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Property profile & analytics
OFF-MARKET
Estimated value
$62,430,000
Warehouses
3350 Park Ave, Bronx, NY 10456-6601
Entity Owned
4-yr Hold
~
Est. High Equity
Property ID
US63-1271476
Property profile
Verified
Property type
Warehouses
Use group
MINI-WAREHOUSE, STORAGE
Year built
2018
Total area
138,600 SF
Lot
1.59 ac (69,391 SF)
Zoning code
M1-1
APN
02387-0001
UPID
US63-1271476
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
-
Storage Post Self Storage Storage Facility
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$80.56M
Blend (final)
Blend
$62.43M
Owner & transaction history
Storage Post/3350 Park Ave, LLC · 4 yrs held
Storage Post/3350 Park Ave, LLC
since 2022
Last sale
$64.0M
4 recorded transactions
Zoning & alternative use
M1-1 · Bronx, NY
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Auto repair, garage
$100.9M
+87.8%
Retail stores
$82.3M
+53.2%
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
$65,320,000
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
WAREHOUSE, STORAGE
$53,720,000
Current use
AUTO REPAIR, GARAGE
$100,890,000
Change: +88% · Conversion: Easy
RETAIL STORES
$82,290,000
Change: +53% · Conversion: Moderate
INDUSTRIAL (GENERAL)
$51,500,000
Change: -4% · Conversion: Easy
OFFICE BUILDING
$50,550,000
Change: -6% · Conversion: Difficult
Blend value · Realmo final
$62.43M
Range $56.19M – $68.67M · ±10% · vs last sale $64.00M (Mar 7 2022)
Last sale anchor
$64.00M
Mar 7 2022
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
$450 / 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
$1,017,045
Tax year 2024
Assessed value
$9,602,010
Assessed 2024
Previous assessed
$9,015,761
+6.5% YoY
Effective rate
10.59%
On assessed value
Assessed land
$1,105,650
Assessed improvement
$8,496,360
Land market value
$2,457,000
Improvement market value
$22,202,000
Total market value
$24,659,000
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
Warehouses
Use group
MINI-WAREHOUSE, STORAGE
Status
Off-Market
Year built
2018
Heating
NONE
Buildings
1
Stories
2
Units
1
Total area
138,600 SF
Lot
1.59 ac (69,391 SF)
Zoning code
M1-1
APN
02387-0001
UPID
US63-1271476
Jurisdiction
BRONX
Metro division
NEW YORK-WHITE PLAINS-WAYNE, NY-NJ METROPOLITAN DIVISION
Zoning & alternative use
M1-1 · Bronx, NY
Zoning M1-1 · permitted uses
M1-1 · 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
WAREHOUSE, STORAGE Current
Est. value
$53.7M
AUTO REPAIR, GARAGE
Est. value
$100.9M
RETAIL STORES
Est. value
$82.3M
INDUSTRIAL (GENERAL)
Est. value
$51.5M
OFFICE BUILDING
Est. value
$50.6M
WAREHOUSE, STORAGE Current
AUTO REPAIR, GARAGE
RETAIL STORES
INDUSTRIAL (GENERAL)
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
2018
Heating
NONE
Stories
2
Buildings
1
Units
1
Lot
1.59 ac
Current owner
From public records · entity-resolved
Storage Post/3350 Park Ave, LLC
Entity
Mailing address
3050 PEACHTREE RD NW STE #300, ATLANTA, GA 30305-2296
Ownership since
2022
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
4 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Mar 7, 2022
$64,000,000
Storage Post/3350 Park Ave, LLC
Pr III/md 165 Storage, LLC
Deed
$23,329,700 · Jpmorgan Chase Bank, N.a.
Jun 4, 2021
—
Pr III/md 165 Storage, LLC
—
Deed
related
$630,324 · Santander Bank, N.a.
Aug 24, 2017
$9,000,000
Pr III/md 165 Storage LLC
165th Street Realty Corp
Deed
$19,258,027 · Pacific Western National Bank
—
—
165th Street Realty Corp
—
Deed Of Trust
related
$647,868 · Independence 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.
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