000
Change: +64% · Conversion: Difficult
OFFICE BUILDING
$910,000
Change: +54% · Conversion: Easy
Blend value · Realmo final
$605k
Range $545k – $666k · ±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
$242 / 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
$21,958
Tax year 2024
Assessed value
$175,634
Assessed 2024
Previous assessed
$162,625
+8.0% YoY
Effective rate
12.50%
On assessed value
Assessed land
$37,067
Assessed improvement
$138,567
Land market value
$149,000
Improvement market value
$557,000
Total market value
$706,000
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
Investment properties
Use group
OFFICE/RESIDENTIAL (MIXED USE)
Status
Off-Market
Year built
2003
Heating
NONE
Buildings
1
Stories
2
Units
5
Total area
2,500 SF
Lot
0.03 ac (1,310 SF)
Zoning code
R3A
APN
05416-0047
UPID
US63-1330173
Jurisdiction
BRONX
Metro division
NEW YORK-WHITE PLAINS-WAYNE, NY-NJ METROPOLITAN DIVISION
Zoning & alternative use
R3A · Bronx, NY
Zoning R3A · permitted uses
R3A · 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
$595,000
WAREHOUSE, STORAGE
Est. value
$970,000
OFFICE BUILDING
Est. value
$910,000
COMMERCIAL (GENERAL) Current
WAREHOUSE, STORAGE
OFFICE BUILDING
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
2003
Heating
NONE
Stories
2
Buildings
1
Units
5
Lot
0.03 ac
Current owner
From public records · entity-resolved
Cjt974, LLC
Entity
Free & Clear · 2 yrs held
Mailing address
974 KING ST, RYE BROOK, NY 10573-1042
Ownership since
2024
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
Apr 9, 2024
—
Cjt974, LLC
Christina Torrioni
Deed
—
Jun 3, 2019
—
Joseph Torrioni
Ampere Avenue Management LLC
Correction Deed
related
—
Mar 8, 2019
—
Joseph Torrioni
Ampere Avenue Management LLC
Grant Deed
—
May 25, 2005
—
Ampere Avenue Management LLC
L & T Management Associates LLC
Grant Deed
related
—
—
—
Ampere Avenue Management LLC
—
Deed Of Trust
related
$526,600 · Hudson Valley Bank
—
—
Ampere Avenue Management LLC
—
Loan Modification
related
$700,000 · Hudson Valley Bank
—
—
Ampere Avenue Management LLC
—
Deed Of Trust
related
$675,000 · Hudson Valley 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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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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