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Property profile & analytics
OFF-MARKET
Estimated value
$13,575,000
Office buildings
355 149th St, Bronx, NY 10455-3909
Entity Owned
4-yr Hold
Free & Clear
Property ID
US63-2890406
Property profile
Verified
Property type
Office buildings
Use group
OFFICE BUILDING (MULTI-STORY)
Year built
1917
Total area
29,640 SF
Lot
0.41 ac (18,000 SF)
Zoning code
C4-4
APN
02328-0001
UPID
US63-2890406
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
-
Mintzberg Margareth DDS Dental Office
-
Schulhof Zev M DDS Dental Office
-
Family Care Services Charitable Organization Social Service Agency
-
Schwartz Alfred H DDS Dental Office
-
Arora Eshansh DDS Dental Office
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$9.50M
CAP Approach
CAP
$12.18M
Comparable Approach
Comparable
$13.40M
Blend (final)
Blend
$13.58M
Owner & transaction history
355 E 149th Street, LLC · 4 yrs held
355 E 149th Street, LLC
since 2022
Last sale
$14.0M
1 recorded transaction
Zoning & alternative use
C4-4 · Bronx, NY
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Auto repair, garage
$21.6M
+99.6%
Retail stores
$17.6M
+62.8%
Warehouse, storage
$11.5M
+6.3%
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
$14,290,000
ML approach
$9,495,000
CAP Approach
CAP Return
Estimation
6%
$13,195,000
6.5%
$12,180,000
7%
$11,310,000
Alternative Use
Use
Estimation
OFFICE BUILDING
$10,810,000
Current use
AUTO REPAIR, GARAGE
$21,575,000
Change: +100% · Conversion: Difficult
RETAIL STORES
$17,600,000
Change: +63% · Conversion: Moderate
WAREHOUSE, STORAGE
$11,490,000
Change: +6% · Conversion: Difficult
INDUSTRIAL (GENERAL)
$11,015,000
Change: +2% · Conversion: Difficult
Blend value · Realmo final
$13.58M
Range $12.22M – $14.93M · ±10% · vs last sale $14.00M (Apr 20 2022)
Last sale anchor
$14.00M
Apr 20 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
$458 / 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
$257,900
Tax year 2024
Assessed value
$2,434,860
Assessed 2024
Previous assessed
$2,393,460
+1.7% YoY
Effective rate
10.59%
On assessed value
Assessed land
$220,500
Assessed improvement
$2,214,360
Land market value
$490,000
Improvement market value
$5,130,000
Total market value
$5,620,000
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
Office buildings
Use group
OFFICE BUILDING (MULTI-STORY)
Status
Off-Market
Year built
1917
Heating
NONE
Buildings
2
Stories
4
Units
12
Total area
29,640 SF
Lot
0.41 ac (18,000 SF)
Zoning code
C4-4
APN
02328-0001
UPID
US63-2890406
Jurisdiction
BRONX
Metro division
NEW YORK-WHITE PLAINS-WAYNE, NY-NJ METROPOLITAN DIVISION
Zoning & alternative use
C4-4 · Bronx, NY
Zoning C4-4 · permitted uses
C4-4 · 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
OFFICE BUILDING Current
Est. value
$10.8M
AUTO REPAIR, GARAGE
Est. value
$21.6M
RETAIL STORES
Est. value
$17.6M
WAREHOUSE, STORAGE
Est. value
$11.5M
INDUSTRIAL (GENERAL)
Est. value
$11.0M
OFFICE BUILDING Current
AUTO REPAIR, GARAGE
RETAIL STORES
WAREHOUSE, STORAGE
INDUSTRIAL (GENERAL)
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
1917
Heating
NONE
Stories
4
Buildings
2
Units
12
Lot
0.41 ac
Current owner
From public records · entity-resolved
355 E 149th Street, LLC
Entity
Free & Clear · 4 yrs held
Mailing address
11241 QUEENS BLVD STE #201, FOREST HILLS, NY 11375-5564
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
1 recorded event · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Apr 20, 2022
$14,000,000
355 E 149th Street, LLC
355 East 149 St. Corp.
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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