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Property profile & analytics
OFF-MARKET
Estimated value
$23,600,000
Retail residential properties
3322 Decatur Ave Bronx, NY 10467-3400
Entity Owned
14-yr Hold
~
Est. High Equity
Property ID
US63-6286356
Property profile
Verified
Property type
Retail residential properties
Use group
STORES & APARTMENTS
Year built
2009
Total area
144,463 SF
Lot
0.85 ac (37,243 SF)
Zoning code
R7B
APN
03355-0090
UPID
US63-6286356
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
-
Tender Tots Child Care Center Daycare Center
-
Bible Truth Ministry, Inc. Charitable Organization Social Service Agency
-
Luminous Early Childhood Learning Center Daycare Center
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$23.60M
Owner & transaction history
Vale Partners LLC · 14 yrs held
Vale Partners LLC
since 2012
3 recorded transactions
Zoning & alternative use
R7B · 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
Alternative Use
Use
Estimation
COMMERCIAL (GENERAL)
$32,690,000
Current use
APARTMENT HOUSE (5+ UNITS)
$30,815,000
Change: -6% · Conversion: Moderate
Blend value · Realmo final
$23.60M
Range $21.24M – $25.96M · ±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
$163 / 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
$20,295
Tax year 2024
Assessed value
$4,616,580
Assessed 2024
Previous assessed
$4,817,700
-4.2% YoY
Effective rate
0.44%
On assessed value
Assessed land
$353,700
Assessed improvement
$4,262,880
Land market value
$786,000
Improvement market value
$8,546,000
Total market value
$9,332,000
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
2009
Heating
NONE
Buildings
1
Stories
13
Units
123
Total area
144,463 SF
Lot
0.85 ac (37,243 SF)
Zoning code
R7B
APN
03355-0090
UPID
US63-6286356
Jurisdiction
BRONX
Metro division
NEW YORK-WHITE PLAINS-WAYNE, NY-NJ METROPOLITAN DIVISION
Zoning & alternative use
R7B · Bronx, NY
Zoning R7B · permitted uses
R7B · 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
$32.7M
APARTMENT HOUSE (5+ UNITS)
Est. value
$30.8M
COMMERCIAL (GENERAL) Current
APARTMENT HOUSE (5+ UNITS)
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
2009
Heating
NONE
Stories
13
Buildings
1
Units
123
Lot
0.85 ac
Current owner
From public records · entity-resolved
Vale Partners LLC
Entity
Mailing address
3322 DECATUR AVE, BRONX, NY 10467-3400
Ownership since
2012
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
Feb 15, 2012
—
Vale Partners LLC
Nyc Ptshp Hsng Dev Fund Co INC
Grant Deed
$2,959,000 · New York City (ny)
Sep 19, 2008
—
Nyc Ptshp Hsng Dev Fund Co INC
Vale Partners LLC
Grant Deed
related
$15,000,000 · Housing Development Corp
Dec 1, 2006
$880,000
Vale Partners LLC
Kasparian,sevastoula V
Grant 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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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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